Shares in Europe and Asia saw a positive trend on Thursday, following a recovery in Wall Street stocks from the previous day's sharp decline. However, oil prices experienced a decline. Most major markets, except for Seoul which saw a decline, observed an increase in benchmarks, as mainland Chinese markets remained closed for the Lunar New Year holiday.
Japan reported a contraction in its economy, with a decline of 0.4% on an annual rate in the last quarter of 2023. This marked the second consecutive quarter of contraction after a 2.9% decline in July-September. Similarly, Britain entered a technical recession in the October-December period, with its economy contracting by 0.3% compared to the previous quarter.
