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European stocks rise on ECB comments

European stocks rise on ECB comments
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European shares gained ground in Tuesday’s early trading, fuelled by comments of a leading official at the European Central Bank (ECB).   

Benoit Coeure, an executive board member at the ECB, said the bank would front-load asset purchases in May and June, due to low market liquidity in July and August.

At 8:32 GMT, Germany's DAX gained 2% or 228 points to 1,1822 points, while France’s CAC rose 2% or 98 points to 5,110 points.

The UK’s FTSE100 went up 0.5% or 36 points to reach the 7,005 level, and EURO STOXX was up 2% or 77 points to 3,666 points.