European stocks rebounded on Wednesday after investors took stock of the market’s recent sell-off on concerns over Western sanctions on Russia following Russia’s invasion of Ukraine.
The pan-European Stoxx 600 index rose 2.6% after four days of losses. According to Reuters news agency, the hard-hit banking, travel and leisure sectors and automakers made gains in morning trading.
The shares of European “Apple” providers such as “ASML”, “AMS” and “Infineon” increased from 3.5 to 5%, after the addition of functionality that connects to “Apple” generation networks – from fifth lowest – fastest chip for iPhone SE and iPad Air. Provided by.
Adidas shares rose 7.6% as German sportswear sales expected a rebound in China, but warned shutting down business in Russia could cause damage of up to $250 million ($273.10 million).
Shares of Unicredit, Italy’s second largest bank, rose 7.4%, while shares of French BNP Paribas rose 7.9% as both banks gained exposure to Russia.
Global stock markets fell yesterday (Tuesday), sparking global inflation fears after the United States and Britain moved to ban oil imports from Russia. The pan-European Stoxx 600 index has lost nearly 13% since the start of this year.
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