US Stock Market Movement | European bank stocks generally rise before the opening, Deutsche Bank (DB.US) up nearly 7%

智通财经APP has learned that on Wednesday, European banking stocks broadly rose in pre-market trading, with Deutsche Bank (DB.US) and Santander Bank (SAN.US) up nearly 7%, and BBVA (BBVA.US), Barclays (BCS.US), and HSBC Holdings (HSBC.US) gaining over 5%. Analysts believe the core reasons for the strong rebound in European banking stocks are the clarity of election results, the release of prior reduction pressure, and the pullback in bond yields, which collectively narrowed the risk discount on bank stocks. The sweeping victory of the Democratic Party in the US Congress has weakened market bets on further expansion of US military spending but has instead boosted optimism among European banking stocks regarding improvements in the financing environment and credit outlook.