European real estate shorts unwind - UBS
STOXX 600 down 0.1%
US payrolls loom
Real estate sector lags
Wall St futures higher
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
EUROPEAN REAL ESTATE SHORTS UNWIND - UBS
Real estate .SX86P is the worst performing sector in Europe on Friday, down 1% the day after the ECB delivered its first rate cut since it started hiking in mid-2022.
But short interest in property shares is falling, revealing more optimism, according to UBS analysts.
European real estate outperformed on a global basis in May, they say, with the space returning 5.7%, 2.4 percentage points more than global.
In a note, they highlight three takeaways for crowding, short interest and active ownership in European real estate in June.
"...short interest for European real estate has reduced again and, for the first time since June 2022, the sector is now less shorted than the wider STOXX 600 index," they write.
"Within European real estate, Allreal, SBB and Fabege saw rising short interest, while Wallenstam, Aroundtown and Tritax Big Box saw the reverse," they continue.
The three most shorted stocks continue to be Sweden's SBB SBBb.ST and Balder BALDb.ST and German landlord Aroundtown AT1.DE.
"Sentiment seems to have improved the most YTD on healthcare, while the improvement in May was most notable on residential," the bank said.
(Lucy Raitano)
*****
FRIDAY'S OTHER LIVE MARKETS POSTS:
STOXX 600 SOFT, PAYROLLS ON THE HORIZON CLICK HERE
EUROPEAN STOCK FUTURES CALM BEFORE PAYROLLS TEST CLICK HERE
GLOBAL RISK RALLY HINGES ON PAYROLLS CLICK HERE
Higher for longer? Higher for longer? https://tmsnrt.rs/41d2UWm
European shares mostly lower https://reut.rs/3Ri0K43
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
