European stocks faced a downward trend on Thursday, with the Stoxx Europe 600 index (XX:SXXP) closing down 0.21% at 476.94.

Major Declines in Key Indices

  • The German DAX (DX:DAX) dropped 0.27% to 16,687.42.
  • The FTSE 100 index (UK:UKX) declined 0.27% to 7,694.73.
  • The French CAC 40 index (FR:PX1) dropped 0.16% to 7,571.40.

Notable Declines in Stoxx Europe 600 Constituents

Among the constituents of the Stoxx Europe 600, technology company Delivery Hero SE (XE:DHER) experienced the largest decline on Thursday, with shares tumbling by 10.9%.

Healthcare/life sciences firms MorphoSys AG (XE:MOR) and Idorsia Ltd. (CH:IDIA) also saw substantial declines of 8.2% and 8.1%, respectively.

Other major decreases were observed in media/entertainment company ProSiebenSat.1 Media SE (XE:PSM), which declined by 8.0%, and business Burberry Group PLC (UK:BRBY), which saw a decline of 4.2%.

Teleperformance SE Sees Significant Increase

On the other hand, business services company Teleperformance SE (FR:TEP) experienced a significant increase among the Stoxx Europe 600 constituents, as shares gained 4.0% on Thursday.

Additionally, firm Scatec ASA (NO:SCATC) and leisure/arts/hospitality company Carnival PLC (UK:CCL) witnessed notable increases of 3.7% and 3.5%, respectively.

Top Five Largest Increases

Leading the way in the top five largest increases were real estate investment trusts company alstria office REIT-AG (XE:AOX), with an increase of 2.8%, and transportation/logistics firm A.P. Moeller-Maersk A/S Series B (DK:MAERSK), which saw a gain of 2.7%.

Currency and Commodity Movements

The pound (GBPUSD) rose by 0.22% against the dollar, while the euro (EURUSD) increased by 0.44%.

Brent crude (UK:BRN00) experienced a decline of 1.07% to $78.85.

Yield on Bonds

The yield on the 10-year gilt (BX:TMBMKGB-10Y) increased by 0.74 basis points to 3.533%, whereas the yield on the German 10-year bund (BX:TMBMKDE-10Y) fell by 0.620 basis points to 1.97%.

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