European stocks marched higher Wednesday as optimism over the reopening of major economies outweighed investor fears over widespread protests in the U.S.
The pan-European Stoxx 600 closed up by more than 2% provisionally, with all sectors and major bourses in positive territory. Insurance stocks were the best performers, gaining over 6%.
Investors around the world are keeping an eye on continuing unrest in the U.S. in the wake of the death of George Floyd, an unarmed black man, while he was in the custody of the Minneapolis police last week.
State and local officials ramped up efforts to contain the protests Tuesday evening, adding to police forces and imposing earlier curfews as demonstrators took to the streets in major cities across the U.S. for another night of demonstrations.