After moving higher early on in the session, France's equity benchmark CAC 40 retreated Thursday morning with investors turning a bit cautious amid concerns some major central banks, including the Federal Reserve will hike interest rates this year.
The positive start as geopolitical tensions eased following Iran and the U.S. signing an interim peace agreement, that includes the reopening of the Strait of Hormuz, a $300 million reconstruction program for Iran and the removal of all US sanctions.
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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.