European stocks jump 14-month high, German DAX jumps above 15,000 for the first time ever

European stocks rose in early trading on Thursday, and hit a 14-month high, led by the tech sector and the German DAX jump above the 15,000 milestone, thanks to improved risk appetite following the reveal of the US huge stimulus and spending plan.

The Stoxx Europe 600 index rose 0.4% as of 11:35 GMT, and hit the highest since February 2020 at 432.1 points, after closing lower by 0.25% on profit taking.

The tech sector saw the largest gains in Europe today, with a jump of more than 1.5%, following Wall Street's strong gains of yesterday.

Germany's DAX index rose 0.5% and hit a new record high of 15,104.1 points.

Standard & Poor's 500 futures rose 0.4%, after closing higher by 0.4% yesterday at Wall Street, and hit a new record high of 3,994.41 points.

US President Joe Biden announced a $2.25 trillion infrastructure spending plan, while calling for support for raising corporate taxes to 28%.

Back to Europe, the Euro Stoxx 50 index rose 0.4% and hit the highest since 2008 at 3,940.30 points, France's CAC 40 rose 0.3%, and the UK's FTSE 100 rose 0.4%