LIVE MARKETS-Europe starts the week solidly
European markets opened the week positively, with the STOXX 600 index rising approximately 0.4%. Mining and tech stocks led the gains, each up nearly 1.5%. Notably, shares of Big Yellow Group surged 20% following Blackstone's consideration of an offer, while Tritax Big Box announced a £1.04 billion acquisition of Blackstone's UK logistics assets. Safestore shares also increased by 12%.
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EUROPE STARTS THE WEEK SOLIDLY
It’s been a solid but not too spectacular first hour or so of trading in Europe, as dip buyers jumped in, but not quite as aggressively as futures imply they are set to in the U.S.
The broad STOXX 600 is up around 0.4% much less than the 1.25% it fell on Friday, when tariff news got going again. (.STOXX)
Mining and tech stocks are leading the bounce back each up nearly 1.5%.
On the single stock front, it’s all about British self storage companies - not a sentence that gets written much.
Big Yellow Group shares are up 20%, top of the STOXX 600, after Blackstone
- said in an exchange filing it was considering an offer.
Meanwhile, Tritax Big Box (BBOXT.L) said on Monday it has agreed to acquire Blackstone’s UK logistics assets for 1.04 billion pounds ($1.39 billion). Another storage firm Safestore (SAFE.L) shares are up 12%.
(Alun John) EARLIER LIVE MARKETS POSTS
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