Several markets across Europe closed on a firm note on Monday, holding early gains intact, even as a few markets retreated and closed just above the flat line or down in negative territory as the mood turned somewhat cautious past mid-day.
The buoyant start in most of the markets came with investors cheering the news about U.S. and Iran reaching a deal to end the conflict in the Middle East.
The preliminary framework agreed to by the two nations includes halting the U.S. blockade of Iran and reopening of the Strait of Hormuz.
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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.