While European stock markets are on the rise, the markets are focused on the European Central Bank's interest rate decision.

Positive trends are being observed in European stock markets. The Stoxx Europe 600 index is up 0.7% at 503.4 points, Germany's DAX 40 index is up 0.7% at 19,203 points, and the UK's FTSE 100 index is up 0.2% at 8,111 points.

In Italy, the MIB 30 index is trading at 33,447 points with a gain of 0.4%, France's CAC 40 index is at 7,275 points with a gain of 0.6%, and Spain's IBEX 35 index is also up 0.7% at 11,665 points.

EYES ON THE ECB'S DECISION

While a buying trend continues in European stock markets, attention is focused on the statements to be made today by European Central Bank (ECB) President Christine Lagarde.

In the UK, the Consumer Price Index (CPI) for October increased by 0.6% month-on-month and 2.3% year-on-year, exceeding expectations.

In Germany, the Producer Price Index (PPI) for October recorded a monthly increase of 0.2%, surpassing forecasts, while it aligned with expectations with a year-on-year decrease of 1.1%.

As the flow of macroeconomic data in the region and the statements from ECB officials continue to be closely monitored, the pricing in the money markets sees the ECB's meeting in December as "certain" to result in a 25 basis point cut.