In European Equity Markets stocks fell back on Thursday as energy and banking stocks dragged broader indices, while retail was a bright spot after an upbeat set of results from Britain’s Next. The pan-European STOXX 600 slid 0.3 percent as cyclical sectors weighed, while euro zone blue chips fell 0.6 percent. Britain’s FTSE 100 fell 0.2 percent as investors awaited the Bank of England’s monetary policy decision. Energy stocks fell 0.9 percent, weighed by Finnish refiner Neste which fell 7.4 percent after second quarter profit missed expectations. German industrial giant Siemens fell 3.1 percent to the bottom of the DAX after it delayed its healthcare IPO and earnings missed estimates. Credit Agricole shares fell 0.5 percent despite the bank’s profits beating estimates.

In Currency Markets the dollar fell against the yen, euro and Swiss franc on Thursday after weaker-than-expected U.S. services sector data worried investors ahead of jobs data and stoked doubts that the Federal Reserve would raise interest rates again in 2017. The dollar’s losses against the yen reached 0.7 percent on the day after the data, with the greenback touching a session low of 109.96 yen. The euro rose modestly against the dollar and hit a session high of $1.1892. Sterling lost as much as 0.8 percent against the dollar to $1.3113 after the Bank of England kept interest rates at a record low on Thursday. The index was last down 0.1 percent at 92.733, holding above a 15-month low touched on Wednesday of 92.548.

In Commodities Markets oil prices rose on Thursday, with signs of a tightening U.S. market spurring cautious buying by investors despite high crude supplies from producer club OPEC. Benchmark Brent crude was up 43 cents at $52.79 a barrel. U.S. light crude was 20 cents higher at $49.79.  The U.S. Energy Information Administration reported record gasoline demand of 9.84 million barrels per day (bpd) for last week and a fall in commercial crude inventories of 1.5 million barrels to 481.9 million barrels. Spot gold was 0.1 percent higher at $1,267.30 per ounce after touching $1,258.20 earlier, its lowest in almost a week. Silver rose 0.5 percent to $16.64 per ounce after hitting its lowest in more than a week earlier in the day.

In US Equity Markets the S&P 500 and the Nasdaq lost ground in late morning trading on Thursday as tech stocks fell, while the Dow moved above the 22,000 mark to hit a new record. The Dow Jones Industrial Average was up 0.06 percent, at 22,029.08, the S&P 500 was down 0.13 percent, at 2,474.31 and the Nasdaq Composite was down 0.16 percent, at 6,352.57. Six of the 11 major S&P sectors were lower, with the energy index’s 0.70 percent fall leading the decliners. U.S.-listed shares of Israeli drugs company Teva fell 18.08 percent after it reported a steeper-than-expected decrease in second-quarter earnings and cut its interim dividend. Yum Brands fell 1.17 percent, while Dish Network lost 1.75 percent after releasing their earning reports.

In Bond Markets U.S. Treasury yields fell to more than one-week lows on Thursday after the Bank of England kept interest rates at a record low and downgraded its economic and inflation forecasts, raising concerns about global economic growth. Benchmark U.S. 10-year notes gained 5/32 in price to yield 2.24 percent, down from 2.26 percent late on Wednesday. The yield on Germany’s 10-year bond hit a one-month low of 0.46 percent, down 3 basis points on the day. Most other euro zone bond yields were also down 3-4 bps on the day.