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HomeMarketEuropean stocks break three-day dropping streak

European stocks break three-day dropping streak

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European stocks rose Wednesday, as the Stoxx Europe 600 index
SXXP,
+0.63%
finished up 0.63% to 440.04.

The French CAC 40 index
PX1,
+1.04%
gained 1.04% to 6,738.55, the FTSE 100 index
UKX,
+0.81%
gained 0.81% to 7,573.05 and the German DAX
DAX,
+0.29%
rose 0.29% to 14,397.04.

Of the Stoxx Europe 600 constituents, biotechnology company arGEN-X SE
ARGX,
+7.05%
saw the largest increase Wednesday, as shares added 7.1%.

Shares of mixed retailing firm THG PLC
THG,
+6.97%
and footwear company Dr. Martens PLC
DOCS,
+6.39%
rose 7.0% and 6.4%, respectively.

Neste Oyj
NESTE,
+5.68%,
a major oil & gas company, and internet/online company United Internet AG
UTDI,
+5.43%
rounded out the top five largest increases as their stocks rose 5.7% and 5.4%, respectively.

Shares of multiutilities company Uniper SE
UN01,
-8.90%
saw the largest decline among Stoxx Europe 600 constituents, as shares fell 8.9% on Wednesday.

Shares of industrial electronics firm Rexel S.A.
RXL,
-6.08%
and investment advisors company abrdn PLC
ABDN,
-5.26%
fell 6.1% and 5.3%, respectively.

Future PLC
FUTR,
-5.26%,
a publishing company, and wired telecommunications services company Telecom Italia S.p.A.
TIT,
-5.24%
rounded out the top five largest decreases as their stocks fell 5.3% and 5.2%, respectively.

The pound
GBPUSD,
-0.03%
was up 0.09% against the dollar, and the euro
EURUSD,
-0.08%
was down 0.06%. Brent crude
US:BRN00
added 2.93% to $86.72.

The yield on the 10-year gilt
TMBMKGB-10Y,
3.162%
increased 6.40 basis points to 3.162%, and the yield on the German 10-year bund
TMBMKDE-10Y,
1.933%
rose 1.040 basis points to 1.93%.


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.

Credit: marketwatch.com

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