India, June 11 -- European stocks edged higher on Thursday as investors kept a close eye on escalating Middle East tensions and awaited the European Central Bank's (ECB) rate decision for direction.
To address rising inflationary pressures, the ECB is likely to raise its deposit facility rate by 25 bps to 2.25 percent and the main refinancing rate by 25 bps to 2.40 percent.
ECB Chief Christine Lagarde will hold the customary press conference to discuss the policy decision and address market questions at 8.45 am ET.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....