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 15, 2026 06:21 ETThe euro area trade balance shifted to a deficit in April due to the surge in imports, according to official data released Monday. The trade balance showed a shortfall of EUR 1.0 billion compared to a surplus of EUR 4.9 billion in March. In the same period last year, the trade surplus totalled EUR 8.7 billion.
June 15, 2026 06:48 ETGlobal markets rallied as the U.S. and Iran agreed to a preliminary peace deal to end the fighting and to restore shipping through the Strait of Hormuz.
June 15, 2026 05:35 ETGold prices rose sharply to hover near a one-week high on Monday after U.S. President Donald Trump announced a tentative peace deal with Iran, helping ease investor concerns about inflationary pressures and lessening the need for interest-rate hikes. Signing ceremony is set for Friday in Switzerland...