European stocks rebound from 3-week low after US new stimulus measures

European stocks surged on Tuesday, rebounding from the 3-week low that was hit yesterday,thanks to improved risk-appetite, after the Federal Reserve's announcement of new stimulus measures to support the US economy and ease the coronavirus impact.

The Stoxx Europe 600 index rose 2.5% as of 11:22 GMT, after closing lower by 0.3% yesterday, and hit a 3-week low at 344.91 points, on fears over a second coronavirus wave.

The pan European index opened higher today, to rebound from its 3-week low, with most European markets and sectors seeing green today.

The travel and leisure sector saw the largest gains in Europe today, with a surge by 4%, on hopes of stimulus for global companies.

The Federal Reserve will start today buying individual corporate bonds, which are from companies in the secondary market, to support the market liquidity to counter the coronavirus financial impact.

S&P 500 futures rose 1.5%, after the index closed higher by 1.5% yesterday at Wall Street, posting its second straight daily gain.

Back to Europe, the Euro Stoxx 50 index rose 2.9%, France's CAC 40 climbed 2.6%, Germany's DAX jumped 3.1%, and the UK's FTSE 100 rose 2.5%.