European markets are giving up a lot of the gains they made on Wednesday.
Stock markets in Asia are also down on inflation figures from Japan that show producer price inflation falling to six-year lows.
The main event in the UK on Thursday is the Monetary Policy Committee decision on interest rates.
Although a rate rise in itself is very unlikely, traders will be watching for how the nine members will vote.
Here’s the European share market scoreboard:
UK’s FTSE: -1.02%
Germany’s DAX: -0.71%
France’s CAC40: -0.96%
Spain’s IBEX: -1.19%
And this is what’s happened to the Euro Stoxx 50, which is an index of Europe’s biggest publicly listed companies. It’s currently down 1.09%, more or less back to where it started before Wednesday’s surge:
Business Insider Emails & Alerts
Site highlights each day to your inbox.