Real estate stocks lead European shares to biggest weekly gain since March

Nov 3 - Europe's benchmark STOXX 600 index posted its biggest weekly gain since March on Friday, supported by interest rate-sensitive real estate stocks as signs of an end to monetary policy tightening by major central banks boosted sentiment

"There's a cautious optimism that it's the end of rate hikes, but that narrative is premature because we need to see how the data is coming up," said Giles Coghlan, chief market analyst at GCFX Ltd.ECB board member Isabel Schnabel noted the central bank is on track to push inflation back down to 2% by 2025 but the"last mile" of disinflation may be the toughest, so the bank cannot yet close the door on further rate hikes.

Andritz gained 6.2% after JPMorgan upgraded the Austrian industrial equipment maker to"overweight" from"neutral", citing a strong backlog that gives visibility on next year.

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