Stock Markets

European stocks break two-day climbing streak


Published: Dec. 21, 2023 at 12:00 p.m. ET

European stocks sunk Thursday, as the Stoxx Europe 600 index STOXX Europe 600 Index closed down 0.21% to 476.94.

The German DAX DAX dropped 0.27% to 16,687.42, the FTSE 100 index FTSE 100 Index declined 0.27% to 7,694.73 and the French CAC 40 index CAC 40 Index dropped 0.16% to 7,571.40.

Of the Stoxx Europe 600 constituents, technology company…

European stocks sunk Thursday, as the Stoxx Europe 600 index

SXXP

closed down 0.21% to 476.94.

The German DAX

DAX

dropped 0.27% to 16,687.42, the FTSE 100 index

UKX

declined 0.27% to 7,694.73 and the French CAC 40 index

PX1

dropped 0.16% to 7,571.40.

Of the Stoxx Europe 600 constituents, technology company Delivery Hero SE

DHER

saw the largest decline Thursday, as shares tumbled 10.9%

Shares of health care/life sciences firms MorphoSys AG

MOR

Idorsia Ltd.

IDIA

fell 8.2% and 8.1%, respectively.

ProSiebenSat.1 Media SE

PSM

,
a media/entertainment company, and business Burberry Group PLC

BRBY

rounded out the top five largest decreases as their stocks declined 8.0% and 4.2%, respectively.

Teleperformance SE

TEP

,
a business services company, saw the largest increase among Stoxx Europe 600 constituents, as shares gained 4.0% on Thursday.

Shares of firm Scatec ASA

SCATC

and leisure/arts/hospitality company Carnival PLC

CCL

rose 3.7% and 3.5%, respectively.

alstria office REIT-AG

AOX

,
a real estate investment trusts company, and transportation/logistics firm A.P. Moeller-Maersk A/S Series B

MAERSK.B

rounded out the top five largest increases as their stocks gained 2.8% and 2.7%, respectively.

The pound

GBPUSD

was up 0.22% against the dollar, and the euro

EURUSD

was up 0.44%. Brent crude

BRN00

declined 1.07% to $78.85.

The yield on the 10-year gilt

TMBMKGB-10Y

increased 0.74 basis points to 3.533%, and the yield on the German 10-year bund

TMBMKDE-10Y

fell 0.620 basis points to 1.97%.


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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