Global markets rose Thursday after Wall Street barreled to records Wednesday as the frenzy around artificial-intelligence technology keeps sending stocks higher.

European markets opened higher as investors awaited a decision by the European Central Bank. It is expected to cut its key interest rate from a record high of 4% later in the day. France's CAC 40 rose 0.3% to 8,032.86, and Germany's DAX surged 1% to 18,758.43. Britain's FTSE 100 edged up 0.2% to 8,259.40.