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Investors piling into European stocks as recession fears ease

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Investors are piling the most cash into European stocks in nearly as year as recession outlook fades

European leaders stockpiled fuel to prepare for a harsh winter after Russia cut its supply of natural gas to the region in the wake of its war against Ukraine. But demand has been weaker than anticipated, leading to a roughly 70%

Meanwhile, China, the world's second-largest economy, has been reopening activity there after recently retreating from its strict COVID lockdown measures. China is the world's largest oil importer and is among the biggest markets for luxury goods.

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