European stocks edge up before ECB decision
European stocks rose slightly today, Thursday, following the largest sell-off in two months recorded in the previous session. Investors are awaiting the European Central Bank's decision on interest rates and comments from ECB President Christine Lagarde regarding the impact of rising oil prices on inflation. The increase comes after the "Stoxx 600" index declined by 1.4% in the previous session, with oil prices remaining above $100 per barrel, supported by escalating attacks on ships between Iran and the United States. This situation heightens inflation concerns and supports expectations of tightening monetary policies, with a forecast of a 25 basis point rate hike by the European Central Bank.
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