Trading news

Floor Caving In on Europe Real Estate Stocks Bashed by Rates

Battered by rising bond yields and Brexit uncertainty, the Stoxx 600 Real Estate Index has slumped to its lowest level since 2014 relative to its parent gauge. Now, it’s on the verge of falling below a technical threshold that has acted as a support since 2009, which would be a bearish signal.

Real estate shares have tumbled almost 13 percent since the U.K. voted to leave the European Union as concern about falling property prices hurt British companies, while bets for faster economic growth under Donald Trump spurred declines in the sector considered a bond proxy. U.K. firms make up roughly a fourth of the European sub-index, data compiled by Bloomberg.

AG Markets Review

Friday, 20 Jan, 2017 / 3:49

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Source : https://www.ag-markets.com/news/

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