European real estate, utilities firms rise after U.S. CPI

LEG Immobilien SE

11/07/2024 14:11

** Shares in European rate-sensitive real estate and
utilities firms rise after U.S. consumer prices unexpectedly
fell in June 
    ** The pan-European STOXX 600 real estate index  .SX86P 
rises as much as 2.2% to early June highs and is up 1.2% by 1309
GMT
    ** Germany's LEG Immobilien  LEGn.DE , Vonovia  VNAn.DE  are
top risers, both up about 2%
    ** Utilities  .SX6P  index is up 1.5%, boosted also by UK
water utilities after British regulator allows average bills
hike
    

 (Reporting by Matteo Allievi)
 ((Matteo.allievi@thomsonreuters.com))