European Markets Open Higher Ahead of ECB's Interest Rate Decision

European stock market indices showed an upward trend on Thursday, driven by anticipation surrounding the European Central Bank's (ECB) forthcoming interest rate decision. This event is scheduled later in the day and is expected to significantly influence market dynamics.

In the previous day, the United States reported a marginal increase in its annual inflation rate compared to the previous month. This news contributed to new highs on Wall Street, setting a positive tone for global markets.

Key market indicators in Europe include:

• The DAX increased by 0.06%, with Zalando SE expanding by 0.63%.
• The FTSE 100 gained 0.21%, with Glencore PLC rising by 1.74%.
• The CAC 40 climbed by 0.43%, as Societe Generale SA advanced by 1.70%.
• The Eurostoxx 50 rose by 0.27%, with Hermes International SA mounting by 1.37%.

Currency markets also reflected positive sentiment, with the euro growing by 0.24% against the dollar to trade at $1.05166. Meanwhile, the pound sterling increased by 0.12% against the US currency, changing hands for $1.27623.