The Slump in Europe Banks Is Fading as Fast as It Came: ChartBy
Since hitting a 3 1/2-year low just a month ago, European banks have rebounded 28 percent, with Greece’s Eurobank Ergasias SA, Italy’s UniCredit SpA and Deutsche Bank AG among the top performers. The Euro Stoxx Banks Index closed at a two-month high on Friday, after the European Central Bank boosted stimulus measures and signaled an end to interest-rate cuts.
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