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European stocks extend rally as real estate firms surge

Published 08/30/2019, 03:22 PM
Updated 08/30/2019, 03:30 PM
European stocks extend rally as real estate firms surge

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Aug 30 (Reuters) - European stocks on Friday extended gains
from the previous session, helped by a surge in German real
estate companies and on relief that trade tensions between the
United States and China were easing.
The pan-European STOXX 600 index .STOXX rose 0.31% by 0715
GMT, after hitting near one-month highs on Thursday.
The real estate sector .SX86P sector jumped 1.71%, led by
gains in shares of German real estate companies after a report
that the rent freeze in Berlin could be less strict than
previously planned.
Shares of Deutsche Wohnen DWNG.DE , Vonovia SE VNAn.DE
and LEG Immobilien AG LEGn.DE rose between 3.6% and 10%.
Meanwhile, Italy's FTSE MIB .FTMIB was set to post its
third straight session of gains, up 0.24%, as the country
appears to be moving closer to ending a three-week political
crisis with the collapse of one government and the arrival of
another.

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