Published on 20 Jan 2023 on Zacks via Yahoo Finance
Alongwith the global markets, European shares too have started 2023 with a bang. European stocks logged second straight weekly gains. The pan-European STOXX 600 hit a fresh nine-month high and Germany's DAX 40 rose to the highest level since mid-February.
Healthcare and banking stocks led the rally European shares while upbeat economic data from Britain too added to the investors’ joy. U.S. inflation data are showing signs of cooling paving the way for the Federal Reserve to slow the pace of rate hikes. This, in turn, led to a global market rally.
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