European stocks rise for the second day in a row due to incentive measures

US, WASHINGTON (ORDO NEWS) — European stocks are rising for the second session in a row on Friday, as a wave of fiscal and monetary stimulus forced investors to return to the stock markets after several days of sales caused by signs of an approaching recession due to coronavirus.

The pan-European STOXX 600 index rose 3.75% to 11:47 UTC.

Tourism stocks unexpectedly jumped 9.4%, topping the gains among major European sub-sectors, while the energy index added 6.59% amid recovery in oil prices.

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