Stocks in Europe ended mostly higher following latest quarterly updates from US banking giants Goldman Sachs and JP Morgan.
Strong gains in commodities also helped stocks rally.
“The start of the results season has gone well, it seems,” IG chief market analyst, said Chris Beauchamp.
“The good outlook for the US economy presented in this afternoon’s results has reignited the rally in small-cap stocks, as flows return to the physical economy and some of the heat comes from the recent take over megapap technology names. “
At the end of trading, the benchmark Stoxx 600 had edged up 0.19% to 436.57, alongside a 0.40% gain for the Cac-40 to 6,208.58, while the Dax dipped 0.18% to 15,209.15.
Spain’s Ibex 35 climbed 0.74% alongside 8,588.4.
Also stimulating investor sentiment, the International Energy Agency raised its outlook for oil prices, pushing up Brent crude oil futures 4.7% to $ 66.68 a barrel on the ICE.
This served to send a sub-index for oil and gas stocks on the Stoxx 600 up 2.0%.
However, it was miners’ stocks that performed best on this pan-European benchmark, with the corresponding sector gauge having jumped 2.48%, led by companies like Antofagasta and Glencore.