European shares rose on Thursday, as traders reacted to a busy morning of earnings reports and awaited the European Central Bank’s policy decision after the U.S. Federal Reserve hiked interest rates as expected.
The pan-European STOXX 600 index .STOXX rose 0.4% by 0713 GMT, following a rally in Asian stocks on optimism the U.S. monetary tightening cycle was over after the Fed on Wednesday raised rates by 25 bps to the 5.25%-5.50% range.
The ECB is expected to raise interest rates for the ninth time in a row later on Thursday and keep the door open to further moves. The decision is due at 1215 GMT.
Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.
