European equity close: Big bounce fades late

• Stoxx 600 +0.8%
• German DAX +1.3%
• UK FTSE 100 +0.6%
• French CAC +0.7%
• Italy MIB +1.2%
• Spain IBEX +0.1%

The Stoxx 600 was up by more than 1.8% at one point and in line for its best day in eight weeks but it gave more than half of the gain back late.