DAX drives European stocks rally as Bremain priced-in

A renewed risk-aversion wave hit the European markets, driving the region’s indices sharply higher as markets have almost priced-in that UK will remain in the EU amid polls underway.

The German DAX emerged the top performer amongst the European indices, while the FTSE also extended the rally to fresh two-week highs on renewed optimism. Banking stocks were one of the top gainers, alongside energy and resources stocks. Meanwhile, markets completely shrugged of mixed PMI reports from the Euro are economies.

Meanwhile, Germany's DAX 30 index jumps +2.13% at 10,280 points, while the UK’s FTSE rises +1.61% to 6,362. Among the other indices, the French CAC 40 index rallies +2.04% to 4,471 levels, while the pan-European Euro Stoxx 50 index rockets +1.56% to 3,044 points.

Markets now the final results on the EU referendum, which will be published on Friday from 3am local time onwards.