European stocks traded higher on Monday, extending gains from the previous session after U.S. President Donald Trump and Iranian leaders said a deal has been agreed to end more than 100 days of war. World leaders welcomed the emerging agreement and urged its swift implementation.
In remarks delivered during a monetary policy conference in Frankfurt, European Central Bank (ECB) Governing Council member Joachim Nagel stated that it will take months for global oil supply to normalize following recent disruptions.
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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.