Economic calendar: Stimulus and politics dominate amid empty calendar

• European markets seen opening higher

• US stimulus draws near, Italian parties ready to back Draghi government

• ECB President Lagarde to speak today

European markets are expected to launch today's trading higher following strong gains made during the Asian session. German DAX is seen opening near the all-time high. Reflation trade is underway once again as US stimulus bill draws near. Second impeachment trial of Donald Trump will go to the US Senate this week but it should not have a major impact on the markets. Economic calendar is light today and positive tones from the Asian trading may remain key drivers for the European session ahead. Major political parties in Italy are open to backing Draghi's government but want to hear about policy plans first

9:30 am GMT - Euro area, Sentix index for February. Expected: 1.9. Previous: 1.3

Central bankers' speeches

• 4:00 pm GMT - ECB President Lagarde

• 5:00 pm GMT - Fed Mester

US earnings releases

• Hasbro (HAS.US) - before market open

• Take-Two Interactive Software (TTWO.US) - after market close