, down 2.6 per cent, slid as they traded without entitlement for dividend payout.share price rose 1.7 per cent, while shares inReflecting the generally upbeat mood in equity markets on Thursday, the pan-European Stoxx 600 and the blue-chip Stoxx 50 indices both gained 0.5 and 0.4 per cent respectively. At the national level, the French Cac40 also added 0.4 per cent, while the German Dax index climbed by close to 0.8 per cent.
The real estate sector outperformed, boosted by the prospects of slower rate hikes and analyst upgrades. German real estate groupItalian and Spanish banks also felt the benefit with Turin-headquarteredThere was no cash US equity market trading on Thursday sue to the Thanksgiving holiday. However, Wall Street futures were up after the S&P 500 closed at a two-month high Wednesday.
“It was the start of a more different and dovish narrative from the Fed”, said Sunaina Sinha Haldea, global head of private capital advisory at Raymond James. “Is it a pivot? No, but are we seeing a slowdown in rate hikes and that path downwards towards rate cuts coming through? Yes. I think we will look back and say this was the peak of it.”
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