European Stocks Recoup Week’s Losses as Recession Concerns Ease
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European equities rose on Friday to recover the week’s losses as concern that the US economy may be slipping into recession waned.
The Stoxx Europe 600 Index ended the session 0.6% higher as the real estate, health-care and travel and leisure sectors rallied, leaving the benchmark with a slight gain for the week. At its session high, the index was up 0.7% on the week, an outcome that would have seemed improbable on Monday, when stocks wrapped up a three-day slide on recession concerns.