India, Jan. 30 -- European stocks closed higher on Thursday with investors reacting to a slew of earnings and economic data, and the European Central Bank's decision of a 25-basis point interest rate cut.
Markets also digested the Federal Reserve's decision to hold rates unchanged and its remarks about inflation and future interest rate moves.
The ECB cut its interest rates for a fourth policy session in a row as expected as euro area economy ground to a half in the final quarter of 2024 and inflationary pressures increased.
The Governing Council, led by ECB President Christine Lagarde, lowered the benchmark - the deposit rate - by 25 basis points to 2.75%.
The central bank for the single currency bloc has lowered interest rates in ever...