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UK homebuilders
Trends
- 1European shares rise as UK homebuilders rally●European shares rise as UK homebuilder rally offsets oil, bond pressures
European stock markets closed higher, with a strong rally among UK homebuilders offsetting pressure from oil stocks and bond markets. Reuters reporting carried by multiple outlets says the homebuilder surge was the main driver of gains, while weakness in energy shares and bond moves weighed on sentiment. The report does not detail the specific cause of the homebuilder rally.