STOXX 600 closes up 2% at 58.60; bank stocks gain 4.8%

The standout detail is the gap between the broad index and banks: a 4.8% sector move against a 2% headline points to financials doing the heavy lifting rather than a uniform risk-on bid. That concentration matters because European bank equities are typically where macro and rate sentiment gets priced fastest, so the breadth of this rally is the real test. Whether the gains hold beyond a single session, and whether other sectors start contributing, is the open question.