European markets bounced Tuesday morning as investors react positively to the U.S. Federal Reserve’s announced open-ended asset purchase program on Monday, as well as other measures to keep the market functioning.

The pan-European Stoxx 600 jumped 4.4% in early trade, with basic resources surging 6.5% to lead gains as all sectors and major bourses entered positive territory.

Global stock markets are being boosted by the Fed’s pledge Monday that it will run an open-ended asset purchase program amid the global coronavirus outbreak.

Source : CNBC