European markets have opened higher today, ahead of the European Central Bank’s policy meeting later this week with some investors speculating that the ECB could introduce new stimulus measures.

Later today, UK Markit services PMI and official reserve will be on traders’ radar for further direction. Additionally, market participants will keep a tab on Eurozone retail sales and services PMI data from major Eurozone countries along with US factory orders and the Federal Reserve’s Beige Book Survey data due later today.

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