European stocks climbed on Thursday with investors awaiting an inflation print and minutes from the European Central Bank’s latest meeting, while shares of Basilea jumped following the U.S. regulatory approval for the drugmaker’s bacterial therapy.
The continent-wide STOXX 600 index (.STOXX), was up 0.2%, as of 0837 GMT, led by a 1.6% gain in the basic resources sector (.SXPP), as copper prices hit levels seen last in January 2023.
Top on traders radar is the currency union’s February producer prices data, due at 0900 GMT, with economists polled by Reuters expecting a 8.6% decline, unchanged from January.
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