Close your equity hedge and buy more European stocks, Deutsche Bank recommends

European bourses rallied hard Tuesday, as Deutsche Bank recommended closing its hedge on equity exposure and going overweight stocks.

Buoyed by a rebound on Wall Street at the start of the week, the Europe-wide Stoxx 600 index XX:SXXP jumped 1.6% amid hopes the Federal Reserve was now minded to halt its cycle of interest rate rises.

London-listed…