The European stocks remained steady on Monday, with the Stoxx Europe 600 index finishing down 0.04% at 457.96.

Market Overview

  • French CAC 40 index fell 0.24% to 7,279.51.
  • FTSE 100 index dropped 0.16% to 7,452.76.
  • German DAX was flat at 15,824.85.

Top Decreases

Among the Stoxx Europe 600 constituents, Direct Line Insurance Group PLC saw the largest decrease on Monday, with shares weakening by 4.3%. Following closely were Rubis SCA and Oersted A/S, both experiencing declines of 4.1% and 3.5% respectively. Compagnie de Saint-Gobain S.A. and Clariant AG also saw their stocks weaken, with decreases of 3.1% and 3.0% respectively.

Top Increases

Kion Group AG, a retail/wholesale company, saw the largest increase among Stoxx Europe 600 constituents, as shares added 4.8% on Monday. Yara International ASA and CD Projekt S.A. observed increases of 4.5% and 3.9% respectively. Telecom Italia S.p.A and Entain PLC were also among the top five gainers, with stock prices rising by 3.5% and 2.8%.

Market Movements

The pound strengthened against the dollar by 0.27%, while the euro also rose by 0.22%. Brent crude added 0.42% to $88.92.

The yield on the 10-year gilt increased by 3.84 basis points to 4.468%, and the yield on the German 10-year bund rose by 3.300 basis points to 2.58%.

Allegro MicroSystems: A Rising Star in the Auto Industry

Ashtead Group Reports Strong Profit Growth in Q1 2024

Leave A Reply

Your email address will not be published. Required fields are marked *