Wednesday, December 7, 2022
HomeMarketEuropean stocks continue positive streak, increase for third day

European stocks continue positive streak, increase for third day

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European stocks rose Thursday, as the Stoxx Europe 600 index
SXXP,
+0.46%
closed up 0.46% to 440.84.

The German DAX
DAX,
+0.78%
added 0.78% to 14,539.56, the French CAC 40 index
PX1,
+0.42%
added 0.42% to 6,707.32 and the FTSE 100 index
UKX,
+0.02%
was flat at 7,466.60.

Among Stoxx Europe 600 constituents, mixed retailing company THG PLC
THG,
+9.95%
saw the largest increase Thursday, as shares rose 10.0%.

Shares of advertising/marketing/public relations firm Adevinta ASA
ADE,
+7.23%
and real estate developers company LEG Immobilien SE
LEG,
+6.76%
added 7.2% and 6.8%, respectively.

Powszechny Zaklad Ubezpieczen S.A.
PZU,
+6.60%,
a full-line insurance company, and internet/online business Allegro.eu S.A.
ALE,
+6.56%
rounded out the top five largest increases as their stocks increased 6.6% and 6.6%, respectively.

Shares of footwear company Dr. Martens PLC
DOCS,
-22.70%
saw the largest drop among Stoxx Europe 600 constituents, as shares cratered 22.7% on Thursday.

Shares of multiutilities firm Uniper SE
UN01,
-12.82%
and oil extraction company Orron Energy AB
ORRON,
-10.81%
tumbled 12.8% and 10.8%, respectively.

MorphoSys AG
MOR,
-2.28%,
a biotechnology company, and containers/packaging business Billerud AB
BILL,
-1.93%
rounded out the top five largest decreases as their stocks dropped 2.3% and 1.9%, respectively.

The pound
GBPUSD,
+0.61%
was up 0.60% against the dollar, and the euro
EURUSD,
+0.12%
was up 0.13%. Brent crude
US:BRN00
dropped 0.14% to $85.02.

The yield on the 10-year gilt
TMBMKGB-10Y,
3.037%
rose 2.73 basis points to 3.037%, and the yield on the German 10-year bund
TMBMKDE-10Y,
1.848%
fell 8.460 basis points to 1.85%.


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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