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Stocks in Europe Resume Retreat as Rebound Proves Temporary

  • Stoxx 600 briefly erased intraday losses before falling again
  • Syngenta slumps after Monsanto said it abandoned its bid
Bloomberg business news

What Happened to Tuesday's Market Rally?

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Even the best day since 2011 wasn’t enough to reverse fortunes for European stocks, which resumed declines on Wednesday.

Investors have dealt with zigzags this week, as European stocks first slid the most since the financial crisis, before rallying yesterday after China cut interest rates. A late-day announcement that Monsanto Co. abandoned efforts to acquire Syngenta AG sent shares of the Swiss company down 18 percent, the most on the Stoxx Europe 600 Index.