Europe Markets: Italian stocks lead Europe lower as populist parties seek to form government

European stocks broke a four-day winning run on Thursday, with Italian shares dragging the benchmark index lower as euroskeptic parties moved closer to form a coalition government.

Several European markets were closed for Ascension Day, including Switzerland, Austria, the Nordics and Greece.

In the U.K., stocks moved higher as the pound dropped after the Bank of England kept rates on hold and lowered its inflation and economic growth forecasts at “Super Thursday.”

What are markets doing?

The Stoxx Europe 600 index SXXP, -0.12% fell 0.1% to 391.97, after closing at its highest level since Feb. 1 on Wednesday.

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