Tech stocks lift STOXX as real estate drags
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TECH STOCKS LIFT STOXX AS REAL ESTATE DRAGS
Europe's STOXX 600 .STOXX is up 0.6%, led higher by tech and miners while real estate drags.
The tech index .SX8P is up 1%, helped out by the UK's Sage .SGE., which soared 17.5% after the multinational enterprise software firm reported a surge in full year profit and a share buyback.
Meanwhile real estate .SX86P is the worst off sector, down 0.2%, with UK REITS leading the charge downwards. British Land BLND.L is off 3% after results. Other UK REITs are flashing red near the bottom of the STOXX 600, with Land Securities, Persimmon and Taylor Wimpey down between 1.9%-1.6%.
Following latest figures showing inflation rising in the UK, the FTSE 100 .FTSE is underperforming its European counterparts, but still trading positively, up 0.2% while the mid-cap FTSE 250 .FTMC is down 0.1%.
One of the biggest overall losers is France's La Française des Jeux FDJ.PA, down 4.6% after Credit Agricole Assurances sold shares in the gaming group.
(Lucy Raitano)
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