European stocks are surging after Draghi's dovish speech

Mario Draghi just pushed European markets out of bed with a dovish speech, and every index is climbing significantly:

France's CAC 40 is up 0.98%

Germany's DAX is up 1.46%

The UK's FTSE 100 is up 0.43%

Italy's FTSE MIB is up 1.33%

Spain's IBEX is up 1.80%

Asian markets closed up: Japan's Nikkei finished 0.33% higher and Hong Kong's Hang Seng closed up 0.37%.

US futures climbed with European stocks: the Dow is 49 points up, and the S&P 500 is 6 points higher.

We're waiting on a speech at the same conference from the Bundesbank's Jens Weidmann, who is one of the most notable hawks making policy at the ECB.

Other than that, it's a quiet day for data, with only the Kansas Fed's manufacturing index coming from the US, out at 4 p.m. GMT.