European Stocks Push Higher on Coattails of S&P: Markets Wrap

European Stocks Push Higher on Coattails of S&P: Markets Wrap

(Bloomberg) — European stocks edged up after the S&P 500 closed at a new record high Friday amid optimism over eventual Federal Reserve interest-rate cuts and as investors look forward to a crucial update on US inflation.

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Rates-sensitive real estate stocks led broad gains across almost every industry group in Europe. Shares in Italian luxury brand Tod SpA shares rose as much as 18% after the founding family said it had enlisted buyout firm L Catterton in a new attempt…


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