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According to Reuters, the FTSEurofirst 300 has made gains of one per cent - at 1,103.23 points after previously hitting a high of 1,103.63 - on the stock exchange meaning it is up for the second straight session today.
This comes after reports Ireland could be inclined to work with the European Union to agree a deal that may lead to a solution for its debt problems.
What's more, there was positive news for automakers as the STOXX Europe 600 Automobiles & Parts index grew by 2.4 per cent, while manufacturers BMW and Fiat also experienced gains with 2.6 per cent and 2.9 per cent rises respectively.
This comes in contrast to concerns over Ireland earlier this week leading the FTSE 100 index to fall by 1.5 per cent on Tuesday as it dropped by 84.92 points.
Posted by Clive Arneil
