European stocks bounce off 2-week lows, after Wall Street's record gains

European stocks rose on Wednesday, rebounding from the 2-week low hit yesterday, to head for the first daily gain in 5, lifted by strong market sentiment following the record gains of Wall Street.

The Stoxx Europe 600 index rose more than 1.8% as of 11:15 GMT, after it closed lower by 0.4% yesterday, posting the fourth straight daily loss and a 2-week low of 362.82 points, after disappointing inflation data in Europe.

The pan European index opened higher today, rebounding from the 2-week low hit yesterday to head for the first daily gain in 5, with most of the major European markets and sectors seeing green today.

S&P 500 futures rose 0.6%, after the index closed higher by 0.75% yesterday, and posted its new record high of 3,528.03 points.

Nasdaq also hit a new record high of 11,945.72 points, to jump near the 12,000 barrier for the first time ever, as most major tech stocks surged.

This came after the ISM manufacturing PMI rose to the highest level in almost two years, which renewed hopes for the US economic recovery from the coronavirus crisis.

Back to Europe, the Euro Stoxx 50 index added 2.1%, France's CAC 40 rose 2.2%, Germany's DAX added 2.1%, and the UK's FTSE 100 rose 1.5%.