The pan-European Stoxx 600 climbed 2.7%, with travel and leisure stocks surging 8.8% to lead gains as all sectors and major bourses entered positive territory.
Also, Dow Jones Industrial Average pointed to a gain of more than 500 points at the Wednesday open, while S&P 500 futures were up 1%. Nasdaq-100 futures were up 1.5%.
White House official, Eric Ueland said early on Wednesday that US senators and White House officials have reached an agreement on the massive stimulus package to mitigate the economic hit from the coronavirus outbreak.
Further, UK’s FTSE was up 1.56%, French CAC zoomed 2.07% and German DAX was also up 2.65%.