June 11 (Reuters) - European shares ended higher on Thursday, snapping a four-day losing streak, as investors shrugged off U.S. President Donald Trump's increasingly strident rhetoric and took into account the European Central Bank's decision to raise interest rates.

The European Central Bank raised borrowing costs by 25 basis points as expected, its first increase in nearly three years, while raising inflation forecasts and lowering growth forecasts amid price pressures stemming from the ongoing conflict in the Middle East.

Carsten Bryzke, head of global macroeconomics at ING, said, "This interest rate hike will not derail the eurozone economy. The risk of inaction and falling behind is greater than the risk of any negative impact on growth caused by higher interest rates."

Data compiled by the London Stock Exchange Group indicates that traders still expect borrowing costs to rise another 25 basis points before the end of the year.

Sectors highly sensitive to interest rates declined. The financial services index fell 0.7 percent, with shares of asset managers ICG and Partners Group dropping 4.7 percent and 3 percent, respectively. Real estate stocks declined 0.8 percent.

The broader European STOXX 600 index closed 0.5 percent higher at 621.53 points, while the continent's major stock exchanges also rose.

The STOXX 600 index briefly fell after Trump said the United States would strike Iran "very hard tonight" and would soon take control of the country's oil and gas infrastructure and markets.

Crude oil prices fluctuated throughout the day. In the latest trading, they rose 0.5 percent to $93.58 a barrel.

Technology stocks were mixed. Semiconductor stocks led the gains in the benchmark index, with shares of BE Semiconductor and ASM International rising 6.6 percent and 7.3 percent respectively, hoping to benefit from the artificial intelligence boom.

However, software stocks declined after Oracle's stock fell sharply following expectations of increased capital spending, putting pressure on the enterprise software sector in general.

The broader technology index rose 1 percent. The index has seen some volatility since late last week, as global AI stocks paused their strong rally of the past two months before rebounding again today.