European STOXX 600 closes up 1.26% at 656.52

The breadth of the move matters more than the headline gain: the Euro STOXX 50's 1.94% advance outpaced the broader STOXX 600, and its reclaim of the 50-day average while closing in on the 100-day suggests large caps are leading the rebound. That the session built steadily after a softer open points to persistent buying rather than a single catalyst. Whether the Euro STOXX 50 can clear that 100-day level, and whether the STOXX 600 holds above its own 100-day average, is the open question.