The European stock market experienced a decline on Thursday, with the Stoxx Europe 600 index closing down 1.19% at 439.73. Several major indices also saw a decrease: the FTSE 100 index declined 1.17% to 7,499.53, the French CAC 40 index fell 0.64% to 6,921.37, and the German DAX declined 0.33% to 15,045.23.
Top Decreases Among Stoxx Europe 600 Companies
Some notable decreases were observed among constituents of the Stoxx Europe 600 index. Utilities company Uniper SE saw the largest decrease on Thursday, as its shares tumbled by 19.4%. Business services firm Rentokil Initial PLC and retail company DocMorris N.V. also experienced significant declines of 18.6% and 17.2%, respectively. Real estate companies Aroundtown S.A. and Rightmove PLC rounded out the top five largest decreases, with their stocks tumbling by 17.0% and 14.3%, respectively.
Top Increases Among Stoxx Europe 600 Companies
Among the constituents of the Stoxx Europe 600 index, telephone systems company Telia Co. AB saw the largest increase, with shares gaining 7.9% on Thursday. Insurance firm Direct Line Insurance Group PLC and technology company SAP SE also experienced notable increases of 5.4% and 5.1%, respectively. Beverages/drinks company Pernod Ricard S.A. and health care/life sciences business Sartorius Stedim Biotech S.A. rounded out the top five largest increases, with their stocks rising by 4.8% and 4.6%, respectively.
Currency and Commodity Movements
In currency markets, the pound was up 0.07% against the dollar, while the euro strengthened by 0.37% against the dollar. Brent crude weakened slightly by 0.15% to $91.36.
Bond Yields
The yield on the 10-year gilt fell by 0.74 basis points to 4.658%, while the yield on the German 10-year bund declined by 0.870 basis points to 2.92%.