From Yahoo Finance: 2025-06-12 00:39:00

European and global markets are facing uncertainty due to rising tensions in the Middle East and new tariffs from President Trump. The U.S.-China trade truce lacks details and approval from China’s President Xi. Trump plans to send trade terms to other countries, increasing market volatility.

Companies like Zara-owner Inditex are warning of trade uncertainty impacts. Geopolitical tensions in the Middle East are contributing to inflation fears as oil prices spike. Equities valuations are stretched, raising concerns for investors during potential market selloffs.

European and U.S. futures are down, with benchmark indexes near record highs. The dollar’s safe-haven status is questioned as the euro strengthens. Central bank announcements next week may shed light on the global economy. UK economic data is expected to show decline, influenced by cautious monetary policy.

Key market events on Thursday include UK GDP and industrial data, U.S. producer inflation and jobless claims reports, and speeches from ECB and Reserve Bank of Australia officials. UniCredit CEO doubts BPM deal, Oracle raises forecast, and Warner Bros’ credit rating is downgraded.

Read more: No relief from US-China trade truce