European stocks closed on a strong note on Friday, buoyed by hopes Iran and the U.S. will reach a peace agreement sometime soon, following U.S. President Donald Trump calling off his planned attacks on Iran yesterday.
Enthusiasm surrounding the SpaceX IPO and its market debut, and a sharp drop in oil prices helped as well in lifting the sentiment.
Investors also digested the latest batch of regional as well as U.S. economic data.
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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.