On Tuesday, European stocks were in an accelerant growth, due to the comments made by the member of the executive board of the European Central Bank, Benoit Coeure, while the investors expect the upcoming publication of data on the disposition in Germany.
During European morning trade, the STOXX EURO 50 rose 1.72%, the French CAC 40 rose 1.75%, while Germany's DAX 30 added 1.63%.
European stock markets strengthened after a senior official of the ECB Kuar Benoit said that the central bank intends to increase its purchases of euro zone assets in May and June in anticipation of the expected period of low liquidity in the summer.
The comments came during a speech in London on Monday.
Meanwhile, Greece's labor minister said on Tuesday that an agreement with creditors will soon be reached. Greece still hopes to reach an agreement with its foreign creditors on deadline to get financial support in exchange for reforms and avoid a liquidity crisis.
The stock financial sector generally rose, as French lenders BNP Paribas (PARIS:BNPP) and Societe Generale (PARIS:SOGN) jumped 2.01% and 1.93%, while German Deutsche Bank (XETRA:DBKGn) and Commerzbank (XETRA:CBKG) jumped 1.94% and 2.94%.
Among the peripheral lenders, Italian Intesa Sanpaolo (MILAN:ISP) and Unicredit (MILAN:CRDI) rose 1.57% and 1.82% respectively, while Banco Santander (MADRID:SAN) and BBVA (MADRID:BBVA) gained 1.29% and 1.92%.
Shares of Julius Baer Gruppe AG (SIX:BAER) rose 1.30% after the market volatility has helped increase the company's revenues, improving the profitability for this year.
The London FTSE 100 index grew by 0.47% on the eve of today's publication of data on UK inflation.
The financial sector is generally on a positive trend. The stocks of Lloyds Banking (LONDON:LLOY) rose 0.06%, the shares of Royal Bank of Scotland (LONDON:RBS) gained 0.74%, while shares of Barclays (LONDON:BARC) jumped 1.21%. The shares of HSBC Holdings (LONDON:HSBA), on the contrary, weakened by 0.13%.
Meanwhile, the mining sector shows a decline. Stocks of Glencore Xstrata (LONDON:GLEN) fell 0.99%, shares of Randgold Resources (LONDON:RRS) tumbled 1.21%, while shares of Fresnillo (LONDON:FRES) and Bhp Billiton (LONDON:BLT) fell 1.26% and 2.26% respectively.
Meanwhile, shares in Aveva Group (LONDON: AVV) have fallen by 4.46% after CEO said his company does not negotiate a takeover.
In the US, equity markets indicated a growth before the opening. Futures on the Dow Jones Industrial Average went up by 0.30; the futures on the S&P 500 indicated a 0.23% increase, while the Nasdaq 100 futures reported a growth of 0.28%.