European stock markets are trading higher on Friday as European Central Bank President Mario Draghi expanded stimulus.

Europe's leading Blue-chip index, EURO STOXX 50 rose 52.78 points or 1.59 percent to trade at 3,375.43. While UK's benchmark index FTSE 100 went up 41.15 points or 0.61 percent to trade at 6,837.78.

Germany's benchmark index DAX rose 160.64 points or 1.54 percent to trade at 10,596.26. Meanwhile, French benchmark index CAC 40 gained 69.48 points or 1.53 percent to trade at 4,622.28.