European shares hit fresh one-year peak ahead of ECB decision

  • Reuters
  • Stock Market News
European shares hit fresh one-year peak ahead of ECB decision
Credit: © Reuters.

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March 11 (Reuters) - European stocks hit a one-year high on Thursday as worries about a spike in inflation eased, while investors awaited the European Central Bank's comments on a recent rise in bond yields.

The pan-European STOXX 600 index .STOXX rose 0.3% by 0809 GMT, up for a fourth straight session as Wall Street stocks rallied overnight on tame inflation data and as U.S. Congress approved one of the largest economic stimulus measures in history. .N

Mining .SXPP , retail .SX8P and technology stocks .SX8P were among the top gainers in Europe, rising between 1% and 1.7%.

The ECB policy decision is due at 1245 GMT where policymakers will be keen to calm markets by signalling faster money printing to keep a lid on borrowing costs and recommit to rock-bottom rates until well into the recovery. zone stocks .STOXXE gained 0.5% to hit their highest level in over 13 years.

Rolls-Royce RR.L inched up 3.1% as the British engine-maker stuck to its forecast to burn through less cash this year after posting a worse-than-expected 2020 loss. fashion house Hugo Boss AG BOSSn.DE fell 4.2% after saying it expects coronavirus restrictions to keep weighing on its business in the first quarter.

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