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Deutsche Bank AG, Germany’s biggest bank, and BNP Paribas SA, France’s largest, surged more than 5 percent as Federal Reserve Chairman Ben S. Bernanke suggested lenders need not be nationalized. Deutsche Boerse AG added 5.8 percent after saying costs in 2009 will be lower than it had anticipated. Toyota Motor Corp. advanced 4.2 percent as the yen’s drop to the lowest level in three months bolstered the value of overseas sales.

The MSCI World Index rose for a second day, increasing 0.9 percent at 9:36 a.m. in London. The gauge of 23 developed countries lost 14 percent in the previous nine days as companies from Anglo American Plc to Cie. de Saint-Gobain SA indicated the recession is worsening and U.S. Treasury Secretary Timothy Geithner failed to convince investors that his plan to rescue U.S. banks will work.

“There was some relief that the equity investor won’t be wiped out at any moment” by U.S. bank nationalizations, Christian Gattiker, head of equity research and strategy at Bank Julius Baer & Co., said in a Bloomberg Television interview. The firm oversees about $307.6 billion. “There’s anecdotal evidence that we’re seeing some stabilization” in the markets, he said.

Europe’s Dow Jones Stoxx 600 Index gained 1.1 percent as Henkel AG and Rhodia SA reported profit that beat analysts’ estimates. The MSCI Asia Pacific Index advanced 1.7 percent, rebounding from a five-year low.