The German stock market closed up more than 2.7%, and the Italian banking sector rose over 4.5%.

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The German DAX 30 index rose 2.73% to close at 23,298.89 points, rebounding by 4.48% over the past three trading days, and the 50-day moving average is in the process of falling through the 100-day moving average. The French CAC 40 index rose 2.10% to close at 7,981.27 points. The Italian FTSE MIB index rose 3.17% to close at 45,714.95 points, while the FTSE Italia All-Share Banks index rose 4.55% to close at 31,421.32 points; after gapping higher at the open, it continued to trade in a narrow range at high levels. The UK FTSE 100 index rose 1.85% to close at 10,364.79 points, the FTSE 250 index rose 2.28%, and the FTSE 350 index rose 1.89%. The Netherlands AEX index rose 1.76%, the Danish OMX Copenhagen 20 index rose 1.92%—after gapping higher, it quickly gave back its gains and spent most of the day trading in a narrow range at low levels, while the OMX Copenhagen 25 index rose 1.72%.

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