European equites trade higher ahead of the opening on Thursday  

European futures signal a higher start on Thursday to correct some of the losses from the past two days, as today's session is full of major fundamentals from some of the world's major economies. The most important is the BoE’s rate decision that will be released later today ahead of more labor data from the United States.

Investors are still closely eying developments in Europe and especially the euro area after Draghi confirmed yesterday that the growth outlook is subject to downside risk especially with renewed tension in the debt market.

Looking closely at the euro, we can see that the currency inclined after dropping for the past three days as it rose over daily basis from the lowest level reached day at 1.3133 where it is currently trading near the levels of 1.3154. The euro reaching the highest trading level for the day at 1.3158, noting that the currency opened today's trading at 1.3140.

As for gold, the yellow precious commodity also inclined after it dropped sharply over the past two days as it’s currently trading at the levels of 1625.80 per ounce compared with the opening levels of 1620.52 per ounce. Crude oil on the other end also rose trading around 102.18 from the opening of 102.01 per barrel.

As for European stocks, the French CAC 40 index futures rose 0.38% at 3324 while Germany's DAX index inclined before markets open to 6815.00 points adding nearly by 0.30%. Finally, the British FTSE 100 index futures also moved higher by 0.38% reaching 5673.50.