European Stocks Rise
European stocks rise with top gainers and losers highlighted. Currency and commodity movements and bond yields also analyzed.
European stocks experienced a positive day of trading on Monday, with the Stoxx Europe 600 index closing up 0.34% at 456.21. The French CAC 40 index rose 0.52% to 7,278.27, the German DAX added 0.39% to 15,800.99, and the FTSE 100 index gained 0.25% to 7,496.87.
Among the constituents of the Stoxx Europe 600 index, real estate and construction company Vistry Group PLC saw the largest increase on Monday, with shares surging by 12.6%. Fossil fuels firm Neste Oyj and utilities company Uniper SE also performed well, gaining 6.8% and 4.8%, respectively. Real estate company Vonovia SE and technology company Just Eat Takeaway.com N.V. rounded out the top five, with their stocks increasing by 4.2% and 4.1% respectively.
In terms of losses, aerospace and defense company MTU Aero Engines AG experienced the largest drop among the Stoxx Europe 600 constituents, with shares tumbling by 12.1% on Monday. Health care and life sciences firm Idorsia Ltd. and real estate and construction company Melrose Industries PLC also saw significant decreases, weakening by 9.3% and 5.0% respectively. Business and consumer services company Atos SE and air transport business Wizz Air Holdings PLC rounded out the top five largest declines, with their stocks decreasing by 4.6% and 4.4% respectively.
The pound was up 0.49% against the dollar, while the euro increased by 0.38%. Brent crude increased marginally by 0.02% to $90.67.
The yield on the 10-year gilt increased by 4.38 basis points to 4.475%, while the yield on the German 10-year bund rose by 2.810 basis points to 2.64%.