Stock Markets

European stocks continue positive streak, rise for second day


Published: Feb. 23, 2024 at 12:00 p.m. ET

European stocks increased Friday, as the Stoxx Europe 600 index STOXX Europe 600 Index closed up 0.43% to 497.25.

The French CAC 40 index CAC 40 Index increased 0.70% to 7,966.68, the FTSE 100 index FTSE 100 Index added 0.28% to 7,706.28 and the German DAX DAX gained 0.28% to 17,419.33.

Among Stoxx Europe 600 constituents, real estate/construction…

European stocks increased Friday, as the Stoxx Europe 600 index

XX:SXXP

closed up 0.43% to 497.25.

The French CAC 40 index

FR:PX1

increased 0.70% to 7,966.68, the FTSE 100 index

UK:UKX

added 0.28% to 7,706.28 and the German DAX

DX:DAX

gained 0.28% to 17,419.33.

Among Stoxx Europe 600 constituents, real estate/construction company Georg Fischer AG

CH:GF

saw the largest increase Friday, as shares increased 8.3%.

Shares of banking/credit firm Banco BPM S.p.A.

IT:BAMI

and banking/credit company Mediobanca Banca di Credito Finanziario S.p.A.

IT:MB

increased 5.4% and 5.2%, respectively.

Standard Chartered PLC

UK:STAN,

a banking company, and health care/life sciences business Grifols S.A.

ES:GRF

rounded out the top five largest increases as their stocks increased 4.9% and 4.3%, respectively.

Shares of technology company BE Semiconductor Industries N.V.

NL:BESI

saw the largest decline of the Stoxx Europe 600 constituents, as shares dropped 6.0% on Friday.

Shares of motor vehicles firm Volvo Car AB Series B

SE:VOLCAR

and technology company Aixtron SE

XE:AIXA

weakened 4.9% and 4.2%, respectively.

Dowlais Group PLC

UK:DWL,

an automotive company, and leisure/arts/hospitality firm TUI AG

UK:TUI

rounded out the top five largest decreases as their stocks dropped 4.0% and 4.0%, respectively.

The pound

GBPUSD

was up 0.13% against the dollar, and the euro

EURUSD

was up 0.05%. Brent crude

UK:BRN00

dropped 1.97% to $81.07.

The yield on the 10-year gilt

BX:TMBMKGB-10Y

declined 7.44 basis points to 4.040%, and the yield on the German 10-year bund

BX:TMBMKDE-10Y

fell 7.130 basis points to 2.37%.


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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