Stock Markets

European stocks weaken for third day


Published: Jan. 11, 2024 at 12:00 p.m. ET

European stocks decreased Thursday, as the Stoxx Europe 600 index STOXX Europe 600 Index finished down 0.77% to 472.77.

The FTSE 100 index FTSE 100 Index fell 0.98% to 7,576.59, the German DAX DAX dropped 0.86% to 16,547.03 and the French CAC 40 index CAC 40 Index fell 0.52% to 7,387.62.

Among Stoxx Europe 600 constituents, health care/life…

European stocks decreased Thursday, as the Stoxx Europe 600 index

XX:SXXP

finished down 0.77% to 472.77.

The FTSE 100 index

UK:UKX

fell 0.98% to 7,576.59, the German DAX

DX:DAX

dropped 0.86% to 16,547.03 and the French CAC 40 index

FR:PX1

fell 0.52% to 7,387.62.

Among Stoxx Europe 600 constituents, health care/life sciences company Grifols S.A.

ES:GRF

saw the largest decline Thursday, as shares plunged 16.2%

Shares of media/entertainment firm Viaplay Group AB Series B

SE:VPLAY

and health care/life sciences company MorphoSys AG

XE:MOR

plunged 13.2% and 12.9%, respectively.

Close Brothers Group PLC

UK:CBG,

an investing/securities company, and company Uniper SE

XE:UN0

rounded out the top five largest decreases as their stocks weakened 10.9% and 8.7%, respectively.

Rational AG

XE:RAA,

a machinery company, saw the largest increase among Stoxx Europe 600 constituents, as shares increased 6.7% on Thursday.

Shares of health care/life sciences firm Ambu A/S Series B

DK:AMBU

and business services company Teleperformance SE

FR:TEP

rose 5.0% and 4.0%, respectively.

Scatec ASA

NO:SCATC,

a company, and company Carlsberg A/S Series B

DK:CARL

rounded out the top five largest increases as their stocks increased 3.3% and 3.0%, respectively.

The pound

GBPUSD

was down 0.26% against the dollar, and the euro

EURUSD

was down 0.27%. Brent crude

UK:BRN00

added 2.41% to $78.65.

The yield on the 10-year gilt

BX:TMBMKGB-10Y

rose 1.55 basis points to 3.842%, and the yield on the German 10-year bund

BX:TMBMKDE-10Y

fell 0.990 basis points to 2.21%.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.



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