European index futures tick higher: Euro Stoxx 50 futures +0.24%, DAX futures +0.15%, UK FTSE futures +0.22%.

Fidelity International euro-area economist Conor Parle said the ECB raised rates as expected to what Fidelity views as the top end of the neutral range and left the door open to further hikes to bring policy into mildly restrictive territory. Parle said recent resilient macro data strengthens the case for acting before above-target inflation becomes entrenched. He flagged German fiscal stimulus as growth-supportive but warned rising gas and fuel prices pose upside risks to inflation and will keep the ECB vigilant for broadening price pressures.

US EIA gasoline inventories rose 1.269 mln barrels in the week to Sept. 4 versus a consensus forecast for a 1.373 mln-barrel draw; prior -1.173 mln barrels.