Markets were mostly higher on Wednesday.
The S&P 500 rose 0.1 percent and the STOXX Europe 600 surged 1.8 percent.
Economic data on Wednesday were mostly positive.
In the US, private payrolls rose by 742,000 jobs in April according to ADP, the IHS Markit US services PMI came in at 64.7 for April while the ISM non-manufacturing index came in at 62.7.
In the euro area, the IHS Markit final composite PMI for April came in at 53.8, up from 53.2 in March.
Despite the rally in stocks and the recovery in the economy, US consumers are still skeptical about stocks.
According to a survey by the Conference Board, expectations for a decrease in stock prices over the next 12 months has fallen to a neutral level after being elevated amid the COVID-19 pandemic, far away from reaching excessive levels that would trigger a contrarian sell signal.
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