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European stocks open higher and real estate stocks decline

Adel 13 February, 2023 1:54 pm Forex Market, Market Update

European stocks opened higher on Monday ahead of US inflation data due on Tuesday, while real estate stocks fell on disappointing quarterly earnings from Sweden’s Castellum.

The Stoxx Europe 600 index rose 0.2 percent, after posting its first weekly decline in three weeks on Friday.

Stockholm-listed Castellum fell 5.8 percent after the company revealed plans to issue rights to increase its capital and its board did not propose a cash dividend.

The real estate index fell 1 percent.

All eyes are now focused on US inflation data due on Tuesday as markets hope to see a further decline in consumer prices in January.

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