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Europe stocks recoup more Brexit losses

European equities rose for a second day, recovering more of the declines triggered in the immediate aftermath of the U.K.’s decision to leave the European Union.

The number of shares changing hands today was 45 percent higher than the 30-day average.

European shares have had a wild ride ahead of and after the Brexit vote. After rising as much as 8.1 percent from a three-month low on June 14 through the day of the referendum, the Stoxx 600 tumbled 11 percent in the two days that followed. While the gauge has recouped about a third of those losses now, it’s still down 6.1 percent in June, poised for the worst monthly decline since January.