European Stocks Have Best Day Since 2011
- Shares extended rebound after China said it increased stimulus
- All industry groups in Stoxx 600 advanced more than 3%
China's Central Bank Lowers Interest Rates
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The worst day for European equities since the financial crisis gave way to the biggest rebound in four years.
The Stoxx Europe 600 Index climbed 4.2 percent at the close of trading in London, extending gains to 4.7 percent after China’s central bank said it cut interest rates. Today’s rebound was just as broad-based as yesterday’s slump, with almost all Stoxx 600 companies rising, and volume of shares changing hands 78 percent greater than the 30-day average.