European markets opened higher on Thursday as investors digest remarks from U.S. Federal Reserve Chair Janet Yellen and wait to hear from President Mario Draghi of the European Central Bank.The pan-European Euro Stoxx 600 was 0.08 percent higher.
Analysts do not expect any changes to the ECB's monetary policy for now but will be looking for details as to how that may change throughout the year.
Another market focus this Thursday is in the U.S. as President-elect Trump prepares to take office on Friday. Donald Trump will be speaking at a pre-inauguration event later this Thursday.
French supermarket chain Carrefour reported Thursday an increase in sales of 3.9 percent in its latest quarter, beating analysts' expectations.
Also in France, Safran made a $9 billion agreed cash offer to the aircraft seats manufacturer Zodiac Aerospace, paving the way to create the third largest aerospace supplier, Reuters reported.
Also on the calendar is the release of the euro zone's net investment flows and current accounts.
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