MarketWatch – European banks rallied for a second day on Thursday, lifted by a combination of corporate profit hopes, emerging details of stress tests and a broker upgrade of the sector.
After gaining 1.4% on Wednesday, the Stoxx Europe 600 index rose 1% to 248.47. Leaks of the haircut supervisors will assume for bank holdings of Greek bonds, as well as State Street’s outlook, bolstered the sector on Wednesday.
