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Europe Markets: Banks help push European stocks higher, but Airbus drops on bribery probe

European stocks climbed Monday, with gains for bank shares helping to push the regional benchmark toward a nearly two-week high.

The Stoxx Europe 600 SXXP, +0.17% packed on 0.4% to 342.69, led by financial SXFR, +0.61% , basic material SXPR, +1.49% and industrial shares. The index was on course to mark its best close since July 27, FactSet data showed.

The pan-European benchmark on Friday jumped 1.1%, continuing to gain after the Bank of England ramped up its stimulus efforts.

There is a global risk-on rally taking place, as equity investors appear “comfortable with the idea of a tightening in the U.S.

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