European stocks open higher as regional markets rebound; UK recession confirmed

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European markets had a positive open Thursday, bouncing back from lackluster momentum earlier this week.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyThe Stoxx 600 index was up 0.2% in early deals, with most sectors in the green. Travel stocks led gains, up 0.74%, as construction slipped 0.3%.

Ukraine war live updates: Putin says NATO won't be attacked, but F-16s will; Kyiv claims Russia knew terror attack was comingAsian marketsCustomers sit at tables of a street cafe on the central Roemer Square in Frankfurt am Main, western Germany, on February 28, 2024.The business climate in the retail sector meanwhile"brightened noticeably in March," according to a survey from the Ifo Institute.

"The pessimism that has been such a feature of recent times is receding. Business in the run-up to Easter has apparently brought a ray of hope for many retailers," Ifo specialist Patrick Höppner said.Pedestrians shelter from the rain under umbrellas as they pass the Elizabeth Tower, commonly known by the name of the clock's bell,"Big Ben", at the Palace of Westminster, home to the Houses of Parliament, in London on February 22, 2024.

Renault previously sold a 5% stake back to Nissan in December, as it looks to reduce its ownership to 15% from around 43%.CNBC Pro: Is it time for investors to hedge for a market decline? The pros share their views and strategies's launch of powerful new artificial intelligence chips, Goldman Sachs is predicting major growth for memory chips used in AI systems.

 

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