Stock Markets

European stocks decline for second day


Published: Feb. 8, 2024 at 12:00 p.m. ET

European stocks slipped Thursday, as the Stoxx Europe 600 index STOXX Europe 600 Index finished down 0.07% to 485.27.

The FTSE 100 index FTSE 100 Index fell 0.44% to 7,595.48, the German DAX DAX gained 0.25% to 16,963.83 and the French CAC 40 index CAC 40 Index gained 0.71% to 7,665.63.

Among Stoxx Europe 600 constituents, transportation/logistics…

European stocks slipped Thursday, as the Stoxx Europe 600 index

SXXP

finished down 0.07% to 485.27.

The FTSE 100 index

UKX

fell 0.44% to 7,595.48, the German DAX

DAX

gained 0.25% to 16,963.83 and the French CAC 40 index

PX1

gained 0.71% to 7,665.63.

Among Stoxx Europe 600 constituents, transportation/logistics company A.P. Moeller-Maersk A/S Series B

MAERSK.B

saw the largest decline Thursday, as shares tumbled 14.7%

Shares of fossil fuels firm Neste Oyj

NESTE

and health care/life sciences company Swedish Orphan Biovitrum AB

SOBI

fell 11.9% and 8.0%, respectively.

Orkla ASA

ORK

,
a company, and health care/life sciences company AstraZeneca PLC

AZN

rounded out the top five largest decreases as their stocks fell 6.7% and 6.4%, respectively.

Adyen N.V.

ADYEN

,
an investing/securities company, saw the largest increase among Stoxx Europe 600 constituents, as shares rocketed 21.3% on Thursday.

Shares of industrial goods firm DS Smith PLC

SMDS

and industrial goods company Huhtamaki Oyj

HUH1V

increased 9.8% and 7.5%, respectively.

British American Tobacco PLC

BATS

,
a company, and technology firm Nemetschek SE

NEM

rounded out the top five largest increases as their stocks gained 7.1% and 7.0%, respectively.

The pound

GBPUSD

was down 0.03% against the dollar, and the euro

EURUSD

was up 0.02%. Brent crude

BRN00

added 2.54% to $81.22.

The yield on the 10-year gilt

TMBMKGB-10Y

rose 6.39 basis points to 4.055%, and the yield on the German 10-year bund

TMBMKDE-10Y

increased 3.850 basis points to 2.36%.


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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