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EMEA Morning Briefing: Stocks to Edge Higher But Oil Weakens on OPEC+ Deadlock


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Dow Jones
MARKET WRAPS
Watch For:
Eurozone, Germany, France, U.K., Italy Services PMI; Eurozone Quarterly Balance of Payments, Sectoral Accounts; France Industrial Production; UK Official Reserves, Car Registrations; OECD CPI; U.S. Independence Day Observed, Financial Markets Closed; updates from Repsol, Ryanair
Opening Call:
Equities in Europe are likely to edge up on Monday, with gains capped due to the U.S. holiday. In Asia, stocks were steady, oil dipped on OPEC+ worries, while the dollar, Treasury yields and gold prices were firmer.
Equities:
European stocks may struggle for direction on Monday, with oil lower on OPEC+ tensions and U.S. markets closed for the July 4 Independence Day holiday. ....

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Tiffany & Co. building in Palm Beach sells for $26M


The Palm Beach Tiffany & Co. building sold for over $26M. (Getty)
UPDATED, Dec. 30, 12:10 p.m.: Fortress Investment Group, Hyde Retail Partners and Kean Development sold the Tiffany & Co. building on Worth Avenue for $26.4 million.
Records show FRO II 259 Worth Owner LLC sold the building at 259 Worth Avenue in Palm Beach to 259 Worth Avenue LLC, a Delaware corporation that links to London real estate firm Motcomb Estates Limited. The sale only includes the ground floor of the building. On the top floors, Kean and its partners are planning a luxury penthouse condo. 
The partnership bought the 16,374-square-foot building for $20 million in 2018 after it was on the market for nearly two years. The main tenant, Tiffany, has occupied the building since 1991. Tiffany leases 11,081 square feet and has invested millions in upgrades like marble floors and steel doors. The building was constructed in 1950, property records show. ....

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