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STOXX Europe 600 hits highest level since mid-2008

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(Globalpost/GlobalPost)

PARIS, March 5 (Reuters) - The broad STOXX Europe 600 benchmark share index hit its highest level since mid-2008 on Tuesday, led by a sharp rally in European banking stocks.

At 0840 GMT, the index was up 1.14 percent at 292.22. It has gained 40 percent since a floor hit in September 2011.

The STOXX Europe 600 Banking Index was among the top gaining sectors, up 1.8 percent, buoyed by gains for Standard Chartered after it posted results.

http://www.globalpost.com/dispatch/news/thomson-reuters/130305/stoxx-europe-600-hits-highest-level-mid-2008