Europe Stocks Jump Most in 3 Years, Regain Half of Recent Losses

After their biggest six-day tumble in three years, European shares have regained more than half of their losses, jumping the most since November 2011 today.

The Stoxx Europe 600 Index rallied 3 percent to 339.05 at the close of trading in London, with banks contributing the most to the advance. The Swiss Market Index posted its biggest jump since January 2013 after the nation’s central bank introduced its first negative deposit rate since the 1970s. The announcement came after Chair Janet Yellen said the Federal Reserve will probably hold rates near zero at least through the first quarter and that they may not return to more normal levels until 2017.