STOXX 600 up 0.3
Ambu slumps after Q3 results
French CPI at 0.4
Euro zone CPI at 0900 GMT

Aug 30 Reuters European shares rose to an alltime high on Friday, boosted by realestate stocks, with the benchmark set to gain for a fourth straight week, although caution prevailed ahead of a key inflation reading for the Euro zone.

The panEuropean STOXX 600 index was up 0.3 at 526.46 points by 0845 GMT, beating its previous record of 525.59 hit in June.

The benchmark was on track to gain 1.6 for the week, extending its rally into the fourth week, which would be its longest in more than five months. The STOXX 600 was also set to rise for a second straight month, a trend last seen nearly six months ago.

Rate sensitive realestate stocks39; 1.5 rise boosted the index on the day, with the markets expecting a 25 basis point rate cut when the European Central Bank meets in less than two weeks.

Shares had slipped earlier in the month on fears of a recession in the United States, which have since faded.

The STOXX 600 has gained in 16 out of the last 20 sessions and risen nearly 10 from a sixmonth low on Aug. 5, marking a robust recovery.

Investors now expect at least a 25basispoint rate cut in the U.S. next month.

Adding to the upbeat mood were comments from ECB board member Isabel Schnabel, who said that inflation will fall back to the 2 target by the end of 2025.

All eyes are now on Euro zone and Italian consumer prices and EU unemployment data that is set to drop at 0900…