Thursday, February 9, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Real Estate

Travel, real estate stocks take European shares to fresh peaks

MtR by MtR
June 8, 2021
in Real Estate
0
Travel, real estate stocks take European shares to fresh peaks


(Reuters) -European stocks hit new highs on Tuesday, lifted by travel and real estate shares, but weak German industrial output data and doubts over the United Kingdom lifting restrictions later this month capped gains.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 7, 2021. REUTERS/Staff

The pan-European STOXX 600 index was flat after notching a record high earlier, with sectors considered more stable such as real estate and telecoms leading the gains.

The travel and leisure index rose 0.7%, supported largely by gains in low-cost carrier easyJet after Goldman Sachs upgraded the stock to “buy”.

Data showed German industrial output fell unexpectedly in April, in a further sign that semiconductor shortages and other supply bottlenecks are hampering the recovery in Europe’s largest economy.

Automakers fell 0.5% after a six-day rally that took the index close to its record peak.

“I think it says more about the supply constraints. The big question is how long will these remain,” said Teeuwe Mevissen, senior market economist at Rabobank.

“Markets are in a wait-and-see mode. Valuations are high, and they need new catalysts to justify further buying.”

UK’s blue-chip FTSE 100 held steady, boosted by a weaker pound and a 1.6% rise in British American Tobacco after it raised its annual revenue growth forecast.

Investor concerns were, however, stoked as The Times reported that Britain’s next phase in easing of lockdown on June 21 could be delayed by a fortnight amid concerns over the spreading of new variants of COVID-19.

Global markets traded in a tight range ahead of a policy meeting of the European Central Bank and U.S. inflation data this week.

The ECB is expected to reaffirm its emergency bond purchases programme at the current pace as signs emerge that the euro zone is not recovering as fast as expected, while the inflation reading would be the last key data ahead of the Federal Reserve meeting next week.

Swiss contract drugmaker Lonza gained 4.5% after Goldman Sachs upgraded the stock to “buy”, while German airline Lufthansa fell 2.9% after the brokerage downgraded the stock to “sell”.

Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila



Source link

Related articles

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

Global anxiety over Chinese real estate crisis

August 10, 2022

Related Posts

Investment in overseas real estate surges : The DONG-A ILBO

by MtR
August 11, 2022
0

Ms. Kim in her 50s plans to go on a field survey to New York to see a studio condominium...

Global anxiety over Chinese real estate crisis

by MtR
August 10, 2022
0

The world’s second largest economy might have a real estate crisis looming. If that reverberates over to it’s globally-wired-in financial...

Health Care Real Estate Company Names New GC Ahead of Possible IPO

by MtR
August 10, 2022
0

Irvine, California-based real estate investment trust American Healthcare REIT has hired a new general counsel, less than a month after...

A day in the life of a Blackstone real estate associate

by MtR
August 10, 2022
0

Day in the life: Serena, Real Estate Management Associate at Blackstone, London Serena graduated from Cambridge University with a degree...

Boardwalk Real Estate: Q2 Earnings Snapshot

by MtR
August 10, 2022
0

CALGARY, Alberta (AP) _ Boardwalk Real Estate Investment Trust (BOWFF) on Tuesday reported a key measure of profitability in its...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter