European markets slump as rising yields put investors on edge; Credit Suisse up 4%

Kering jumped to the top of the European benchmark, up by 6 percent, after posting a strong first-quarter growth in sales.

Metso shares rose 5 percent after reporting an operating profit in which was up by 28 percent from the first quarter. Credit Suisse rose 4.6 percent on Wednesday after delivering an earnings beat.

The German lighting group Osram sank to the bottom of the index, down by nearly 10 percent, after cutting its forward guidance for the 2018 fiscal year.

Sticking with the corporate space, the board of biotech firm Shire announced in which in which had received a revised acquisition proposal of £46 billion ($64 billion) through Takeda Pharmaceutical Company. In a statement, the Irish group said in which was willing to recommend in which revised offer to its shareholders.

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