The sentiment around the European stocks remains lifted on the back of a rebound in oil prices and upbeat regional corporate earnings reports. Moreover, a better-than expected German ZEW economic sentiment data combined with a positive close on the Asian equities, further bolstered investors’ appetite for risk. Most European indices hover near 2016 highs Germany's DAX 30 index rose 2.28% to trade at 10,351, while the UK's FTSE 100 index climbed 0.62% to 6,393. Among the other indices, the French CAC 40 index hiked 1.26% to 4,563, while the pan-European Euro Stoxx 50 index increased 1.47% to 3,113. On the corporate news front, the shares of the Swiss pharma company Roche rose over 1% on the back of a boost in the quarterly revenue. French food company Danone and cosmetics maker L’Oreal SA jumped 3.5% after their sales beat forecasts. Tullow Oil Plc led gains in energy shares as crude rose for the first time in five days. For more information, read our latest forex news.