Real Estate Leads European Stock Gains; Oil Rises: Markets Wrap

Strategists are increasingly warning about risks for equities
Pakistani rupee rallies as IMF bailout eases default worries

WATCH: “The equity market does not prefer uncertainty,” says Melda Mergen of Columbia Management.Source: Bloomberg

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By Namitha Jagadeesh

July 3, 2023 at 10:43 PM UTC

Updated on

July 4, 2023 at 9:12 PM UTC

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European real estate shares headed for their biggest three-day advance since March, while oil climbed as traders weighed supply cuts.

Global stock market trading was light on Tuesday, with US exchanges closed for the Independence Day holiday. Europe’s Stoxx 600 edged higher on trading volume that was a third lower than the 30-day average. US futures were little changed, while Canada’s benchmark equity gauge rose.