European stocks make tentative gains amid global growth worries

Published by
Reuters UK

(Reuters) -European stocks rose from two-month lows on Tuesday, as bargain hunters returned to buy beaten-down shares following a bruising selloff on worries about a sharp slowdown in the global economic growth. The pan-European STOXX 600 index rose 1.2%, with most sectors barring defensive healthcare stocks gaining. Global stocks have been hammered in May, with high-growth stocks bearing the brunt on worries that major central banks will aggressively raise interest rates to curb inflation. On Wall Street, the tech-heavy Nasdaq dropped more than 4% on Monday. The STOXX 600 has shed nearly 6% i…

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