STOXX 600 up 0.3
Germany39;s inflation slowed to 0.2 in August
AstraZeneca falls, lung cancer drug trial fails to improve survival

Sept 10 Reuters European shares climbed on Tuesday, boosted by the realestate sector, while investors also awaited the widely expected rate cut by the European Central Bank later in the week.

The panEuropean STOXX 600 index rose 0.3 after gaining nearly 1 on Monday.

Ratesensitive real estate sector advanced 1 ahead of the ECB39;s interest rate decision on Thursday.

With markets fully pricing in a 25 basispoint cut this week, investors will keep a close eye on cues on likely rate cuts in October and December.

I don39;t think the ECB would prefer to be too dovish at this point. There39;s no growth mandate for ECB, compared to the Fed that has a dual mandate, said Geoff Yu, senior macro strategist at BNY.

Developments on the other side of the pond are still the main drivers of sentiment right now. The balance is probably a bit too lopsided in favour of the Fed.

Given the dominance of U.S. data, traders were also focused on Wednesday39;s inflation report, which could provide clarity on the size of the Federal Reserve39;s rate cut when it meets next week.

The first debate between U.S. presidential candidates Democrat Kamala Harris and Republican Donald Trump ahead of the Nov. 5 election is due later in the day.

There will be direct observance of the event. This is not just the U.S. story… it39;s much more for European story as…