India, Jan. 30 -- European shares were moving higher on Thursday ahead of an expected interest-rate cut by the European Central Bank (ECB) later in the day.
The ECB is expected to deliver a 25-basis points rate cut and signal further easing this year despite euro zone inflation ticking upwards over the past few months.
The euro zone GDP, unemployment, economic sentiment and consumer confidence figures may garner attention as the session progresses.
Official data revealed earlier in the day that the French economy contracted for the first time in nearly two years in the fourth quarter.
Gross domestic product shrank 0.1 percent sequentially after expanding 0.4 percent in the third quarter, according to first estimate from the statistical ...