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Europe Stocks Jump Most in Two Months as Tech, Banks Lead Bounce

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European stocks rose the most in more than two months on Tuesday, with technology and banking shares leading the rebound as investors stepped in to buy the dip in risk assets.

The Stoxx 600 Index closed 1.2% higher, the biggest jump since July 21, with Infineon Technologies AG leading a tech sector recovery after the chipmaker forecast that its revenue will expand next year. A 1.6% gain in the Nasdaq also helped boost the sentiment. Banking stocks, which benefit from higher bond yields, were the top-performing industry group and surged the most since March.