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.
June 16, 2026 10:20 ETA report released by the Labor Department on Tuesday showed import prices in the U.S. shot up by much more than expected in the month of May. The Labor Department said import prices jumped by 1.9 percent in May after leaping by an upwardly revised 2.0 percent in April.
June 16, 2026 14:43 ETExtending three consecutive sessions of losses, crude oil prices were in freefall on Tuesday with transit disruption concerns fading due to an imminent U.S.-Iran deal.
June 16, 2026 09:34 ETOptimism surrounding the preliminary U.S.-Iran deal as well as uncertainty surrounding the actual terms of agreement swayed global market sentiment.