European stocks break two-day losing streak


European stocks finished higher Friday, with the Stoxx Europe 600 index
XX:SXXP
increasing 1.81% to 416.98.

The French CAC 40 index
FR:PX1
rose 2.77% to 6,416.44, the German DAX
DX:DAX
added 2.51% to 13,459.85 and the FTSE 100 index
UK:UKX
added 2.03% to 7,334.84.

Among Stoxx Europe 600 constituents, footwear company adidas AG
XE:ADS
saw the largest increase Friday, as shares soared 21.4%.

Shares of emerging technologies firm Just Eat Takeaway.com N.V.
NL:TKWY
and non-ferrous metals company KGHM Polska Miedz S.A.
PL:KGH
surged 15.8% and 11.7%, respectively.

Kojamo Oyj
FI:KOJAMO,
a real estate developers company, and general mining business Anglo American PLC
UK:AAL
rounded out the top five largest increases as their stocks surged 11.5% and 11.1%, respectively.

Shares of software company Samhaellsbyggnadsbolaget i Norden AB Series B
SE:SBB
saw the largest decrease of the Stoxx Europe 600 constituents, as shares fell 8.0% on Friday.

Shares of aerospace products/parts firm Leonardo S.p.A.
IT:LDO
and biotechnology company Galapagos N.V.
NL:GLPG
declined 7.7% and 7.4%, respectively.

Rheinmetall AG
XE:RHM,
a motor vehicle parts company, and food products company Glanbia PLC
IE:GL9
rounded out the top five largest decreases as their stocks declined 5.3% and 5.0%, respectively.

The pound
US:GBPUSD
was up 1.34% against the dollar, and the euro
US:EURUSD
was up 1.74%. Brent crude
US:BRN00
rose 3.92% to $98.38.

The yield on the 10-year gilt
BX:TMBMKGB-10Y
rose 1.97 basis points to 3.535%, and the yield on the German 10-year bund
BX:TMBMKDE-10Y
increased 5.730 basis points to 2.30%.


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.



Read More:European stocks break two-day losing streak

2022-11-04 17:12:46

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