European stock markets rose then fell on Wednesday, as investors took cues from the rebound seen in U.S. markets.
The pan European Stoxx 600 Index closed down 0.9 percent to 354.89. Most individual bourses in Europe were traded lower, after a strong start on Wall Street faded. Before giving up gains, the Dow Jones industrial average jumped over 250 points in morning trade, on the back of strong earnings reports.
Looking at the corporate space, stocks showed a mixed to positive picture with the retail sector leading the pack, up over 1.5 percent as a whole. France’s Carrefour topped Europe’s benchmarks after an upbeat earnings report, which saw the retailer express optimism for its strategy plan going forward. Shares jumped nearly 7 percent.