Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

European stocks extend rally as real estate firms surge

European stocks extend rally as real estate firms surge
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 28, 2019. REUTERS/Staff -
Copyright
STAFF(Reuters)
Euronews logo
Text size Aa Aa

(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 FTSEMIB <.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.

(Reporting by Amy Caren Daniel in Bengaluru; Editing by Arun Koyyur)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.