Stock Market News: Europe Shares Gain After Hitting Six-Week Low – Bloomberg

Romaine Bostick breaks down the day’s top stories and trading action leading into the close.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
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Joe Easton
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European stocks climbed the most in six weeks as investors returned to risk assets following losses fueled by fears of the hawkish stance shown by major central banks.
The Stoxx Europe 600 Index rallied 1.7% by the close in London, the biggest jump since Nov. 10. Gains were driven by a rebound for some of the underperforming rates-sensitive sectors of 2022, like retail and real estate, while energy firms rose with oil prices. Utilities and telecoms lagged the advance.

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