Stock Markets

European stocks weaken for third session


Published: Feb. 9, 2024 at 12:00 p.m. ET

European stocks finished flat Friday, with the Stoxx Europe 600 index STOXX Europe 600 Index closing at 484.83.

The FTSE 100 index FTSE 100 Index declined 0.30% to 7,572.58, the French CAC 40 index CAC 40 Index fell 0.24% to 7,647.52 and the German DAX DAX dropped 0.22% to 16,926.50.

Of the Stoxx Europe 600 constituents, real estate/construction…

European stocks finished flat Friday, with the Stoxx Europe 600 index

SXXP

closing at 484.83.

The FTSE 100 index

UKX

declined 0.30% to 7,572.58, the French CAC 40 index

PX1

fell 0.24% to 7,647.52 and the German DAX

DAX

dropped 0.22% to 16,926.50.

Of the Stoxx Europe 600 constituents, real estate/construction company Sweco AB Series B

SWEC.B

saw the largest decline Friday, as shares plunged 13.7%

Shares of firms L’Oreal S.A.

OR

Verbund AG

VER

dropped 7.6% and 5.4%, respectively.

Fastighets AB Balder Series B

BALD.B

,
a real estate company, and basic materials/resources business Wacker Chemie AG

WCH

rounded out the top five largest decreases as their stocks dropped 3.8% and 3.7%, respectively.

Ubisoft Entertainment S.A.

UBI

,
a company, saw the largest increase among Stoxx Europe 600 constituents, as shares jumped 13.8% on Friday.

Shares of transportation/logistics firm Kongsberg Gruppen ASA

KOG

and health care/life sciences company Coloplast A/S Series B

COLO.B

rose 10.5% and 9.7%, respectively.

Nexans

NEX

,
an industrial goods company, and business Thule Group AB

THULE

rounded out the top five largest increases as their stocks added 5.9% and 5.8%, respectively.

The pound

GBPUSD

was up 0.08% against the dollar, and the euro

EURUSD

was up 0.03%. Brent crude

BRN00

gained 0.53% to $82.06.

The yield on the 10-year gilt

TMBMKGB-10Y

rose 3.49 basis points to 4.087%, and the yield on the German 10-year bund

TMBMKDE-10Y

increased 2.740 basis points to 2.38%.


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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