Major indices in Europe are higher this morning, with Germany's DAX higher by 2.6%, France's CAC up 2.1% and London's FTSE higher by 1.8%.
Reuters reports that equities rebounded early on Wednesday to snap a three-day losing streak as miners and oils gained on firmer commodity prices and banks advanced after recent declines.
At 9:05 GMT, the FTSEurofirst 300 index of top European shares was up 1.6% at 680.42 points. On Tuesday, the benchmark fell 1.9% to the lowest close since the index's inception in July 1997.
The broader STOXX 600 index rose 1.6%, with energy shares topping the gainers list, followed by banks. Oils tracked crude oil prices, which rose more than $1 to near $43 a barrel. BP, Royal Dutch Shell, BG Group, Tullow Oil, Repsol, Total and StatoilHydro added between 2.3%-3.9%.