European stocks closed broadly higher on Thursday with investors closely following the news from the Middle East front and reacting to the European Central Bank's rate hike announcement.
The pan European Stoxx 600 climbed 0.54%. The UK's FTSE 100 and France's CAC 40 both gained 0.48%, while Germany's DAX edged up 0.06%. Switzerland's SMI finished with a gain of 0.49%.
Among other markets in Europe, Australia, Belgium, Czech Republic, Denmark, Greece, Ireland, Netherlands, Norway, Poland, Portugal, Spain and Sweden closed higher.
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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.