European markets opened higher on Thursday as investors eyed further earnings releases and awaited the latest monetary policy decision from the European Central Bank.
The regional Stoxx 600 index
rose 0.26% shortly after the market opened. Air France-KLM shares rose more than 16% after the airline group beat market expectations for full-year and fourth-quarter operating profits. Germany's Lufthansa rose 7% on its own annual results, which showed a decline in annual profit but also slightly above consensus.
DHL Group, listed as Deutsche Post, jumped 9% after announcing a 1 billion euro cost-cutting plan that will result in 8,000 job cuts and an increased share buyback program.
Regional markets will be watching policymakers' comments on the region's economic and inflation outlook in light of potential trade tariffs imposed on the EU by the Trump administration.
Meanwhile, European leaders are meeting in Brussels for a special defense summit as the region seeks to maintain its support for Ukraine, find common ground on how to end the war and how to retain U.S. support.
Expectations of higher defense spending across Europe have boosted the Stoxx Aerospace and Defense index by 34.4% this year. (Newsmaker23)
Source: CNBC
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