(Bloomberg) -- European stocks dipped and U.S. futures were mixed as sobering economic data deflated a spirited rally in global risk assets. Bitcoin tumbled 8%.Cyclical companies including banks and energy firms that had led the post-vaccine surge retreated while more defensive tech shares gained. That was mirrored by equity futures in the U.S., where contracts on the main gauge were flat while those on the tech-heavy Nasdaq 100 rose.Even with three successful vaccines on the table, sentiment turned cautious Thursday as the virus toll continued to rise in Europe and the U.S., leading German Chancellor Angela Merkel to call on Europe’s ski resorts to close this winter. The task of vaccinating the world’s population is rife with logistical problems, all while the virus gains ground and economic recoveries wobble.“Question marks still surround the speed of a global roll-out and the proportion of populations willing to be vaccinated,” Geir Lode, head of global equities at the international business of Federated Hermes, wrote in a note to clients. “These factors, combined with a second consecutive week of rising jobless claims in the U.S, appear to have brought the rotation into value and back-to-work stocks grinding to a halt for now.”Meanwhile, Treasury futures edged higher as the cash market is closed, with traders off for Thanksgiving holiday in the U.S. A deluge of data on Wednesday brought the first back-to-back rise in weekly U.S. jobless claims since July and a widening trade deficit.Investors took some solace from the minutes out of the Federal Reserve’s latest meeting, which showed the central bank discussed at the Nov. 4-5 meeting providing more guidance on its bond-buying strategy “fairly soon” but didn’t see a need for immediate adjustments.West Texas Intermediate crude fell below $45 a barrel. In cryptocurrencies, Bitcoin and Ethereum plunged following their recent surge.Here are some key events coming up:U.S. celebrates the Thanksgiving holiday on Thursday. The stock market closes at 1 p.m. on Friday.The week ends with Black Friday, the traditional start of the U.S. holiday shopping season.Here are the main moves in markets:StocksFutures on the S&P 500 Index was unchanged as of 7:57 a.m. New York time.The Stoxx Europe 600 Index dipped 0.1%.The MSCI Asia Pacific Index gained 0.7%.The MSCI Emerging Market Index rose 0.8%.CurrenciesThe Bloomberg Dollar Spot Index increased 0.2%.The euro sank 0.2% to $1.1897.The British pound decreased 0.3% to $1.3346.The onshore yuan strengthened 0.1% to 6.575 per dollar.The Japanese yen strengthened 0.2% to 104.26 per dollar.BondsGermany’s 10-year yield declined two basis points to -0.58%.Japan’s 10-year yield gained one basis point to 0.026%.Britain’s 10-year yield declined two basis points to 0.297%.CommoditiesWest Texas Intermediate crude decreased 1.6% to $44.97 a barrel.Brent crude decreased 1.6% to $47.83 a barrel.Gold strengthened 0.3% to $1,813.07 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.