In Europe the FTSE added 0.6%, whilst the CAC gained 0.8% and the DAX climbed 0.4%.
In the US the gains were more pronounced with the Dow adding 214 points (+1.9%), whilst the broader S&P surged 2.2%.
It was the third consecutive day of gains for US stocks, with $21.5 billion in takeovers and some of the lowest valuations in two-years encouraging investors to move back into recently beaten down equities.
The Swiss franc tumbled against the euro overnight and has slumped the most over the last three sessions since the European currency’s debut in 1999.
Crude oil gained ground amid climbing equities and yesterday’s smaller-than-expected drop in Japanese GDP.
Elsewhere, bullion futures rose for the first time in three sessions on the back of a decline in the US dollar which revived gold’s appeal as an alternative investment.
In company news, WBC saw its 3Q cash earnings fall 2% to $1.55 billion as the operating environment continued to deteriorate.
OST saw its FY net profit drop 11% to $230 million and it has launched a review of its steel products business on the back of a challenging environment made worse by a high Aussie dollar.
Today’s session will bring us data in the form of the monetary policy meeting minutes.