STOXX at record high, real estate and utilities rise
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STOXX AT RECORD HIGH, REAL ESTATE AND UTILITIES RISE
Europe's benchmark STOXX 600 .STOXX has hit a record intraday high in early trading, last up 0.3% at 525.94 points as hopes for substantial rate cuts from the Federal Reserve this year while the global economy holds up relatively well boost sentiment.
Real estate stocks .SX86P are rebounding 1.6% after dropping 1.8% on Thursday, while utilities .SXKP are also providing a lift, up 0.9%.
Tech .SX8P names are the worst off today, down 0.5% and retracing the previous session's gains of 2.2%.
French stocks are well represented among the top movers today, with Elis .ELIS.PA. up 4.3% at the top of the index after JPMorgan reinstated coverage with an overweight rating. The same story is behind Spie's SPIE.PA 3.1% upwards move. French telecom company Teleperformance .TEPRF.PA is rising 2.4%.
On the flipside, shares in Danish medical equipment maker .AMBUb.CO are down about 14%, as its third quarter results showed its endoscopy segment lags expectations. The next worst off is Frontline HF6.F, down 3.3% after Q2 results.
(Lucy Raitano)
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FOR FRIDAY'S OTHER LIVE MARKETS POSTS
WEAK START AHEAD BUT STOXX RECORD JUST IN REACH CLICK HERE
BRING ON THE RATE CUTS CLICK HERE
Core inflation in Tokyo accelerates https://reut.rs/3YZh0M1
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