European stock markets moved lower on Thursday, breaking the longest winning streak of the year, as investors digested the latest round of earnings reports and disappointing data from the U.S.A busy earnings report day and some pan European companies came out with their not so good reports which pushed stocks lower.
The broader losses in Europe came after a solid winning streak, spurred by dovish comments from U.S. Federal Reserve Chairwoman Janet Yellen and by reassurance from European Central Bank President Mario Draghi that the bank stands ready to ease policy further if needed.
On Wednesday, Bank of England Governor Mark Carney was in the spotlight after the U.K. central bank updated its forward-guidance framework and indicated interest rates could rise in 2015, rather than in 2016 as earlier estimated
Instead, investors focused on the latest round of data out of the U.S. The Commerce Department said retail sales fell 0.4% in January, marking a bigger slide than the 0.1% drop expected by economists
The broader losses in Europe came after a solid winning streak, spurred by dovish comments from U.S. Federal Reserve Chairwoman Janet Yellen and by reassurance from European Central Bank President Mario Draghi that the bank stands ready to ease policy further if needed.
On Wednesday, Bank of England Governor Mark Carney was in the spotlight after the U.K. central bank updated its forward-guidance framework and indicated interest rates could rise in 2015, rather than in 2016 as earlier estimated
Instead, investors focused on the latest round of data out of the U.S. The Commerce Department said retail sales fell 0.4% in January, marking a bigger slide than the 0.1% drop expected by economists