European equity close: Onto the frontburner

Closing changes for the main European bourses:

• Stoxx 600 +1.1%
• UK FTSE 100 +0.8%
• German DAX +1.3%
• French CAC +1.2%
• Italy MIB +1.1%
• Spain IBEX +1.6%

The banking rout is looking like a blip, as all the German banks passed the test.