FX.co ★ European Stocks Edge Up, ECB Awaited

European stocks experienced a modest increase on Thursday, with the STOXX 50 rising by 0.1% and the STOXX 600 gaining 0.2%, as investors anticipated significant developments later in the day. The European Central Bank (ECB) is anticipated to maintain current borrowing costs, yet market participants will be keenly observing any indications concerning the economic outlook for the remainder of the year, as well as reviewing new macroeconomic forecasts. Concurrently, the forthcoming U.S. Consumer Price Index (CPI) report is expected to provide further insight into tariff-driven inflationary pressures, although it is unlikely to shift market expectations that the Federal Reserve will reduce interest rates in the upcoming week. On the corporate scene, Inditex saw an increase of 1.1% following robust earnings disclosed the previous day, whereas SAP and ASML Holding registered declines of 0.4% and 0.3%, respectively.