LIVE MARKETS-Nestle, real estate shares drag STOXX down as bonds tumble

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NESTLE, REAL ESTATE SHARES DRAG STOXX DOWN AS BONDS TUMBLE

The pan European STOXX 600 index is down in early trading on Tuesday, pushed down by rate-sensitive real estate stocks as government bond yields rise across the bloc.

The STOXX 600 index .STOXX is down 0.65%, with real estate stocks .SX86P down 1.9% and retailers .SXRP down 1.7%.

Bond yields are up across Europe with 30 year yields in Britain GB30YT=RR and France FR30YT=RR at their highest since 1998 and 2009 respectively. GVD/EUR GB/

Also weighing on markets, Nestle NESN.S shares are down around 2% after the Swiss food giant ousted Chief Executive Laurent Freixe a year into his tenure, for failing to disclose a romantic relationship with a subordinate.

Euro zone inflation data due at 0900 GMT. Economists polled by Reuters expect to have remained stable at 2%, while ECB policymaker Isabel Schnabel told Reuters that the central bank should keep interest rates steady as the euro zone economy is holding its own in the face of U.S. tariffs and inflation may still come in higher than expected.

In London, Ithaca energy ITH.L shares are down 11% after its two largest shareholders sold an about 3% stake in the company at a discount.

(JOICE ALVES)

FOR TUESDAY'S OTHER LIVE MARKETS POSTS:

NESTLE IN STICKY SITUATION, MUCH LIKE EURO ZONE INFLATION CLIK HERE

EUROPEAN FUTURES LITTLE CHANGED AHEAD OF EURO ZONE INFLATION CLICK HERE