European stocks bounced as markets attempted to reverse a negative slide

London +2.09%.

Germany +1.60%. German Industrial Orders MM (May) 0.1% (Forecast -0.5%, Previous -2.7%).

France +1.70%.

The pan-European Stoxx 600 jumped 1.9% in early trade, with travel and leisure stocks adding to lead gains as almost all sectors and major bourses entered positive territory.

The higher trade for Europe comes after the pan-European Stoxx 600 closed down by 2.1% on Tuesday as fears of a recession grew in the region.

On Tuesday, the euro fell to its lowest level in two decades as fears of a recession ramped up, with gas prices soaring and the Ukraine war showing no signs of abating.

Euro-area Construction PMIs Act: 47 Prev: 49.2.

Coming up in the session: Bank of England officials speaking at 0810 GMT; Bank of England Deputy Governor Jon Cunliffe speaks about central bank digital currencies at 1230 GMT.

In bond market, The yield on 10-year Treasuries was little changed to 2.81%.

Germany’s 10-year yield was little changed to 1.19%.

Britain’s 10-year yield was up more than two basis point to 2.08%.