- Wednesday, October 16, 2024
European stocks faced a decline on Monday, with the Stoxx Europe 600 index closing down by 1.03% at 445.59. The FTSE 100 index declined by 1.28% to reach 7,510.72, while the French CAC 40 index fell by 0.94% to settle at 7,068.16. Similarly, the German DAX dropped by 0.91% to reach 15,247.21.
Top Decreases in the Stoxx Europe 600 Constituents
Among the constituents of the Stoxx Europe 600 index, business services company Edenred SE saw the largest drop on Monday, as its shares tumbled down by 11.0%. The shares of insurance firm Sampo Oyj Series A and electric utilities company Oersted A/S also experienced significant declines of 9.4% and 6.9% respectively. Additionally, S4 Capital PLC, a business services company, and Future PLC, a printing/publishing company, rounded out the top five largest decreases as their stocks dropped by 5.4% and 5.3% respectively.
Top Increases in the Stoxx Europe 600 Constituents
Among the constituents of the Stoxx Europe 600 index, Samhaellsbyggnadsbolaget i Norden AB Series B, a technology company, witnessed the largest increase on Monday as its shares rose by 8.3%. Shares of business services firm Pennon Group PLC and technology company ams-OSRAM AG also saw notable gains of 3.8% each. Moreover, Elekta AB Series B, a healthcare/life sciences company, and Nokian Renkaat Oyj TYRES, a motor vehicle parts firm, rounded out the top five largest increases as their stocks increased by 2.9% and 2.5% respectively.
Currency and Commodity Market Updates
The pound was down by 0.61% against the dollar, while the euro experienced a decline of 0.70%. In the commodities market, Brent crude dropped by 1.10% to reach $91.19.
Yield Changes in the Bond Market
The yield on the 10-year gilt increased by 12.29 basis points to 4.569%, and the yield on the German 10-year bund rose by 8.140 basis points to 2.93%.
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