France's CAC 40 added 1.5% in early trading to 4,443.47. Germany's DAX gained 2.5% to 10,063.41, while Britain's FTSE 100 jumped 2.2% to 5,685.74.
The overnight rally on Wall Street tacked more gains onto a recent upswing for the market, which is coming off the best week for the S&P 500 in 11 years, albeit after falling into bear market territory. Optimism is budding that the worst of the selling may be approaching, but markets around the world are still wary as leaders work to nurse their economies through the pandemic. The S&P 500 remains 22.4% below its record set last month, and oil tumbled to an 18-year low.
Stocks jumped last week after the Federal Reserve promised to buy as many Treasurys as it takes to get lending markets running smoothly and Capitol Hill reached a deal on a $2.2 trillion rescue package for the economy. "Now that message is in line," said Richardson. "All these things line up coming into this week, and that's why you saw strong performance last week continuing today."
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