World stocks rose, global bond yields fell and the dollar weakened after Federal Reserve Chairman Jerome Powell bolstered expectations the Fed would cut U.S. interest rates soon.
The pan-European STOXX 600 climbed 0.2% after losing 1.4% over the past four sessions.
Germany’s DAX futures rose and Britain’s FTSE futures gained 0.3%.
The Europe gains follow healthy rises in Asia, where MSCI’s broadest index of Asia-Pacific shares ex-Japan rose 1%.
Japan’s Nikkei added 0.5%.
U.S. stocks ended higher on Wednesday and the S&P 500 briefly crossed 3,000 points for the first time following Powell’s remarks.
The dollar index against a basket of six major currencies slipped 0.2% to 96.929, extending losses for a second straight session after reaching a three-week peak on Tuesday.
In commodities, U.S. crude oil futures climbed to a six-week high.
U.S. crude oil futures gained 42 cents to trade at $60.84 per barrel. Brent crude futures rose 47 cents to $67.48.
Spot gold gained to $1,426 an ounce, its highest since July 3, on the reinforced expectations for a Fed rate cut.