German DAX rises 1.72% in preliminary close, other European indices gain

The standout here is Italy, where the bank index's 4.15% jump outpaced the broader market by a wide margin, pointing to financials as the main engine of European risk appetite rather than a uniform rally. Germany's gain, while solid, looks more broad-based by comparison. For crypto and RWA markets, the read-through is indirect: stronger European equities signal improving risk sentiment, but the divergence between Italy's bank-led surge and the rest suggests this is sector-specific rather than a wholesale macro shift. Whether that bank leadership holds — and whether it spills into broader risk assets — is the open question.