European markets were significantly higher on Tuesday as they attempt to recover from last week’s declines.
The FTSE Eurofirst 300 added 2.01 percent to 1,548.24.
The Dax was 1.71 percent higher to 7,584.14 in Frankfurt, while the Paris CAC-40 gained 1.85 percent to 5,751.08 and Madrid’s IBEX jumped 2.03 percent to 14,802.4.
Banks were mostly higher on the session.
BNP Paribas (Euronext: BNP; TYO: 8665) was 3.1 percent higher to €81.73, while Societe Generale (Euronext: GLE) gained 3.17 percent to €127.44 and Credit Agricole (Euronext: ACA) was up 3.24 percent to €28.35.
In Frankfurt, meanwhile, Deutsche Bank (FWB: DBK; NYSE: DB) gained 4.02 percent to €100.62 but HypoVereinsbank (FWB: HVM) was down 0.23 percent to €42.84.
Airlines were higher, with Air France (Euronext: AF; NYSE: AKH) adding 3.07 percent to €33.29 and Lufthansa (FWB: LHA) gaining 3.36 percent to €20.65.
Car and truck makers also saw gains.
DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) was 3.45 percent higher to €66.69, while Peugeot (Euronext: UG; OTC; PEUGY) added 3.21 percent to €62.34 and Renault (Euronext: RNO) was up 4.65 higher to €107.06 on a broker upgrade from ABN Amro (Euronext: AAB; NYSE: ABN).
Truck maker Man (FWB: EDF1) was the day’s best performer on the Dax with a gain of 4.28 percent to €107.09.
Property investment company Unibail (Euronext: UL) had the best day on the CAC-40 as it added 5.88 percent to €175.30.
There were few declines on the day, but in the telecommunications sector Alcatel-Lucent fell 9.28 percent to €8.70 on a disappointing earnings report based on costs that were merger-related.
The worst performance on the Dax came from engineering group Siemens (FWB: SIE; NYSE: SI), which was 1.63 percent lower to €93.71 after rumors circulated that it would issue more shares.