Big Oil and tanks top Europe’s stock markets as real estate lags
There were financial winners and losers among European stocks in 2022; defense companies and old economy sectors like oil turned a nice profit due to geopolitical events, and big pharma advanced. Retail was adversely affected, as the cost of living went up.
By Jonas Ekblom and Saksha Menezes/Bloomberg
Beset by war, soaring costs and higher interest rates, 2022 was a year many European companies — and stock market investors — would prefer to forget.
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