The Stoxx Europe 600 index fell 0.6% to end at 398.60, its lowestclose since January 17. Germany'sDAX was 0.87pc lower and France's CAC-40 was down 0.25pc.
The euro jumped to an intraday high of $1.2537 from $1.2410 late Wednesday in NY, marking the first time the shared currency has traded above $1.25 since late 2014.
Later on Thursday, financial markets will hang on European Central Bank president Mario Draghi's every word, putting pressure on him to play down talk of reducing stimulus. Fourth-quarter gross domestic product increased at a 2.6 percent annual rate, the Commerce Department reported. Investors are gearing up for the press conference where ECB President Mario Draghi is likely to insist on the need for monetary policy to stay accommodative until inflation nears the central bank's target of 2%.
The ECB chief commented on the euro's appreciation, noting that "recent exchange rate volatility is a source of uncertainty", but his warning was probably milder than some may have expected.
The dollar stumbled near multi-year lows on Thursday following the USA treasury secretary's comments that he welcomed a weaker greenback, while attention turned to whether the European Central Bank can stomach a surging euro at its policy decision.
On a trade-weighted basis, the euro's rise is far less marked, however. The higher euro can become a headache for Europe as it can hurt its exporters and weigh on inflation, which is already worryingly low.
What matters at this time is that the euro is now at the $1.25 mark. Barclays bank have forecast the GBP/EUR rate to be nearer 1.17 by the end of the year and the high 1.20s against the US Dollar.
Lessons from the Federal Reserve (Fed) - When the Fed stopped asset purchases in 2015, the global economy was lackluster, the US dollar was strong, and inflation was subdued.
Regarding its quantitative easing program, the central bank reiterated the EUR30 billion-a-month bond-buying program is meant to run until the end of September or "beyond if necessary".
The European Central Bank has left its interest rates and policy statement unchanged amid predictions that it will soon start signaling an exit from its extraordinary stimulus efforts.
Mario Draghi says the euro region is firing on all cylinders, and he's not about to get in the way.
Analysts said that Draghi not talking down the euro, as well as positive comments on the economy, sparked a sell-off in government bonds.
In his comments on Thursday, Draghi cited the repeated joint statements by worldwide finance officials in which they commit to refrain from lowering their currencies' exchange rates to gain trade advantage at the expense of other countries.
He said "that an ample degree of accommodation is necessary to help price pressures build up" adding that "there are very few chances that interest rates would be raised this year".
What's new in economic data? Business confidence also moved higher, as Ifo Business Climate improved to 117.6, up from 117.1 in the previous release.
Suu Kyi and Duterte met in New Delhi this week at a summit of Southeast Asian leaders on the 25th anniversary of ASEAN-India ties. Attempts by others to intervene could be tantamount to contempt of court, the deputy minister said.
It's both a popular ski resort and the location for the World Economic Forum, which Trump is attending during January 25 and 26. The Good Morning Britain host and Mail Online editor-at-large is said to be "ecstatic" with the get, according to the Mirror .
Secretary of Commerce, in the West Wing Lobby on Thursday, March 16, 2017, upon the Prime Minister's arrival to the White House. Those negotiations are the basis of a new legislative framework that the White House has assembled and will release on Monday.
Joe Kennedy III greets a well-wisher during ceremonies on the 100th anniversary of the birth of his great-uncle, President John F. Congressman Joe Kennedy III of MA will deliver the lead response, party leaders announced Friday.
Bhansali's last discharge Bajirao Mastani had made an opening-day accumulation of Rs 12.80 crore net at the Indian film industry. This movie will be shot in Rajasthan and Mumbai and the society themselves will bear the cost of production of the film.
Officials said the casualty number could rise since the attack happened during lunchtime when many people were in the street. The force of the blast shattered windows of surrounding buildings while causing few low-rise structures to collapse.
KFC CMO Andrea Zahumensky told Business Insider that the Smoky Mountain BBQ colonel would be the chain's " most loved" yet. McEntire will star in a few ads between now and April. "I swear I'm not a famous woman".
Prior to Thursday's museum visit, Melania Trump had only been heard from on her social media channels this month. Trump concluded her tour at the Hall of Remembrance and participated in a moment of silence.
Delrio said that investment in rail safety and security in Italy had risen 34=% in the last three years. Debruto told Sky TG24 that it wasn't clear "if that was the cause or the result" of the derailment.
The internet services on mobile phones and data cards were suspended on Thursday as part of the security drill of Republic Day. Separatists had called for a shutdown across the Valley to attract worldwide attention to the Kashmir dispute.
Zidane conceded their Champions League last 16 tie against PSG in two weeks time is now a defining game in his managerial tenure. But this season the club are struggling domestically with only ten wins from their 19 league matches so far.
Meanwhile, the mum has revealed that she has already started to bling up the wardrobe of her newborn daughter, Chicago West . Elsewhere in her post , Kim said surrogacy wasn't an "easy way out" of being pregnant herself.
Smart's injury had been a mystery prior to his message Friday. "I love y'all and I truly appreciate all the support". Smart is averaging 10 points and a career-high 4.7 assists this season, his fourth in Boston .
Advancing issues outnumbered declining ones on the NYSE by a 1.20-to-1 ratio; on Nasdaq, a 1.54-to-1 ratio favored advancers. The greenback clawed back some of the losses after President Donald Trump said he ultimately wants the dollar to be strong.
President Donald Trump has arrived in Switzerland to tout his "America First" policies at the World Economic Forum. Ghassan Hasbani, the deputy prime minister of Lebanon, applauded Trump's willingness to engage the Middle East.
Hillary's husband, former President Bill Clinton, has a history of sexual misconduct, including credible rape allegations. Clinton said she was "shocked and appalled" by the revelations involving Weinstein, whom she had known for decades.
Catalonia's newly-elected parliament speaker nominated him on Monday as the sole candidate to be the regional president again. This is how rule of law works: both State Council and Constitutional Court and Government must fulfil ir role.
The agency notes this prize is in addition to total DOE funding of up to $400 million for solar projects and technologies in 2017. Suniva and SolarWorld requested tariffs of 24 cents/watt on solar cells and 32 cents/watt on modules.
In need of infield help with spring training fast approaching, the New York Mets have turned to a familiar face. The person spoke on condition of anonymity Thursday because the agreement was subject to a successful physical.
Some panellists were concerned that not all the harmful or potentially harmful chemicals in iQOS were lower than in cigarettes. By using heat instead of flame, Philip Morris claims, IQOS eradicates 90 to 95 percent of toxic compounds in cigarette smoke.
First, the mosquitoes were exposed to a variety of scents, taken from a variety of humans as well as rats and chickens. But there is evidence that they can change their preferences, which led scientists to wonder what caused these shifts.
Both Gronkowski and Wise are listed as "Out" for Friday on the Pats' official injury report , but that's no surprise. With the extra week off before the Super Bowl against the Philadelphia Eagles , however, there is still time.
This will allow customers who can not have a dish or do not want one to still watch Sky programming, a spokesperson confirmed. The UK broadcaster said the forthcoming option was "major development" and would allow the company to enter new markets.
Prior to his time at Amazon he served as the content vice president for book retailer Barnes & Noble's Nook ebook reader division. The revamped app in testing includes a new section called Reading Now and a dedicated tab for audio books, the people said.