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European stocks build on previous day’s gains

The Stoxx Europe 600 had its largest one-day rise since late April on Wednesday

European stocks build on previous day’s gains

European stocks largely stepped higher Thursday, building on the prior day’s sizable jump that was sparked by dovish comments from US Federal Reserve chief Janet Yellen, MarketWatch reports.

The Stoxx Europe 600 rose 0.4% to 386.29, after the index on Wednesday notched its biggest one-day percentage advance since April 24, tacking on 1.5%. Global equity benchmarks have been given a mid-week shot in the arm by Yellen saying interest rates don’t have to rise all that much further.

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