European stocks closed higher on Tuesday as traders returned to real estate companies and awaited economic data that will influence the next policy moves of global central banks.
Europe’s region-wide Stoxx 600 rose 0.1 per cent, with investors snapping up shares of Swedish property companies that have been hit in recent months by fears that high interest rates would dent house prices and curb bank lending.
The Stoxx Europe 600 Real Estate index closed up 2.7 per cent, its biggest one-day rise in a month. Sweden’s Balder added 5.8 per cent and domestic peer Castellum rose 5.7 per cent.
Read the full story on the Financial Times here.