European Debt Crisis Is Dawning &Nbsp; European Stocks Soared 4.4%

On Wednesday morning, Beijing time, European stock markets soared on Tuesday, and investors were optimistic about Europe.

Pan European Dow Jones Stoxx 600 index rose 4.4%, closing at 229.91 points.

The index has risen for three consecutive days after hitting two or more new lows last week.

The French CAC 40 index rose 5.7%, closing at 3023.38 points.

The German DAX 30 index rose 5.3%, closing at 5628.44 points.

Bank stocks are outstanding. Investors continue to hope that the size of the euro zone rescue fund will expand and the capital of disadvantaged banks will be replenished.

French bank shares took the lead, while Paris Bank of France rose 14.2% and 12.43,0.12,0.97% rose nearly 17%.

Deutsche Bank rose nearly 13%, Barclays Bank

Mike Lenhoff, chief analyst at Brewin Dolphin, said that after the end of the International Monetary Fund's meeting in Washington on Sunday, European leaders finally understood the strength needed to deal with the crisis.

"More importantly, they are not only driven by developed countries, but also by developing countries such as China and Brazil," he said.

The market is not sure yet, but at least ready to welcome new initiatives. "

The message from European leaders is still chaotic.

Ewald Nowotny, member of the European Central Bank's management committee, said on Monday that discussions on expanding the European financial stability fund are under way.

German Chancellor Merkel met with Greek Prime Minister Papandreou on Tuesday.

German truck maker Man SE rose 7.2%, and the European Commission approved the request of Volkswagen to buy the company on Monday.

Volkswagen increased by 6.7%.

Daimler was up 7.2%, and Credit Suisse upgraded the rating from "neutral" to "big market."

The broker pointed out that Daimler has 8 billion euros ($10 billion 900 million) in cash and may propose a plan to cut labor costs.

In the UK, mining stocks took the lead.

The financial times 100 index rose 4%, closing at 5294.05 points.

Silver and gold mineral company Fresnill rose by 10.3%, stimulated by silver prices.

British Petroleum rose 5.2%.

Wine bar and restaurant operator Mitchells & Butlers fell 2.4%.

The company reported that in the first 9 months of the 7 fiscal year ended September, comparable sales grew by 0.5%, much lower than the same period last year.