European stock markets are soaring, with the Euro Stoxx 50 index jumping nearly 3%.

European Markets Surge: Stoxx 50 Up Nearly 3%, DAX Jumps 2.5%

It's a green day across Europe. The Euro Stoxx 50 rallied almost 3%, with Italy's FTSE MIB close behind. Germany's DAX gained 2.5%, France's CAC 40 rose more than 2%, and the UK's FTSE 100 added nearly 2%. Risk-on mood sweeping the continent.