European stocks were subdued on Wednesday as caution gripped markets ahead of the U.S. Federal Reserve's interest-rate decision later in the day and the signing of a peace deal between Washington and Teheran on Friday in Switzerland.
In economic releases, official data showed that U.K. consumer price inflation registered an annual increase of 2.8 percent in May, the same rate as seen in April. Prices were expected to climb 3.0 percent.
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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.