ECB rate decision at 1215 GMT
Spain39;s inflation eased to 2.4 in August
ECB39;s Christine Lagarde remarks due at 1245 GMT

Sept 12 Reuters European shares climbed 1 on Thursday, buoyed by strong performances among technology stocks, while investors awaited a policy decision from the European Central Bank later in the day where a rate cut is almost a certainty.

The panEuropean STOXX 600 index was up 1 at 513.1 points, and set for the best day in more than one month, if gains hold.

All regional bourses were trading north of 1.

Technology stocks chimed with a rally in their Asian peers, and jumped 2.5 to provide the biggest boost to the European benchmark index.

A Semafor report said the U.S. government is considering letting Nvidia export advanced chips to Saudi Arabia, causing the AIdarling to surge 8.

Basic resources gained 2.3 after prices of base metals rose, buoyed by hopes of an interest rate reduction in the U.S. next week. 

All subsectors but one were trading in the green.

The European Central Bank ECB is set to convene at 1215 GMT, with widespread anticipation of a 25basispoint rate reduction.

All eyes will be on ECB President Christine Lagarde39;s remarks, due at 1245 GMT, as markets eagerly await confirmation on whether additional rate cuts are on the horizon for October and December.

A rate cut today is fully baked in. The focus of the market is going to be when is the next ECB rate cut? We39;re probably not going to get much guidance from that…