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The benchmark Stoxx 600 Index jumped 1.1 per cent to 339.97, reports Reuters. This adds up to a 12 per cent boost for the European measure since its lowest point this year in September and could indicate the increasingly positive mood among investors as eurozone countries show signs of recovery.
The MSCI Asia Pacific Index was cut by 0.3 per cent and the March contract on the Standard & Poor's 500 Index moved up 0.6 per cent.
Robert Talbut, chief investment officer at Royal London Asset Management, told the news provider that encouraging signs from the US are perking up the markets.
"I still believe that the necessary shifts will occur in Europe and that with supportive moves elsewhere, 2012 can turn out to be a decent year for credit and equities," he said.
Chief economist at Invesco John Greenwood recently warned that events in the eurozone are crucial to the global market and that Europe is likely to play a major role in next year's trading.
Posted by Clive Arneill
