European equities advanced on Tuesday as investors turned cautiously optimistic that the worst of the recent banking crisis was over.
The Stoxx Europe 600 Banks index, which includes the region’s biggest lenders, rose 1.5 per cent. Commerzbank led gainers, up 2.6 per cent.
The moves bolstered broader share indices, with the benchmark Stoxx 600 up 0.4 per cent and Germany’s Dax up 0.6 per cent.
US bank stocks finished higher overnight in New York as investors welcomed news that US…
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