European Stocks Bounce Back Amid Rate Hike Fears

European stocks rebounded on Thursday after a significant decline on Wednesday, as investors prepared for the European Central Bank's (ECB) expected interest rate hike.

The anticipation of the rate hike comes amidst concerns over inflation trends and oil prices. Brent crude surpassed $100 per barrel, fueling worries about continued restrictive monetary policy from central banks.

The ECB is set to raise rates by 25 basis points in light of ongoing inflation concerns. This move is expected to have a ripple effect on other markets, particularly the US Federal Reserve's interest rate decisions.