European Stocks Gain After Dip as Investors Mull Low Valuations
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European equities climbed after two days of declines as investors took advantage of more appealing valuations while weighing risks from hawkish central banks and the war in Ukraine.
The Stoxx Europe 600 rose 1.3% by the close in London, led by gains in banking and energy shares. Healthcare shares rose to a record high, posting the best weekly gain since November 2020 as investors turn to the most defensive sectors in search of a haven from volatility. Travel and leisure underperformed.