European Stocks Rise Led by Oil Stocks as Recession Fears Ease
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European shares advanced, snapping a four-session losing streak, as investors rotate out of cyclical sectors such as autos, miners and banks, and into defensive stocks including health care, food & beverages and real estate.
The Stoxx Europe 600 Index was up 0.5 percent at its session peak as of 11:29 a.m. CET, after Japan led Asian markets higher and energy stocks increased with oil prices.