European stocks close higher, dollar rises, Bitcoin falls to $95,000: What will move markets on Thursday? – Grayscale Bitcoin Mini Trust (BTC) Common Unit of Fractional Undivided Beneficial Interest (ARCA:BTC)

European stocks rallied on Thursday, ending a three-day losing streak as U.S. markets took a break for Thanksgiving. A weaker-than-expected German consumer inflation report reignited optimism for more aggressive interest rate cuts from the European Central Bank (ECB).

Germany's annual inflation rate rose slightly, rising from 2.0% in October to 2.2% in November, but slightly below market expectations. 2.3%. Germany's consumer price index (CPI) fell by 0.2% on a monthly basis, the biggest decline in a year. The unexpected contraction in the monthly CPI increased speculation that the ECB could accelerate monetary easing to support regional economies.

European stocks rise

The Euro STOXX 50 Index, the main index of 50 blue-chip stocks in the euro zone, was 0.00, supported by gains in industrial and energy stocks. It closed up 5%. The biggest winners are:

• Airbus SE Agee: +4.2%
• RWE AG Luwiyi: +2.7%
• ASML Holding NV ASML: +2.3%

Dollar rebounds, yen falls after Wednesday's rally

Meanwhile, the euro fell 0.2% to trade at $1.0550 against the US dollar. A currency-weighted measure of the dollar – tracked by. Invesco DB USD Index Bullish Fund ETF UUP – also rose by 0.2%.

The yen was the worst performer among major currencies, falling 0.3% after rising 1.3% on Wednesday.

Commodities: Gold shines, oil feels volatile

Commodities were mixed in trading Thursday.

• Gold futures rose 0.2%, on track to rise for the sixth time in the past seven trading days.
• Natural gas futures rose 2.3%, recovering some from Wednesday's 8.5% decline. So far in November, natural gas prices are up 20%.
• Oil prices traded volatile, initially rising after reports that the Israeli military cited violations of a ceasefire agreement between Israel and Hezbollah. However, as tensions eased, oil prices rose and remained flat.

Cryptocurrencies struggle to maintain momentum

Cryptocurrencies recently experienced a pullback after a rally.

• Bitcoin BTC/USD The stock fell 0.9% to about $95,000, failing to maintain momentum from Wednesday's 4.6% rise.
• Ethereum ETH/USD The stock fell 3%, erasing some of the previous day's 10% rise. The decline highlighted a decline in appetite for risk-on assets in the cryptocurrency space.

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