European equities recover after three sessions of losses, but concern persists

European stocks climbed Wednesday, reversing three consecutive losses as a result of a multi-billion dollar merger in the German chemicals sector, but a sharp decline in US stocks on Wall Street opened lower gains in Europe.

The European STOXX 600 ended the session up 0.2% after climbing 1% during the session when the German chemical groups Bayer and Lanxess announced the sale of Carenta, a chemical complex, to Macquarie Infrastructure and Real Assets for 3.5 billion euros. Dollars).

Bayer shares jumped 6%, strengthening the European index and also helping the German Stokes index to ignore weak industrial production data.

However, all major European indices reduced their gains as US stocks fell sharply, as investors feared that the last signs of the bond markets would lead to an increased risk of recession.

In the last three sessions, the STOXX 600 has dropped about 5%. In July, it recorded a loss of 5.7%.