Europe Markets: European stocks gain and trim monthly loss as oil companies, Deutsche Bank rally

European stocks posted firm gains on Wednesday, as a rally for embattled Deutsche Bank AG sparked gains for banks and oil companies rose ahead of a closely watched OPEC meeting in Algeria.

The Stoxx Europe 600 index SXXP, +0.96% jumped 0.9% to 343.23, trimming its monthly loss to 0.1%.

“European equity markets are positive, following oil prices higher, as investors eye Algiers in the hope that today’s OPEC meeting will reach some compromise,” said Rebecca O’Keeffe, head of investment at Interactive Investor, in a note.

“Although an agreement to curb output today would be a major surprise, the debate may pave the way for a potential deal at their next meeting,” she added.

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