Hope for global action against the coronavirus lifted stocks Tuesday, March 3.
One day after the Dow Jones Wall Street Index posted its biggest gain in a day since 2009, European markets all opened up in the green.
The benchmarks in London, Frankfurt and Paris all increased by more than 2% at the start of the session.
The struggling travel and leisure sector was among the big winners.
The shares in IAG, owner of British Airways, increased by 5%, with Lufthansa even more.
What type of coronavirus action will materialize, however, is still a big question.
Finance ministers and central bank governors of the G7 group of developed countries are scheduled to hold a conference call on Tuesday.
But a source from Reuters said that a draft statement by the group does not detail any concrete tax or monetary action.
Earlier, the central banks of the United States, Europe and Japan had indicated that they could intervene.
Although interest rates are already so low, some analysts wonder if they can really do a lot.
These doubts represented a mixed day for Asian stocks.
As Shanghai closed higher, the Hong Kong Hang Seng index stagnated and the Japanese Nikkei suffered another loss.
Tuesday’s mood was generally positive, however, with oil also buoyant.
Crude oil prices rose for a second day, up 2% in the first European exchanges.