The pan-European Stoxx 600 was little changed from the previous session with sectors and major bourses pointing in opposite directions.
European Markets: FTSE, GDAXI, FCHI, IBEX
Attention will now turn to Mario Draghi’s statement, with particular focus on inflation and growth projections.
Looking at other stocks on the move, Britain’s Antofagasta surged toward the top of the European benchmark during mid-morning deals. It comes after Exane BNP Paribas raised its stock recommendation to “outperform” Thursday morning, prompting shares of the London-listed stock to rise 4 percent.
Meanwhile, Germany’s Metro slumped to the bottom of the index after the company reported persistently challenging business conditions in Russia. Shares of the wholesale tumbled more than 7 percent on the news.
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On Wednesday, Reuters reported Chinese state-owned companies had bought more than 1.5 million tons of U.S. soybeans. It was the first major U.S. soybean purchases in more than six months, and the most clear sign to date that China is making good progress on pledges at the start of the month.
In Asia, MSCI-s broadest index of Asia-Pacific shares, excluding Japan, rose more than 1 percent on Thursday.
Back in Europe, sterling pared some its gains after rallying up from 20-month lows in the previous session. It comes after British Prime Minister Theresa May survived a party no-confidence vote.
The U.K. currency was up around 0.20 percent to trade at $1.2655 against the U.S. dollar at around 1:00 p.m. London time.
Meanwhile, investors are likely to closely monitor a series of interest rate announcements on Thursday. Norway’s central bank left its main interest rate unchanged, as expected, while the Swiss National Bank said there was no reason at all to change their expansive monetary policy.
The European Central Bank (ECB) gives its latest update on euro area monetary policy later in the session.