European Stocks Rise

1 Mins read

European stocks experienced gains on Friday, with the Stoxx Europe 600 index closing up by 0.29% at 459.28.

Country-Specific Gains

The French CAC 40 index saw a gain of 0.75% to reach 7,315.07, while the FTSE 100 index added 0.47% and settled at 7,564.37. Meanwhile, the German DAX increased by 0.37% to reach 15,951.86.

Top Performers

Among the constituents of the Stoxx Europe 600, Viaplay Group AB Series B saw the largest increase on Friday, with shares adding 7.8%. Aerospace/defense firm Rolls-Royce Holdings PLC and banking/credit company Credit Agricole S.A. also experienced significant gains of 7.4% and 6.1% respectively.

THG PLC, a retail company, and basic materials/resources business Mondi PLC were among the top five with stock increases of 5.5% each.

Major Declines

Shares of technology company United Internet AG experienced the largest decline among the Stoxx Europe 600 constituents, dropping by 6.3% on Friday. Additionally, transportation/logistics firm A.P. Moeller-Maersk A/S Series B and machinery company Interpump Group S.p.A. both declined by 4.9% and 4.7% respectively.

Health care/life sciences company Genmab A/S and business services firm WPP PLC rounded out the top five largest decreases as their stocks declined by 3.8% and 3.5% respectively.

Currency and Oil Market Performance

The pound rose by 0.53% against the dollar, while the euro saw an increase of 0.80%. Brent crude gained 1.16% to reach $86.13.

Yield Movement

The yield on the 10-year gilt fell by 9.94 basis points to 4.374%, and the yield on the German 10-year bund fell by 3.430 basis points to 2.57%.

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