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Mario Draghi

With US off, global stocks buoyed by Europe stimulus hopes

With Wall Street closed for the Thanksgiving holiday and tensions between Russia and Turkey fading, European stock markets were buoyed Thursday by expectations that the European Central Bank will back further stimulus for the ailing 19-country eurozone economy next week.

There's increasing speculation that ECB President Mario Draghi will announce a bold package of measures as the bank tries to shore up the economic recovery across the region and get inflation back towards its target of just below 2 percent on an annual basis. Currently, inflation is standing at 0.1 percent. That prospect is keeping the euro currency at relative lows at $1.06 as well as depressing the interest rates...