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

Fri, 01/27/2023 - 12:49

A Louis Vuitton store on Bond Street in London, United Kingdom, an area lined with luxury stores. — A Louis Vuitton store on London's Bond Street, an area lined with luxury stores.
Mike Kemp/In Pictures via Getty Images

European stock funds drew in $3.4 billion last week, the largest inflow since early 2022.
Investors want exposure to the euro area as it looks increasingly likely it will avoid a recession.
A warmer-than-expected winter and China's reopening are aiding Europe's economic prospects.

European stocks have pulled in the most cash in almost a year, according to figures released Friday, as the regional economy looks increasingly likely to stave off a recession.