European stocks go green ahead of Joe Biden's inauguration

European stocks rose on Wednesday, extending gains for the second daily gain in 3 days, thanks to high market sentiment following the US Treasury Secretary nominee Janet Yellen's comments, and ahead of Joe Biden's as inauguration president of the United States.

The Stoxx Europe 600 index rose 0.5% as of 11:35 GMT, after it closed lower by 0.2% yesterday, after closing higher by 0.3% on Monday following upbeat Chinese data.

The pan European index opened higher today, extending gains for the second session in 3, with most of the major European markets and sectors seeing green.

The tech sector saw the largest gains in Europe today, rising more than 1.8%, following Wall Street's strong gains.

Biden's Treasury Secretary nominee Janet Yellen urged during her Senate hearing lawmakers to "act big" to boost the US economy's recovery from the coronavirus repercussions and not to worry too much about debt.

US President-elect Joe Biden today will be officially inaugurated as the 46th president of the United States, and the ceremony take place in Washington at 17:00 GMT.

Biden has pledged to add extra stimulus to quickly overcome the coronavirus crisis impact, which is the worst economic crisis since the 1930s Great Depression.

S&P 500 futures rose 0.5%, after the index closed higher by 0.8% yesterday at Wall Street, in the first gain in 3 days on stimulus hopes.

Back to Europe, the Euro Stoxx 50 index rose 0.6%, France's CAC 40 rose 0.5%, the UK's FTSE 100 added 0.1%, and Germany DAX index rose 0.7%.