European stocks closed slightly higher on Wednesday with investors largely making cautious moves, looking ahead to the Federal Reserve's monetary policy announcement due later in the day, and for more details about a U.S.-Iran peace deal that is expected to be signed in Switzerland on Friday.
The Bank of England and the Swiss National Bank are scheduled to make their monetary policy announcements on Thursday.
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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.