Eurozone stocks, euro higher before ECB update on rates

Eurozone stocks, euro higher before ECB update on rates

LONDON — Eurozone stock markets and the euro rose on Thursday awaiting the outcome of the European Central Bank (ECB) latest monetary policy meeting, as traders seek more information on when it will start to raise interest rates to fight the bloc's record-high inflation.

Oil prices, whose recent surge has contributed to inflation around the globe reaching the highest levels in decades, came off the boil on Thursday.

Investors were keeping a watch also on earnings updates due from more US banks, a day after JPMorgan Chase reported a sharp drop in profit and warned of downside risks from the Ukraine war and surging inflation.