Global stock markets are broadly lower Thursday as ongoing trade tensions, poor industrial data out of Germany, and an upcoming policy announcement from the Bank of England influence stocks.

Moves so far are small, with Europe's biggest faller on the day losing just 0.3% as of 9.15 a.m. in London (4.15 a.m. in New York), just over an hour after markets opened.

Markets in Asia largely remain closed after the Chinese New Year. Chinese, Hong Kong, and Taiwan stocks are all still closed.

Global stock markets are broadly lower Thursday as ongoing trade tensions, poor industrial data out of Germany, and an upcoming policy announcement from the Bank of England influence stocks ahead of the weekend.

While markets in Asia largely remain closed after the Chinese New Year, virtually all European stock markets have lost at least some ground Thursday, while futures markets point to falls for all three major US stock indexes later in the day.

Moves so far are small, with Europe's biggest faller on the day losing just 0.3% as of 9.15 a.m. GMT (4.15 a.m. ET), just over an hour after markets opened.

Here's how things look