European stocks closed broadly lower on Wednesday amid lingering concerns about Middle East tensions and continued weakness in the technology sector. Also, investors digested U.S. inflation data that came in line with expectations and looked ahead to the European Central Bank's policy announcement on Thursday.
Tensions between Iran and the U.S. escalated following the former attacking U.S. bases in Jordan and Bahrain, retaliating to the U.S. attack on the Islamic Republic.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.