The euro rallied to a nine-day high and bond yields in the single-currency bloc nudged higher on Tuesday after comments form European Central Bank President Mario Draghi highlighted a recovering economy. "Deflationary forces have been replaced by reflationary ones," Draghi said at the ECB's annual policy forum in Sintra, Portugal. The euro hit a nine-day high of $1.1245, up from $1.1187 earlier, up nearly half a percent on the day.
European stocks are set to open lower Friday as investors continue to eye developments in global crude markets and prepare for a series of key currency area data releases.
European stocks marched lower Wednesday, as the energy sector was dragged down by sliding oil prices and as the departure of a key ally of President Emmanuel Macron hit French equities.