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Read more: Global Market: Samsung, SK Hynix payouts put South Korea’s corporate reform to the test The pan-European STOXX 600 index was up 0.1% at 641.23 points as of 0708 GMT. Germany's DAX was broadly flat, while London's FTSE 100 gained 0.1% and France's CAC 40 advanced 0.3%. European stocks tumbled 1.4% in the previous session after Brent crude prices climbed above $100 a barrel for the first time since July. The surge in oil prices heightened concerns over inflation and strengthened expectations that central banks could be forced to maintain restrictive monetary policy for longer. Read more: Global Market: South Korean stocks fall over 1% as Middle East tensions weigh on risk sentiment Brent crude remained above the $100-a-barrel threshold on Thursday after Iran and the United States launched their largest wave of attacks on shipping since the conflict began six months ago, adding to concerns over energy supplies and inflation. The ECB is widely expected to raise its benchmark interest rate by 25 basis points later on Thursday. Investors will closely monitor Lagarde's assessment of the inflation outlook, particularly the potential impact of higher energy prices, Reuters reported. The ECB decision marks the start of a busy period for global central banks, with the U.S. Federal Reserve and the Bank of Japan scheduled to announce their policy decisions next week. In individual stocks, Associated British Foods fell 8.6% after the company said like-for-like sales at its Primark retail business were expected to decline 3% in its fourth-quarter period ending September 12. The weakness in European equities comes as investors weigh the prospect of prolonged monetary policy tightening against the resilience of corporate earnings and economic activity. Higher energy costs remain a key risk to the outlook, particularly if elevated oil prices persist. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times.) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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