European Stocks Finish Lower

The European stocks market experienced declines on Tuesday. The Stoxx Europe 600 index (XX:SXXP) dropped by 0.61% to 447.70.

Key Performances

The German DAX (DX:DAX) decreased by 0.97% to 15,255.87, while the French CAC 40 index (FR:PX1) dropped by 0.70% to 7,074.02. On the other hand, the FTSE 100 index (UK:UKX) remained flat at 7,625.72.

Major Decreases

A noticeable decline was observed in the shares of electric utilities company NEL ASA (NO:NEL) as their stocks plummeted by 11.0%. Similarly, real estate firms Aroundtown S.A. (XE:AT1) and TAG Immobilien AG (XE:TEG) weakened by 9.7% and 7.8%, respectively. Technology company Sinch AB (SE:SINCH) and business/consumer services firm Atos SE (FR:ATO) also faced substantial decreases, with their stocks weakening by 6.9% and 6.7%, respectively.

Major Increases

RS Group PLC (UK:RS1), a retail/wholesale company, saw the largest increase among Stoxx Europe 600 constituents as their shares increased by 5.5% on Tuesday. Retail/wholesale firm Ferguson PLC (UK:FERG) and banking company Barclays PLC (UK:BARC) also experienced gains, with their stocks rising by 4.0% and 3.9%, respectively. Additionally, investing/securities company IG Group Holdings PLC (UK:IGG) and retail firm Ocado Group PLC (UK:OCDO) saw an increase of 3.8% and 3.7% in their stocks, respectively.

Currency and Commodity Movements

The pound (GBPUSD) experienced a 0.38% decrease against the dollar, while the euro (EURUSD) decreased by 0.17%. On the commodities front, Brent crude (UK:BRN00) increased by 0.60%, reaching $92.43.

Bond Yields

The yield on the 10-year gilt (BX:TMBMKGB-10Y) declined by 0.07 basis points to 4.332%, while the yield on the German 10-year bund (BX:TMBMKDE-10Y) increased by 0.920 basis points to 2.81%.