European markets are expected to open lower Thursday, as Greece is likely to ask for an extension to repay its euro zone loans, but a deal hasn't yet been set.
On Thursday, the new Greek government, facing the prospect of running out of cash, is expected to ask for an extension to its "loan agreement" with the euro zone.
This has been one of the most important weeks in the country's debt crisis, as a newly-elected government, led by left-leaning Syriza, tries to secure an alternative to its existing bailout, which has austerity conditions.
In Asia, where much of the continent is on holiday to celebrate Lunar New Year, Japan's Nikkei climbed to its highest level since 2000 after better-than-expected Japanese export figures.
The Federal Reserve minutes also moved markets, as they showed that U.S. policymakers are still concerned about raising interest rates too soon. This lowered expectations of an imminent interest rate hike, sending the dollar lower.
In Europe, the European Central Bank will make its minutes from last month's meeting public for the first time, which should give some insight into how much resistance there was to the new quantitative easing program within the monetary policy committee.
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