U.S. Cliff Optimism Drives Gains For Europe Stocks

European equities kicked off Wednesday’s trading on an upbeat note, led largely, by banks with continued optimism over U.S. fiscal-cliff negotiations inspiring investors.

“Sentiment in the market has been consistent with adding risk, as high beta sectors such as financials and insurers continue to outperform into the year’s end,” said David White, financial trader at Spreadex, in emailed comments.

The Stoxx Europe 600 index rose 0.2% to 281.05, with shares of BNP Paribas SA up 1%. The German DAX 30 index rose 0.2% to 7,669.65, and the French CAC 40 index gained 0.3% to 3,658.28.

The FTSE 100 index rose 0.2% to 5,950.20.

Marketwatch