India, Jan. 30 -- German stocks are up in positive territory Thursday morning, lifting the market to fresh record highs ahead of the European Central Bank's monetary policy announcement due later in the day.

Investors are digesting some corporate updates and data showing a rise in the nation's import prices for the second consecutive month. Eurozone GDP data is due later in the day.

The ECB is widely expected to lower interest rates for the fifth consecutive time, and also likely to signal further easing in order to revive growth.

On Wednesday, the Federal Reserve left its key rates unchanged, and noted inflation remains "somewhat elevated" and reiterated its strong commitment to returning inflation to its 2% objective.

Notably, the Fed...