Analysts at JPMorgan Chase issued a fresh warning on real estate, saying a potential further rise in yields poses a “major headwind,” following Citigroup’s call that the sector could halve in value. — Bloomberg
EVERYTHING is looking down for Europe’s worst-hit sector: Real estate.
Facing a double whammy of rising funding costs and a predicted economic slowdown, these highly-leveraged stocks are now seen as the most vulnerable corner of European stock markets.
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