Sunday, February 5, 2023
HomeMarketEuropean stocks continue losing streak, decrease for second session

European stocks continue losing streak, decrease for second session

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European stocks sunk Monday, as the Stoxx Europe 600 index
SXXP,
-0.41%
finished down 0.41% to 441.47.

The French CAC 40 index
PX1,
-0.67%
weakened 0.67% to 6,696.96, the German DAX
DAX,
-0.56%
declined 0.56% to 14,447.61 and the FTSE 100 index
UKX,
+0.15%
added 0.15% to 7,567.54.

Of the Stoxx Europe 600 constituents, industrial machinery company Rational AG
RAA,
-8.00%
saw the largest decrease Monday, as shares declined 8.0%

Shares of biotechnology firm Swedish Orphan Biovitrum AB
SOBI,
-6.04%
and wireless telecommunications services company Proximus
PROX,
-4.50%
fell 6.0% and 4.5%, respectively.

Evotec SE
EVT,
-4.02%,
a biotechnology company, and air freight company International Distribution Services PLC
IDS,
-4.01%
rounded out the top five largest decreases as their stocks declined 4.0% and 4.0%, respectively.

Samhaellsbyggnadsbolaget i Norden AB Series B
SBB.B,
+15.72%,
a software company, saw the largest increase of the Stoxx Europe 600 constituents, as shares surged 15.7% on Monday.

Shares of oil extraction firm Orron Energy AB
ORRON,
+6.90%
and life insurance company Prudential PLC
PRU,
+5.34%
rose 6.9% and 5.3%, respectively.

Sinch AB
SINCH,
+5.29%,
an internet/online company, and multiutilities business Uniper SE
UN01,
+3.96%
rounded out the top five largest increases as their stocks added 5.3% and 4.0%, respectively.

The pound
GBPUSD,
-0.83%
was down 1.01% against the dollar, and the euro
EURUSD,
-0.36%
was down 0.43%. Brent crude
US:BRN00
declined 1.15% to $84.59.

The yield on the 10-year gilt
TMBMKGB-10Y,
3.102%
fell 5.00 basis points to 3.103%, and the yield on the German 10-year bund
TMBMKDE-10Y,
1.882%
rose 2.810 basis points to 1.88%.


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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