European banks on track for biggest one-day jump in nearly 5 years

Shares in European banks rise after U.S. President Donald Trump's decision to pause most of the hefty duties he had just imposed on dozens of countries brought relief for battered global stock markets on Thursday

The STOXX 600 banks index .SX7P rises 9% at 0757 GMT, after declining 17% over the last five trading sessions

If gains hold, the benchmark will see its biggest one-day jump since November 2020; it is among the best performers on the wider STOXX 600 .STOXX index, which is up 6%

France's SocGen SOGN.PA, BNP Paribas BNPP.PA and Credit Agricole CRAP.PA rise between 6% and 10%

Germany's Deutsche Bank DBKGn.DE, Commerzbank CBKG.DE, Austria's Raiffeisen Bank RVIV.VI and Erste Group ERST.VI and Switzerland's UBS Group UBSG.S rise between 7% and 10%

Denmark's Danske Bank DANSKE.CO, Sweden's SEB SEBa.ST and Finland's Nordea Bank NDAFI.HE are up 7-8%

Spain's Bankinter BKT.MC, Caixabank CABK.MC, Santander SAN.MC and Sabadell SABE.MC rise between 9% and 10%

Italian banks UniCredit CRDI.MI, Banca Mediolanum BMED.MI, Finecobank FBK.MI, Intesa Sanpaolo ISP.MI, BPER Banca EMII.MI and Banca Monte dei Paschi di Siena BMPS.MI rise 10-11%