Live Markets: Sea of green for European markets

TAG Immobilien AG

12/02/2024 09:02

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      STOXX 600 up 0.5%
    

        * 
      Most Asia-Pac markets closed for holiday
    

        * 
      Wall St futures steady
    

  
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    SEA OF GREEN FOR EUROPEAN MARKETS
    All the major European equity indexes are trading higher on Monday in a relatively calm
start before key inflation data from the U.S., UK and Switzerland is released later in the week.
    The pan-European STOXX 600  .STOXX  is up around 0.4%, trading just below a more than
two-year high reached earlier this month. 
    Britain's FTSE 100  .FTSE , Germany's DAX 40  .GDAXI  and France's CAC 40  .FCHI  are up
0.04%-0.35%. 
    Italy's FTSE MIB  .FTMIB  is up over 0.6% to its highest since 2008, while the IBEX  .IBEX 
in Spain is up by a similar margin. 
    The real estate sector  .SX86P  leads the way up, recovering from touching its lowest level
since Dec. 1 on Friday, supported by a near 3% rise in Germany's TAG Immobilien  TEGG.DE . 
    M&A in the sector comes from across the North Sea with shares in UK Commercial Property REIT
 UKCM.L  rising almost 5% after receiving a possible offer from Tritax Big Box  BBOXT.L ,
valuing them at 924 million pounds. 
    In other corporate news, Siemens Energy  ENR1n.DE  is up over 4% after an upgrade at BofA
Securities. 
    Here's your opening snapshot: 
    (Samuel Indyk)
    *****
    
    FOR MONDAY'S OTHER LIVE MARKETS POSTS:   
    EUROPEAN SHARES SET TO CONTINUE MARCH HIGHER CLICK HERE  
        US INFLATION LOOMS LARGE WITH ASIA ON HOLIDAY 
    CLICK HERE
  
        
  

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