The stock markets across Europe advanced in early trading as investors expect ECB’s Draghi to hint at more easing in the near future. The pan-European Euro Stoxx 50 index currently trades 1% higher near 3000 levels. Among the regional indices, Germany’s DAX is up 0.7% and France’s CAC is up 0.90%. The mining heavy UK’s FTSE index is up almost 1%.
Following the risk aversion in Asia, the European futures were pointing to a negative open. However, investors believe Draghi could hint at more easing, given the sharp drop in oil and its disinflationary impact. Hence, stocks prices have rallied in early trading.
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