"European Stocks" Pan-European Stoxx 600 turns up, Kering plans to reduce reliance on Gucci, stock price falls over 3%

The market's ongoing sell-off of technology stocks has begun to weaken, with European stocks rising on Wednesday, and the pan-European Stoxx 600 up 0.5%.

Reports indicate that the United States is formulating a peace plan for Ukraine and Russia, leading to a 2% drop in the European aerospace and defense index on Wednesday.

Luxury goods leader Kering is reportedly planning to reduce the scale of its retail network and decrease its reliance on the Gucci brand, with its stock price falling over 3%.

The UK FTSE 100 index fell by 16 points or 0.2%, closing at 9,535 points. The German DAX index rose by 113 points or 0.5%, closing at 23,293 points. The French CAC40 index rose by 15 points or 0.2%, closing at 7,983 points.~

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