Most stock indices traded higher ahead of the ECB's interest rate decision on Thursday. The European Central Bank cut its interest rate to 0.15% from 0.25% in June.

Eurozone's gross domestic product increased 0.2% in the first quarter, in line with expectations, after a 0.2% gain the previous month. On a yearly basis, Eurozone's gross domestic product climbed 0.9% in the first quarter, in line with expectations, after a 0.9% rise the previous month.

The producer price index in the Eurozone declined 0.1% in May, missing expectations for a 0.1% gain, after a 0.1% decrease in April. On a yearly basis, Eurozone's producer price index fell 1.0% in May, in line with expectations, after a 1.2% decline in April.

The U.K. construction purchasing managers' index surged to 62.6 in June from 60.0 in May. Analysts had expected the index to fall to 59.7.

Current figures:

Name Price Change Change %

FTSE 100 6,823.11 +20.19 +0.30%

DAX 9,918.05 +15.64 +0.16%

CAC 40 4,459.48 -1.64 -0.04%