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Evergrande’s Frankfurt-listed shares jumped 15.1% after hitting multi-year lows in the previous session.
The property developer said it would make a coupon payment on its domestic bonds, offering relief to investors worried about the fallout of its financial troubles.
Boosting the travel & leisure index, Entain jumped 8.2% to a life high after the UK gambling firm revealed a $22.4 billion takeover proposal from Boston-based DraftKings (NASDAQ:DKNG).
The pan-European STOXX 600 rose 0.8% by 0720 GMT, extending Tuesday’s bounce with commodity-linked stocks also in the lead.
Deutsche Post (OTC:DPSGY) fell 2.3% after U.S. delivery firm FedEx Corp (NYSE:FDX) cut its full-year forecast after labour shortages crimped earnings and slowed packages.
