European stocks trend higher while real estate shares decline

European stocks opened higher today, Monday, ahead of US inflation data, which is scheduled to be released on Tuesday, while real estate stocks fell on disappointing quarterly results from the Swedish company Castellum.

According to “Reuters”, the Stoxx 600 index of European shares rose 0.2 percent, after recording its first weekly decline in three weeks on Friday.

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

The real estate sector index fell 1 percent

All eyes are now focused on US inflation data, which will be released on Tuesday, as markets hope to see a further decline in consumer prices in January.