European Stocks Rebound at Start of 2023 Amid Holiday Trade – Bloomberg

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European equities advanced on the first day of trading in 2023 as traders assessed cheaper valuations following last year’s slump, all on lighter-than-average volumes as UK and Swiss markets remain shut for a holiday.
The Stoxx Europe 600 closed 1% higher, with trading volumes roughly a third of the average over the past 30 days. Gains were led by the automotive, energy and retail sectors, and among individual stocks, some of last year’s biggest laggards surged.

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