European stocks enjoyed a bumper day on Tuesday, with all major bourses closing the day deep into positive territory on a risk-on day for equities.
Stocks began the day slowly, but gradually gained as the day progressed.
The day's biggest winner was Italy's FTSE MIB, which climbed 2.27% to close at 18,787 points, boosted by the country's largest lender, and the country's only globally systemically important bank, Unicredit.
Unicredit saw shares climb almost 16% after it announced that it is cutting 14,000 jobs and raising €13 billion (£11 billion) in a record share sale as part of a plan to streamline its business and restructure its balance sheet.
An even bigger winner in Italy on the day was media company Mediaset, which closed the day a huge 32% higher following news that the company is resisting a hostile takeover bid from French firm Vivendi.
By Will Martin.
Full story at Yahoo News.
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