Euro Stoxx 50 index gained 1,6%, Bloomberg reports. Perspectives for Brexit deal as well as for trade agreement between the US and China support growth of European shares, Bloomberg reports.

It is time for stress test of banks. In nearest time European Banking Authority will issue results that might influence expectations in regards to dividends of separate banks or share buyback programs. Experts assume that banks, which significantly reduced share of non-performing loans in 2018, might still show disappointing results, as test evaluates balance sheets starting from the end of 2017. Investors shall keep this in mind when looking at results of Commerzbank AG, AIB Group Plc or Intesa Sanpaolo SpA

Activist hedge fund Hudson Executive Capital took long position in regards to Deutsche Bank. This might be the beginning of turnaround for largest lender in Germany, whose shares fell to a new low.

After longest period of outflows for European stocks, large investors might want to see real improvements in PMI indexes of the region, in order to start buying stocks again. It shall be noted that on the week till October 31st European shares observed additional outflow of $3,9 billion.