European shares recovered modestly on Thursday after their biggest selloff in two months, as investors awaited a widely forecast 25-basis-point interest rate hike from the European Central Bank (ECB) and comments from chief Christine Lagarde on oil prices and inflation. The pan-European STOXX 600 rose 0.1% to 641.23 points as of 0708 GMT. Germany’s DAX was flat, London’s FTSE gained 0.1% and France’s CAC 40 rose 0.3%. European stocks had fallen 1.4% in the previous session after Brent crude moved above $100 a barrel for the first time since July, heightening inflation concerns and expectations that central banks could keep monetary policy restrictive for longer. Brent remained above that level after Iran and the United States launched their largest wave of attacks on shipping since the six-month-old conflict began. The ECB decision was due later Thursday, followed by policy announcements from the U.S. Federal Reserve and the Bank of Japan the following week. Associated British Foods shares dropped 8.6% after the company said Primark’s like-for-like sales were expected to fall 3% in the fourth-quarter period ending September 12.