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UK property, housing stocks gain as US inflation data boost rate cut hopes

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** The FTSE Real Estate index .FTUB3510, which includes commercial property firms and real estate investment trusts (REITs), gains 2.5%

** UK homebuilders' index .FTNMX402020 rises 2.5%

** Shares of UK real estate firms gain after US consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations that central banks globally are nearing rate cuts

** Bank of England rate cuts filter down to lower mortgage rates, boosting demand for homes, while falling yields due to rate reductions bolster investment market opportunities for commercial property firms

** Warehousing specialist Segro SGRO.L and self-storage provider Big Yellow Group BYG.L rise 5% and 4%, respectively, making them the top pct. gainers on the real estate index

** FTSE 100 homebuilder Persimmon PSN.L top pct. gainer on the homebuilders' index, gaining 3.8%

** PSN's FTSE 100 peers Barratt BDEV.L and Taylor Wimpey TW.L add on 3% and 2.3%, respectively

Reporting by Aby Jose Koilparambil in Bengaluru


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