European shares edge higher ahead of ECB rate decision

(Reuters) - European shares crawled higher on Thursday even as investors maintained a cautious stance ahead of the European Central Bank's rate ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - European shares crawled higher on Thursday even as investors maintained a cautious stance ahead of the European Central Bank's rate decision where it is likely to raise interest rates for the tenth consecutive time.

Analysts and investors had been leaning towards a pause in the ECB's rate hike until Reuters reported on Tuesday that the central bank was set to raise its forecast for inflation next year to more than 3%, bolstering the argument for an increase. Shares of Deliveroo rose 6.7% after activist-investor Sachem Capital in a report said they believe the food delivery company could become a takeover target.

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