We are slowly entering the second phase of Thursday's trading session.
The markets are still awaiting the BoE and ECB decisions on interest rates. The first will take place in less than 14 minutes, at 13:00. The ECB will decide at 14:15.
The European Central Bank is expected to keep interest rates unchanged for the fifth time, as the strong economy has so far withstood global tensions and the strong euro. The Bank of England is also expected to keep interest rates unchanged, despite growing concerns about the British labour market.
At present, Germany's DAX is down 0.46% on the cash market, France's CAC40 is up 0.2%, and the UK's FTSE100 is down 0.45%.
Precious metals return to dramatic declines: silver slumps 11% to $78, completely erasing the rebound of the last two sessions, gold retreats another 1.7% to $4,875, platinum contracts lose 6.5%.
The Stoxx Europe 600 index fell by 0.16%, with the technology and media sectors performing best and automotive stocks performing worst.
Source: xStation
Rheinmetall AG recorded a decline of 6.9% after analysts' forecasts led to a downward revision of the consensus earnings forecast for this year.
A.P. Moller-Maersk A/S fell 3.8% after the Danish container giant announced it would focus on cost discipline in the face of deteriorating freight rates caused by the reopening of the Red Sea.
KGHM Polska Miedź SA fell by 4.9%, leading declines in shares of companies in the basic materials sector.
Meanwhile, the decline in silver prices provided a boost for Pandora A/S, whose shares rose 6.3%, offsetting a break in share buybacks following a forecast of slower sales this year.
Shell Plc fell 2.3 per cent after its profit missed expectations.
The Swiss franc and the US dollar are performing best on the Forex market. We are seeing declines, particularly in the British pound.
We are seeing significant declines in cryptocurrencies. Bitcoin has fallen below £70,000 for the first time since November 2024.
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
US100 loses 1.5% 📉
🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause
Cocoa falls 2.5% to the lowest level since October 2023 📉
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