Utilities lift European stocks at the end of choppy week

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Reuters UK

(Reuters) – Utilities and healthcare stocks on Friday helped lift European equities from 2022 lows, as investors pivoted to safer bets amid growing worries that tighter monetary policies and surging inflation will cause a global recession. At the end of a volatile week, the pan-European STOXX 600 index rose 0.6%, on course to post small weekly gains, helped by defensive sectors such as healthcare and telecoms. German online fashion retailer Zalando slumped 16.8% to a more than three-year low after it lowered its 2022 outlook, citing deteriorating macro conditions and consumer confidence. Italy…

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