Despite spending much of the day's session in the red, the Switzerland market closed on a firm note on Thursday as stocks climbed higher on strong buying support past mid afternoon. Data showing an acceleration in the nation's GDP growth aided sentiment.

European stocks closed higher on Thursday as the latest batch of economic data from the U.S. helped ease concerns about the outlook for Fed interest rates. Stocks also found support thanks to some bargain hunting after recent losses.

The U.S. dollar declined against its major counterparts in the New York session on Thursday, as economic growth slowed more than previously estimated in the first quarter and jobless claims edged up last week, raising expectations for an interest rate cut in the near future.

The Canadian market is up firmly in positive territory Thursday morning amid slightly easing concerns about the outlook for interest rates after data showed a slowdown in U.S. economic growth in the first quarter and an increase in jobless claims last week.

The Energy Information Administration released a report on Thursday showing U.S. crude oil inventories tumbled by much more than expected in the week ended May 24th.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: OPEC+ meeting could switch oil regime

The commodity market, struggling to maintain its upward momentum, frequently slips into sell-offs. On Thursday, the price of Brent crude oil fell to 83.60 USD per barrel.

Higher Treasury yields contribute to stock indices’ retreat. Euro under pressure as the pound benefits from the election. Gold fails to benefit from risk-off while oil drops ahead of OPEC meeting

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market infected with correction

Gold and silver prices fell Thursday amid inflation concerns. Despite recent declines, analysts foresee their strengthening in the coming year.