Sports

European shares rise after four-day pullback

The pan-European STOXX 600 rose 1% by 0709 GMT, after shedding 12.1% in just the past four sessions as investors worried about a possible global recession triggered by the recent escalation in the trade war. The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday as the 27-member bloc struggles with tariffs on autos and metals already in place, and faces a 20% tariff on other products on Wednesday. Infineon Technologies fell 1.6% after the German chipmaker said it would buy Marvell Technology's automotive ethernet business for about $2.5 billion in cash, to expand its microcontroller segment.

The pan-European STOXX 600 rose 1% by 0709 GMT, after shedding 12.1% in just the past four sessions as investors worried about a possible global recession triggered by the recent escalation in the trade war. The European Commission proposed counter-tariffs of 25% on a range of U.

S. goods on Monday as the 27-member bloc struggles with tariffs on autos and metals already in place, and faces a 20% tariff on other products on Wednesday. Infineon Technologies fell 1.

6% after the German chipmaker said it would buy Marvell Technology's automotive ethernet business for about $2.5 billion in cash, to expand its microcontroller segment..