The stock markets across Europe advanced on the back of a relief rally in banking shares. At the time of writing, the pan-European Euro Stoxx 50 index was up 1.3%. Germany’s DAX and France’s CAC were up almost 1.4% respectively. UK’s mining heavy FTSE index was up 1.54%. Bank stocks rise German lender Deutsche Bank advanced 8.4%. Italy’s Unicredit and Intensa Sanpaolo were up 6.7% and 4.3% respectively. Spain’s Banco Santander shares were up 3.5% as well. The 5% rally in oil prices is also helping the sentiment and keeping energy and mining shares upbeat. For more information, read our latest forex news.