Banking shares recorded a slight rise on Thursday’s opening sessions in stock markets across Europe, following the massive sell offs of the previous days. The US FED’s announcement that it would not increase interest rates until more positive data came out of the US economy and to mitigate concerns following the Brexit shock contributed to the recovery of bank shares. Banking shares have dropped to breaching the 2011 low, during the height of the Eurozone crisis. the European Stoxx 600 is hovering only 1.4% above the 2011 lows, with the index strengthening by 1.2% during Thursday’s session. The banking sector has seen almost 40% of its share value wiped out in the last year, with Banco Popular Espanol SA, Banca Monte dei Paschi di Siena SpA, Deutsche Bank AG and Credit Suisse Group AG tanking at record lows this week. The FTSE 100 was up by 1.34% at 6,551 points, while the DAX index also showed some positive signs with a 0.88% rise at 9,456. CAC 40 also had a slight upward bounce of 1.3% at 4,138 points, while IBEX recorded gains of 1.3% at 8,028 points. The shares of Banca Monte dei Paschi di Siena SpA recorded the highest rise with +2,74%.