European stocks were seen advancing cautiously on Friday morning after the European Central Bank (ECB) delivered an aggressive stimulus package in a bid to reinvigorate the ailing euro zone economy.
The ECB announced a new quantitative easing program Thursday which will see 20 billion euros per month of net asset purchases for as long as the central bank deems necessary. It also cut the rate on its main deposit facility by 10 basis points to -0.5%, a new record low, and introduced tiering measures to mitigate damage to banks' balance sheets.
Global markets also received a boost after President Donald Trump said Thursday he would not rule out an interim trade deal with China, after the world's two largest economies showed signs of thawing their ongoing trade war. Asian stocks advanced on both trade optimism and the ECB stimulus "bazooka" with Japan's Nikkei leading gains, while mainland Chinese and South Korean markets were closed Friday for holidays.
Back in Europe, the leader of Northern Ireland's Democratic Unionist Party said her party will not support a Brexit deal that "divides the internal market of the U.K."
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