Stock market: Europe opens sharply, banks are doing well. Spreads down

European stock exchanges kick off into high gear, after Friday's drop on the back of a new wave of fears about the banking sector that hit more than other Deutsche Banks.

Paris rises by 1.27% with the Cac 40 at 7,103 points.

Frankfurt gains 1.18% with the Dax at 15,133 points.

London gains 0.95% with the FTSE 100 at 7,476 points.

The Milan Stock Exchange rebounds at the start.

The first Ftse Mib scores +1.47% at 26,273 points, to then smooth out the gap at the start with +0.83% at 26,101 points.

The banks are holding on

: Unicredit scores 1% and Intesa Sanpaolo +0.88%.

The spread between Btp and Bund drops to 184 points while the yield on the Italian 10-year bond, while decreasing, remains above the 4% threshold

Deutsche Bank

loses the momentum of the startup that led the stock to gain even up to 7%.

In Frankfurt, the institute's shares reversed course and lost 0.54%.

Kepler Analysts Say Market Concerns 'Starting to Get Irrational'

The spread between Btp and Bund starts decreasing.

The differential is close to 187 points at the start (186.8) from the 188 at last Friday's closing.

The yield on the Italian 10-year bond remains at 4% (4.048%).