European Stocks Snap Four-Day Winning Streak
European stocks turned lower on Thursday, snapping a four-day winning streak, with the Stoxx 50 down 0.6% and the Stoxx 600 down 0.2%. Investors are focused on key monetary policy decisions, with the Bank of England expected to keep interest rates unchanged, the Swiss National Bank cutting rates on low inflation, and Sweden’s Riksbank keeping its policy unchanged.
Meanwhile, the U.S. Federal Reserve left interest rates unchanged but indicated two cuts later this year, despite uncertainty over Trump’s trade policies. In corporate news, German shipping company Hapag-Lloyd fell 5% after the company warned of lower net income in 2025 due to geopolitical risks. The company reported a 19% drop in annual profit to $2.59 billion, despite rising revenue, citing volatile freight rates and ongoing market uncertainty.
Source: Trading Economics