The European stock market ended the week on a downward note, with the Stoxx Europe 600 index dropping 0.98% to 449.18.
Major European Indexes
- German DAX: The German DAX fell 1.55% to 15,186.66.
- French CAC 40: The French CAC 40 index dropped 1.42% to 7,003.53.
- FTSE 100: The FTSE 100 index declined 0.59% to 7,599.60.
Top Decreases in Stoxx Europe 600
- St. James’s Place PLC: Shares of investing/securities company St. James’s Place PLC saw the biggest decrease, with a sharp decline of 21.8%.
- Sartorius Stedim Biotech S.A. and Sartorius AG Pfd.: Health care/life sciences firms Sartorius Stedim Biotech S.A. and Sartorius AG Pfd. saw significant drops of 16.7% and 13.3%, respectively.
- Orpea S.A. and Oersted A/S: Health care/life sciences company Orpea S.A. and electric utilities company Oersted A/S also experienced substantial declines of 13.0% and 9.4%, respectively.
Top Increases in Stoxx Europe 600
- alstria office REIT-AG: Real estate investment trust firm alstria office REIT-AG witnessed the largest increase, with shares surging by 13.2% on Friday.
- Tryg A/S and Proximus: Insurance firm Tryg A/S and telephone systems company Proximus saw gains of 5.8% and 5.1% respectively.
- Dino Polska S.A. and MorphoSys AG: Retail company Dino Polska S.A. and health care/life sciences firm MorphoSys AG rounded out the top five with increases of 3.9% and 3.3%, respectively.
Currency and Commodity Movements
- Pound: The pound declined 0.30% against the dollar.
- Euro: The euro was down 0.27%.
- Brent Crude: Brent crude gained 4.14% to $89.56.
Bond Yields
- 10-year Gilt: The yield on the 10-year gilt declined by 3.11 basis points to 4.390%.
- German 10-year Bund: The yield on the German 10-year bund declined by 5.100 basis points to 2.74%.
