European stock markets are showing growth on Tuesday, after a record fall on Monday.

European markets recover on Tuesday, March 10, after the close on Friday, reports Reuters.

So, the pan-European STOXX 600 index rose 2.7 percent after falling 7%.

European oil SXEP index rose 3.6% as prices of oil increased by about 5% after the biggest one-day drop in 30 years.

The recovery is gaining momentum, as investors are pinning their hopes on coordinated policy actions of governments and Central banks around the world to reduce the impact of outbreaks of coronavirus.

As reported, the fall in global stock markets before it became a record since 2008.

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