The European stocks remained relatively flat on Tuesday, with the Stoxx Europe 600 index finishing down slightly at 456.52 (-0.04%). The German DAX fell by 0.40% to 15,664.48, while the French CAC 40 index remained flat at 7,282.12 and the FTSE 100 index stayed at 7,660.20.
Declines in Retail and Health Care Sectors
Within the Stoxx Europe 600 constituents, retail company Kingfisher PLC experienced the largest drop on Tuesday, with its shares plummeting by 12.2%. Health care/life sciences firm Idorsia Ltd. and air transport company Deutsche Post AG also suffered declines, with their shares falling by 7.8% and 6.5%, respectively. Additionally, real estate/construction company Beijer Ref AB Series B and health care/life sciences business Sartorius AG Pfd. were among the top five companies to witness significant decreases in their stock prices, with drops of 6.3% and 5.7%, respectively.
Positive Performance for Real Estate Companies
On the other hand, real estate company Aroundtown S.A. saw the largest increase among Stoxx Europe 600 constituents, as its shares gained 8.3% on Tuesday. Industrial goods firm Billerud AB and business services company S4 Capital PLC also experienced positive growth, with their shares adding 6.7% and 5.8%, respectively. Real estate investment trust company alstria office REIT-AG and technology company ams-OSRAM AG rounded out the top five companies with the largest increases in their stocks, with gains of 5.6% and 5.5%, respectively.
Currency and Commodities
The pound was slightly up against the dollar (+0.02%), while the euro experienced a slight decline (-0.07%). Brent crude rose by 0.90% to $95.28.
Yield on Bonds
The yield on the 10-year gilt declined by 4.84 basis points to 4.343%, while the yield on the German 10-year bund increased by 3.090 basis points to 2.74%.
