CNBC: Europe higher after sell-off; Adecco shares up 3%
European equities were higher on Wednesday, dismissing global market jitters and rebounding from heavy losses seen in the previous session.
The pan-European Euro Stoxx 600 Index was higher and extended gains during the session, with a broad rally across major bourses and sectors.
Investors are focused on a further fall in the price of the euro and remarks by Mario Draghi, the president of the European Central Bank (ECB). Addressing an audience in Frankfurt, Draghi said that the extra liquidity provided by the ECB could pose risks to the region's financial stability.
However, he stressed that these risks were "contained."
"Should they emerge, macroprudential policy is best suited to address them," he said.
Read MoreDraghi: ECB QE risks are contained
Fed jitters
Markets are also set to cool down on Wednesday after a bout of heavy selling due to the dollar's stellar rally in precious sessions.
The U.S. dollar has advanced more than 1 percent to 12-year highs against the euro; the pair remained below $1.07 in Asian trading on Wednesday. Investors are worried that a strong dollar could damage equities because it makes U.S. exports more expensive in foreign markets.
In other news, Greece continues to play on investors' minds as the country prepares to meet with technical teams from the troika of organizations that oversee the country's bailout – the European Commission, ECB and the International Monetary Fund (IMF) – in Brussels on Wednesday to discuss Greek reforms.
As it faces a cash crunch, Greece could tap into more than half a billion euros of funds sitting in the country's bank rescue fund as it scrambles to find money this month, banking and government sources told Reuters on Tuesday.
Greece in focus
In other news, Russian tanks and heavy military equipment have crossed the Ukrainian border in the last few days in breach of a European-brokered ceasefire agreed earlier in February, a senior U.S. State Department official said on Tuesday, Reuters reported.
Elsewhere, Angela Merkel meets heads of IMF, World Bank, WTO, OECD and ILO in Berlin on Wednesday, the OECD's G-20 fourth quarter growth estimates are published and the British Chambers of Commerce publishes its quarterly economic forecast today.
