Stock markets in Europe rallied as investors anticipate a dovish talk from the Fed chief Yellen at testimony on the economy before congressional committees today and tomorrow. At the time of writing, pan-European Euro Stoxx 50 index was up 2.7%. Germany’s DAX was up 2.6%. France’s CAC and UK’s FTSE was up 2.5% and 1.2% respectively. Banking stocks witnessed a relief rally after Deutsche bank said it is considering bond buyback to help ease concerns about its funds. Shares in Deutsche bank were up more than 15%. In Dublin, Bank of Ireland shares were trading up 4.5%. Earlier Japan’s Nikkei share average closed at its lowest level since October 2014. For more information, read our latest forex news.