News

European Stocks Experience Decrease

1 Mins read

The European stock market saw a decline on Friday, with the Stoxx Europe 600 index finishing down 0.31% at 453.26.

Individual Index Performance

The French CAC 40 index fell 0.40% to 7,184.82, while the German DAX remained flat at 15,557.29. Similarly, the FTSE 100 index showed no significant change, closing at 7,683.91.

Major Decreases Among Constituents

ING Groep N.V., a prominent banking/credit company, experienced the largest decrease on Friday, with shares falling by 6.4%. ABN AMRO Bank N.V., a banking firm, and Amplifon S.p.A., a health care/life sciences company, also witnessed notable drops of 4.5% and 4.3%, respectively.

Top Five Largest Decreases

Apart from ING Groep N.V., two other companies faced significant declines. Samhaellsbyggnadsbolaget i Norden AB Series B, a technology company, and Demant A/S, a health care/life sciences company, both saw their stocks decline by 4.0% and 3.8%, respectively.

Biggest Increase Among Constituents

Among the constituents of the Stoxx Europe 600 index, Adevinta ASA, a business services company, experienced the largest increase on Friday, with shares skyrocketing by 26.5%.

Other Notable Increases

Shares of Schibsted ASA, a printing/publishing firm, and Ocado Group PLC, a retail company, showed remarkable growth with increases of 12.9% and 6.7%, respectively.

Top Five Largest Increases

Prosus N.V., a technology company, and Ubisoft Entertainment S.A., a leisure/travel goods company, rounded out the top five largest increases, with their stocks rising by 4.7% and 4.5%, respectively.

Currency and Commodity Performance

The pound was down 0.32% against the dollar, while the euro witnessed a minor decrease of 0.01%. Brent crude increased by 0.35% to reach $93.63.

Bond Yield Changes

The yield on the 10-year gilt fell by 5.37 basis points to 4.251%, while the yield on the German 10-year bund increased by 0.210 basis points to 2.74%.

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