European markets closed lower on Thursday, as global economic uncertainty cast a shadow over monetary policy announcements from the Bank of England, Swiss National Bank and Sweden's Riksbank.
After a muted start, the regional Stoxx 600 closed 0.43% lower, snapping a four-day winning streak.
Shipping giant Hapag-Lloyd posts 2024 profit decline, flags ‘challenging' environment | view post
UK wage growth steady at expected 5.9% ahead of BOE decision | view post
China's central bank follows U.S. Fed in keeping rates steady as tariff threats pressure yuan | view post
Norway's $1.8 trillion sovereign wealth fund invests in European property
Swiss National Bank makes quarter-point interest rate cut | view post
Sweden's Riksbank holds rates, says outlook stable despite ‘dramatic' global developments | view post
Germany's DAX snapped a winning run on Wednesday and shed around another 1.2% on Thursday, while the Stoxx Aerospace and Defense Index was down 2% after five consecutive weeks of significant gains.
Lindsay James, investment strategist at Quilter Investors, told CNBC's "Squawk Box Europe" on Wednesday that there could be a period of "buy the rumor, sell the fact" in European stocks after German lawmakers on Tuesday voted to allow exemptions to the country's longstanding debt rules, unlocking hundreds of billions in defense, infrastructure and climate spending.
The potential for the reform had driven strong gains in German industrial, manufacturing and defense names earlier this month.
Shares of German engineering and defense group Thyssenkrupp
lost early gains to decline 4%.
Source: CNBC
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