LIVE MARKETS-Real estate up, STOXX muted, banks drag
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REAL ESTATE UP, STOXX MUTED, BANKS DRAG
It was a muted open in Europe on Thursday, with all eyes on the latest moves by a trio of central banks, amid increasing uncertainty over the impact of U.S. trade policy on growth.
The STOXX 600 .STOXX hovered around parity and was last down 0.2%, while the FTSE 100 .FTSE in London added 0.1%, ahead of the Bank of England rate decision later on.
The Swiss National Bank cut rates by 25 basis points, while Sweden's Riksbank stood pat. Both decisions were as expected.
Real estate .SX86P was a relatively bright spot, up as much as 1.1% after Norway's sovereign wealth fund made $1 bln property investments, injecting some confidence in the sector.
Banks .SX7P saw profit-taking after surging 26% year-to-date. Here is your opening snapshot:
(Danilo Masoni)
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