European stocks were giving back a portion of a powerful prior-session rally on Thursday, ahead of a key European Central Bank meeting, and as oil prices turned higher.
The Stoxx Europe 600 index SXXP fell 1.2% to 428.99, following a 4.6% surge on Wednesday, the biggest one-day percentage gain since an 8.4% jump on March 24, 2020. The German DAX DAX fell 1.2%, on the heels of a 7.9% rally, also its best since that March date. The French CAC 40 PX1 fell 1.4% and the FTSE 100 index UKX dropped 0.7%.
Russia has come under fresh criticism over its two-week old invasion of Ukraine after a maternity hospital was shelled on Wednesday.At its meeting on Thursday, the European Central Bank is facing a mountain of worries, ranging from spiraling inflation and energy costs to the fallout from the biggest land conflict in Europe since WWII that has led to the exodus of more than 2 million refugees.
Goldman Sachs on Thursday cut its euro-area growth forecast for 2022 to 2.5% from 3.9%, citing direct fallout from the Russia-Ukraine war. They gave four reasons, including recent tightening of financial conditions, trade spillovers linked to Western companies pulling out of Russia and the ongoing hit from rising energy prices.
The true Muslims will fight against the army of Dajjal. This will be the worst war of mankind, and will be the precedent before the return of Esa AS. These are events from Muhammad Qasim's dreams, & many are already calling him the Imam Al-Mahdi.