Real Estate

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

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

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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.

Real estate topped gains among European industry groups as Swedish property manager Castellum AB jumped as DNB Bank ASA recommended buying the stock because of its attractive valuation. Belgium’s Warehouses de Pauw CVA rose after boosting its earnings outlook.

Deal activity also sparked investor interest on Tuesday. Vienna-based OMV AG surged after Bloomberg News reported the firm and Abu Dhabi are in talks to create a chemicals and plastics company worth more than $30 billion.

Meanwhile, Casino Guichard-Perrachon SA

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