European Stocks Close Lower

by webmaster

The European stock market closed lower on Thursday, with the Stoxx Europe 600 index falling by 0.72% to 451.27.

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Index Performances

  • The FTSE 100 index dropped by 1.01% to 7,410.97.
  • The French CAC 40 index weakened by 0.57% to 7,168.40.
  • The German DAX rose by 0.24% to 15,786.61.

Top Decreases

Among the Stoxx Europe 600 constituents, retail company HelloFresh SE saw the largest decrease on Thursday, with shares plummeting by 22.4%. Shares of health care/life sciences firm MorphoSys AG and company Burberry Group PLC also tumbled by 11.2%, respectively.

Allegro.eu S.A., a technology company, and industrial goods firm Gerresheimer AG rounded out the top five largest decreases, with their stocks declining by 9.3% and 9.0%, respectively.

Top Increases

Siemens AG, a business/consumer services company, saw the largest increase among the Stoxx Europe 600 constituents, with shares gaining 5.7% on Thursday. Shares of road/rail transport firm Alstom S.A. and technology company Samhaellsbyggnadsbolaget i Norden AB Series B gained 4.4% and 3.9%, respectively.

Delivery Hero SE, a technology company, and industrial goods firm Halma PLC rounded out the top five largest increases, as their stocks gained 3.2% and 3.2%, respectively.

Currency and Commodity Market Updates

The pound was up 0.04% against the dollar, while the euro was up 0.01%. Brent crude weakened by 4.37% to $77.63.

Bond Yields

The yield on the 10-year gilt fell by 7.67 basis points to 4.154%, and the yield on the German 10-year bund fell by 4.660 basis points to 2.60%.

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