The FTSE 100 rose 1.7% to 10,652.87, while the Dax gained 2.2% in Frankfurt and the Cac was up 1.7% in Paris. On Wall Street, the Dow Jones hit a new record high.

Shares in Asia and Europe have followed Wall Street stocks higher, while the Japanese yen is trading near a 40-year low against the U.S. dollar

European indexes were gaining, recovering ground after Wednesday's session ended mostly lower.

The FTSE 100 closed up 174.53 points, 1.7%, at 10,652.87.

The FTSE 100 closed up 26.16 points, 0.3%, at 10,679.03.