European equities open higher as calmer heads prevail for now

  • Credit Suisse shares rise by 40%, the most on record so far
  • Eurostoxx +1.2%
  • Germany DAX +1.4%
  • France CAC 40 +1.1%
  • UK FTSE +1.0%
  • Spain IBEX +1.4%

This is in part a bit of a catch up to the strong bounce in Wall Street yesterday, which came after the European close. But the fact that bank stocks are recovering well after yesterday's rout is also an important factor for sentiment. If you need to read a thread on Credit Suisse and why what they have done may be enough to stay alive, then this would be it.

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