Hearted countries including Spain and Italy now expect to get their first shots in early 2021.

By mid morning, the pan European Stock 600 index was up around 6000.7% marking a third day of gains that builds on a 5% rally this week.

Battered sectors, including travel stocks, were among the gainers.

British Airways owner I E G rose as much as 6% while easyJet was up around 4%.

Better than expected earnings numbers have also helped the mood.

According to data from Ref Initiative, 68% of European companies reporting third quarter numbers have beaten estimates.

German energy firm E.

On the latest to join that trend.

It shares gained around percent after it said demand was recovering faster than expected.

Dutch bank Eh Bien Amro also beat forecasts on Wednesday, but its shares tumbled 4% as it said it was still wary about the coming months.