European stocks may drift lower at open on Tuesday as investors monitor the latest developments in the Middle East war and await the release of April's U.S. consumer price index reading later in the day for directional cues.
Reports on U.S. producer prices, retail sales and industrial production due later in the week may also provide fresh insights into the impact of the recent spike in oil prices on inflation and consumer spending.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.