The European region is currently enjoying its fastest growing rate since 2002 as virtually all stocks are seen rising in the Europe’s biggest rally in 19 months.

After reaching its 2013 low in June, the Euro Stoxx 50 Index (SX5E) has risen 21 percent with only thee stocks not showing increase. Companies across the board are recording gains with expanding prospects as the longest-ever European recession comes to an end. The pledge of European Central Bank’s President Mario Draghi to protect the euro as recovery takes hold has further boosted investors’ confidence in the economy of the region.

The Euro Stoxx 50 increased 0.7 percent to 3,038.96 yesterday, closing at 2 1/2-year high and a 15 percent overall improvement for 2013. The measure has taken its worse hit of 35 percent between February and September 2011 as the debt crisis that forced five countries to accept a bailout worsened.