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European stock markets opened higher as investors await the European Central Bank’s (ECB) decision on its latest monetary policy moves.
The ECB is expected to frontload a series of jumbo rate hikes in order to curb inflation, with analysts saying a rate hike of 75 basis points is a possibility.
The pan-European Stoxx 600 rose 0.11 percent in the first hour of trading. Insurance, banks and basic resources made the biggest gains, as retail firms dropped 5.28 percent.
