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London - European stocks rose in a broad-based recovery as investors assessed a selloff prompted by concern about the health of some of the region’s banks.
The Stoxx Europe 600 Index added 0.5% at 8:16 in London, with all 19 industry groups advancing.
The benchmark lost 2.3% in the past two sessions, with lenders sliding to a one-month low amid worries about Deutsche Bank’s capital buffers.
Investor sentiment improved following the first American presidential debate, which financial markets judged a victory for Democrat Hillary Clinton.
US equity-index futures reversed losses, while haven assets including gold and the yen fell.
The event marked the first time that voters saw both major-party nominees on the same stage.
As September draws to a close, European stocks are heading for their first monthly decline in three. Last week’s bullishness prompted by central-bank updates wasn’t enough to erase an earlier rout that shattered the summer’s calm.
Yesterday’s biggest slump since July also hindered a recovery in the Stoxx 600, which is down 0.5% this month.
Among shares active on corporate news, Close Brothers Group gained 3.3% after posting an increase in full-year profit.
Wolseley dropped 4.1% after the British distributor of building materials and bathroom supplies reported slower comparable quarterly revenue growth, citing uncertainty in the economic outlook.
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