European Stocks Rise

by Warren Seah

European stocks saw gains on Wednesday, with the Stoxx Europe 600 index closing up by 0.28% at 444.07.

Market Overview

  • French CAC 40 index: Up 0.69% to 7,034.16
  • German DAX: Up 0.51% to 15,229.60
  • FTSE 100 index: Down 0.11% to 7,401.72

Top Gainers

Among the constituents of the Stoxx Europe 600, Vestas Wind Systems A/S witnessed the largest increase, with shares rising by 9.8%. Pandora A/S and Ambu A/S Series B, both in the healthcare/life sciences sector, saw their shares grow by 9.0%.

Other notable gainers were:

  • Marks & Spencer Group PLC: Up 8.4%
  • Genmab A/S: Up 7.1%

Top Losers

Royal UNIBREW A/S experienced the largest decrease among the constituents of the Stoxx Europe 600, with shares falling by 12.5%. ABN AMRO Bank N.V. and Idorsia Ltd., both in the banking and healthcare/life sciences sectors respectively, saw their stocks decline by 9.2%.

Other notable losers were:

  • Orron Energy AB: Down 8.5%
  • Koninklijke Ahold Delhaize N.V.: Down 7.2%

Currency and Commodity Movements

The pound was marginally down against the dollar (-0.02%), while the euro was up (+0.12%) against the dollar. Brent crude declined by 2.25% to $79.77.

Bond Yields

The yield on the 10-year gilt decreased by 3.27 basis points to reach 4.243%, while the yield on the German 10-year bund dropped by 4.230 basis points to 2.62%.

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