The DAX in Frankfurt saw little movement on Thursday, trading near the flatline around 23,640, as investors awaited the ECB's monetary policy decision and a key US inflation report due later in the day. With the European Central Bank expected to keep rates on hold, the spotlight will be on updated macroeconomic projections for the eurozone and the broader global economy. Meanwhile, US inflation likely ticked higher last month as the Trump administration’s import taxes lifted the price of goods, but the data are unlikely to shift expectations of a Fed rate cut next week. On equities, top advancers included Heidelberg Materials and Bayer, up 1.7% and 1.1%, respectively. Among losers, Siemens Energy, Daimler Truck and Qiagen NV posted the biggest declines, around 1% each.