Banco Santander SA rallied 6.1% experienced action-related sales of the 10-year bonds Spain worries over the possibility of trimming the state are working hard to fund its deficit.
On the other hand, BHP Billiton Ltd. and the Rio Group's lead Tintoi higher increase among the producers of natural resources. Balfour Beatty jumped 2.8% after the largest builders in the UK estimates that demand will rise. BP plc soared 3.7% as Royal Bank of Scotland Group Plc has recommended its shares.
Stoxx 600 Index climbed 2.6% to 242.76, which represents the largest increase since May 27. This benchmark index has fallen for five consecutive days to its lowest level since May 25 related to economic data from China which was disappointing and the U.S. are spreading fears that the global recovery was faltering.
The decrease was dragging an index that is traded 11 times estimated earnings, which is the lowest valuation in more than a year, according to Bloomberg data. "Almost no profit growth in the market today," said Bill O'Neill, chief investment officer for Europe, Middle East, and Africa at Merrill Lynch Wealth Management. "We still see value" for European stocks.
O'Neill helped manage a fund of about U.S. $ 1.4 trillion and predicts 10% increase for this year's European shares ended on June 22. National benchmark indexes rose in 18 western European markets. UK FTSE 100 index rose 2.9%, while Germany's DAX index also rose 2.2%, and the French CAC index rose 2.7%.
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