The European Markets may open with small gains after Mario Draghi's comments for additional stimulus.
After Draghi's comments that he will review and reconsider the monetary polisy in March, the Market interpreted his words as a clear sign for additional stimulus from ECB.
The Markets are focused over the Global economic growth. It is hard to call the bottom of the markets, but from technical stand point the markets look cheap.
Both American and Asian markets closed in positive terrirory on Thursday, and that can help today's European session. Oil was trading at $30 per barrel breathly, just to close at $29.53, which is the single most daily gain since October 2015.
The Focus today will be towards the German PMI, UK retail sales and US existing home sales.
Senan Fuchedzhiev - Jr. Trader
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