European stocks closed weak on Friday amid cautious moves by investors due to uncertainty about U.S. and Iran securing a lasting peace truce in the Middle East following the abrupt cancellation of talks between the two nations in Switzerland.
The cancellation happened following exchange of fresh hostilities between Israel and Hezbollah.
The pan European Stoxx 600 fell 0.24%. The UK's FTSE 100 ended down 0.35%, Germany's DAX drifted down 0.16% and France's CAC 40 lost 0.55%. Switzerland's SMI edged up 0.06%.
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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.