Markets rally on €750bn EU bail-out. European stock markets staged their strongest recovery on Monday since the US government stepped in to rescue Citigroup in November 2008, while sovereign bonds of the eurozone’s most heavily indebted nations staged their biggest one-day rally since the launch of the euro over 11 years ago. The Eurofirst 300 rallied 6.3 per cent with the FTSE 100 up 5 per cent, sending the UK stock market index almost back into positive territory for the year to date. Banks led the gainers with European financials up 13 per cent and France’s Société Générale , the continent’s second highest riser, up 24.1 per cent.