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The benchmark Stoxx Europe 600 index rose 1.1 per cent to 222.67 at 12:08 p.m. GMT in London, reported Bloomberg. Before this positive sign the bellwether index had fallen 7.1 per cent in five days amid concerns over the cost of bond yields.
Annalisa Piazza, a strategist at Newedge Group in London, said today's results offered "some bright-ish spots in all the doom and gloom that surrounds us".
"Today's report clearly shows that activity is not going to collapse any time soon in the main European (UKX) economy," she added.
Germany's Ifo institute reported today that business sentiment had climbed higher for the first time since June, indicating a renewed faith in the eurozone's largest economy.
Posted by Greg Secker
