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European real estate stocks slide after higher-than-expected US CPI

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** European real estate stocks .SX86P fall after higher-than-expected U.S. consumer prices cast further doubt on potential interest rate cuts by the Fed in the near term

** Swedish stocks are at the bottom of the real estate index, with Fabege FABG.ST, Wallenstam WALLb.ST, Balder BALDb.ST and Sagax SAGAa.ST sliding 3-4%

** The Swedish real estate sector has suffered from soaring interest rates and mounting debt, threatening the country's financial stability

** "The Swedish Riksbank follows the Fed and the ECB quite closely," Carlsquare analyst Bertil Nilsson says, noting the higher-than-expected read means the Fed "is likely to become more hawkish"

** That will probably affect the Swedish central bank's rate cut path, he adds

** However, Nilsson says he finds the 3-4% declines in stocks "a bit excessive"

** Outside Sweden, Vonovia VNAn.DE, Unibail URW.PA, Kojamo KOJAMO.HE and LEG LEGn.DE slip around 2%

Reporting by Boleslaw Lasocki


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