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European Stocks Finish Flat


The European stock market saw little movement on Monday, with the Stoxx Europe 600 index closing at 483.69. The German DAX, FTSE 100, and French CAC 40 indexes were also relatively flat.

Decreases Among Stoxx Europe 600 Constituents

Several companies within the Stoxx Europe 600 index experienced decreases in their stock prices. Electrolux AB Series B saw the largest decrease, with shares falling by 6.3%. Retail firm JD Sports Fashion PLC and banking/credit company Nordea Bank Abp also experienced significant drops of 5.3% and 5.0% respectively. Banco Santander S.A., a banking company, as well as Vallourec S.A., a mining & metals firm, rounded out the top five largest decreases with declines of 5.0% and 4.7% respectively.

Increases Among Stoxx Europe 600 Constituents

In contrast to the downward trend, Lotus Bakeries N.V., a company within the Stoxx Europe 600 index, recorded the largest increase in stock price. Shares surged by 19.2% on Monday. Banking/credit firm UniCredit S.p.A. and health care/life sciences company argenx SE also experienced notable gains, with increases of 8.1% and 6.0% respectively. Zealand Pharma A/S, a health care/life sciences company, and CD Projekt S.A., a business, rounded out the top five largest increases with their stocks rising by 5.2% and 4.6% respectively.

Currency and Commodity Movements

The pound weakened against the dollar, with a decrease of 0.81%, while the euro also declined by 0.48%. Brent crude oil rose slightly by 0.05% to reach $77.37.

Bond Yields

The yield on the 10-year gilt increased by 7.42 basis points to 4.005%, while the yield on the German 10-year bund rose by 7.800 basis points to 2.32%.

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