This is CNBC's live blog covering European markets.

European markets fell moderately on Thursday as investors digested more comments from U.S. Federal Reserve Chairman Jerome Powell. 

The pan-European Stoxx 600 index provisionally closed 0.19% lower. Mining stocks posted the biggest decline, down 2.68%, while food and beverages bucked the trend by gaining 0.58%.

Powell reiterated his warning message to lawmakers that the central bank may raise interest rates higher than previously anticipated. However, he said he hasn't made up his mind about what the central bank will do regarding interest rates when it meets later in March.

U.S. stocks were higher in morning trade as investors awaited a key employment report likely to influence Fed decision-making.

Asia-Pacific shares were mixed as the Bank of Japan kicked off its two-day monetary policy meeting, with investors looking out for any policy changes that could accompany BOJ governor Haruhiko Kuroda's final meeting.

European stocks close lower

Europe's Stoxx 600 index provisionally closed 0.19% lower Thursday even as global markets were tentatively more upbeat.

The U.K.'s FTSE 100 fell 0.63% as banking and mining stocks suffered. France's CAC 40 declined 0.12% while Germany's DAX was flat in the previous session.

— Jenni Reid

U.S. stocks rise

U.S. stocks were higher in morning trade as investors prepared for the release of key employment data.

The Dow Jones Industrial Average gained 150 points, or 0.46%, attempting to snap a two-day losing streak. The S&P 500 and Nasdaq Composite added 0.4% and about 0.6%, respectively.

‘Higher for longer’ interest rates are probably the right call for the short term, strategist says

Grace Peters, managing director and head of investment strategy for EMEA at J.P. Morgan Private Bank, discusses future rate hikes from the Federal Reserve.

Don’t expect the EU to win big concessions on the IRA, Amundi Institute says

Anna Rosenberg of the Amundi Institute says "ultimately, the EU cannot match the [U.S. Inflation Reduction Act.]"

UK retail investors seem slightly more confident, analyst says

Emma Wall, head of investment analysis and research at Hargreaves Lansdown, discusses the U.K. stock market ahead of the spring budget.

Dutch government presses ahead with semiconductor export restrictions

The Dutch government is pressing ahead with export restrictions on "advanced" semiconductor manufacturing equipment following political pressure from the United States.

The small European nation of the Netherlands is home to ASML, one of the world's top manufacturers of machines that make semiconductors, and has now become embroiled in tensions between the United States and China.

"Given the technological developments and the geopolitical context, the [Dutch] government has come to the conclusion that the existing export control framework for specific equipment used for the manufacture of semiconductors needs to be expanded, in the interests of national and international security," the country's Foreign Trade Minister Liesje Schreinemacher said in a letter to parliament Wednesday.

The full story can be found here.

Fashion house Hugo Boss warns of sales slowdown

Luxury fashion house Hugo Boss on Thursday said it expects sales to slow to "a mid single-digit percentage rate" this year amid "ongoing macroeconomic and geopolitical uncertainties."

Sales jumped by 27% to top 3 billion euros (£2.67 billion) for the first time, coming in at 3.65 billion euros for 2022.

The group expects its operating profit to rise by 5-12% in 2023, compared with the 47% jump seen in 2022. Hugo Boss sees capital expenditure reaching between 200 million euros and 250 million euros in 2023, versus 191 million euros last year.

Daniel Grieder, who assumed leadership of the company in June 2021, has led a rebranding of the fashion house that now focuses its Hugo and Boss collections on the Millennial and Gen-Z client base, respectively. The company launched its first-ever line of non-fungible tokens in October.

— Ruxandra Iordache

Stocks on the move: Dassault up 10%, LEG Immobilien down 10%

Shares of Dassault Aviation were up 9.9% in early trade after the French company posted positive annual results.

Dassault's adjusted net income was up almost 20% from the previous year, from 693 million euros ($731 million) to 830 million.

The company expects lower sales overall in 2023 as the aviation industry continues to be affected by supply chain issues.

LEG Immobilien fell to the bottom of the blue-chip index in early trade after shares dropped 9.8% on news the company would be suspending its dividend.

The German property company made the announcement as it released its full-year results.

The dividend money will instead be used to strengthen the company's balance sheet, the company said.

— Hannah Ward-Glenton

European equity markets open lower

The pan-European Stoxx index was down 0.2% in early trade with most sectors and major bourses trading in negative territory.

Mining stocks made the biggest losses with a drop of 1.1%, while food and beverages led modest gains, up 0.2%.

— Hannah Ward-Glenton

Credit Suisse to delay its 2022 annual report after a 'late call' from the SEC

Credit Suisse on Thursday announced that it will delay the publication of its 2022 annual report after a late call from the U.S. Securities and Exchange Commission on Wednesday night.

The report was scheduled for publication on Thursday morning, but the embattled Swiss lender said it had received a call related to SEC comments about the "technical assessment of previously disclosed revisions to the consolidated cash flow statements in the years ended December 31, 2020, and 2019, as well as related controls."

"Management believes it is prudent to briefly delay the publication of its accounts in order to understand more thoroughly the comments received. We confirm the 2022 financial results as previously released on February 9, 2023, are not impacted by the above," Credit Suisse said.

Credit Suisse shares closed Wednesday's trade at around 2.68 Swiss francs per share, down 3.22% since the start of the year, and are expected to fall further at market open on Thursday.

Read the full story here.

— Elliot Smith

CNBC Pro: Bonds yields are soaring. But this strategist says she's still a fan of these 'compelling' stocks

Higher bond yields are usually bad news for stock investors. But that's not the case for these stocks, given their innovative business models, strategist Amy Kong says.

"We continue to be constructive on stocks relative to bonds and cash but recognize risks have escalated," Kong, who is chief investment officer at CI Barrett Private Wealth, told CNBC's "Street Signs Asia" on Wednesday.

Pro subscribers can read more here.

— Zavier Ong

CNBC Pro: Investors share strategies to beat interest rate fears — including one that trumped the 60/40 model

Markets are jittery now that fears that interest rates will stay higher for longer have been reignited.

Stocks tumbled on Tuesday and the 2-year Treasury yield jumped to its highest level since 2007 as Federal Reserve Chair Jerome Powell suggested that rates may need to go higher for longer.

How should investors trade in such an uncertain market? Here's what BlackRock and other pros say.

CNBC Pro subscribers can read more here.

— Weizhen Tan

European markets: Here are the opening calls

European markets are set to start the new trading week in mixed territory Monday.

The U.K.'s FTSE 100 index is expected to be flat at 7,331, Germany's DAX 10 points higher at 14,773, France's CAC down 2 points at 6,924 and Italy's FTSE MIB down 59 points at 24,928, according to data from IG.

On the data front, euro zone trade balance figures for January are set to be released.

— Holly Ellyatt