European Stocks Edge Up but Outlook Remains Weak on Recession Fears and Central Bank Policies
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European stocks edged higher Monday following Wall Street gains, but outlook remains weak amid global growth concerns and restrictive monetary policies.
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Eurozone economic outlook deteriorated last week, suggesting growing chance of recession due to weakness in China.
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Investors concerned central banks will keep interest rates higher for longer to combat inflation.
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Volkswagen may cut administrative jobs as part of cost-cutting measures.
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Oil prices retreated Monday on persistent concerns over slowing global demand, especially from top importer China.