European Shares Edge Higher ahead of European Central Bank’s Rate Decision

European shares inched higher on Thursday, with investors cautious ahead of the European Central Bank's rate decision where it is likely to raise interest rates for a tenth consecutive time.

Markets are now pricing in a 65% chance of a 25-basis-point hike that could take Europe's key interest rate to a record peak.

The pan-European STOXX 600 (.STOXX) inched 0.1% higher, supported by healthcare and commodity-linked stocks. Shares of Deliveroo (ROO.L) rose 6.7%.

THG (THG.L) slumped nearly 10% after the British e-commerce firm forecast its annual revenue from continuing operations to come in flat or drop up to 5%.

Source: Qatar News Agency