Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    51,275.68
    -120.74 (-0.23%)
     

  • CMC Crypto 200

    1,364.77
    +52.15 (+3.99%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

BUZZ-Rising chances of U.S. rate hike hits European real estate sector

Reuters - UK Focus

** European real estate stocks down 1.9 pct and poised for their worst 2-day drop in about 2 years as probability of a June rate hike in the U.S. rises

** Forecast-beating U.S. jobs numbers on Friday sparked a slide in real estate stocks in Europe that has spilled over into Monday morning

** Sector, one of the best performers over past 3 months and cited as a key beneficiary of ECB QE, hit record high last week

** JPMorgan reshuffled its stance on the sector in favour of the UK vs continental Europe as the former plays catch-up

** UK property stocks trading at a 4% discount to net asset value vs continental stocks at a 17% premium, JPM says

** European real estate index the worst performer across the region significantly underperforming the Stoxx 600's 0.6 pct decline (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net; RM: alasdair.pal.thomsonreuters.com@reuters.net)