As Europe Bank Earnings Unfold, Bears Ease Grip on Stocks: Chart

With the bulk of Europe’s banking earnings coming up, pessimism in the sector as measured by the options market has eased, even as it has risen for the broader regional gauge. The number of bearish contracts on the Euro Stoxx Banks Index has almost halved since January, relative to bullish ones. For the Euro Stoxx 50 Index, the put-to-call ratio has jumped to its highest level since June.

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