The European stock market faced a setback on Tuesday, with the Stoxx Europe 600 index closing 0.28% lower at 471.53. The French CAC 40 index declined by 0.34% to reach 7,388.04, while the German DAX fell by the same percentage, landing at 16,627.09. The FTSE 100 index, however, remained flat at 7,485.73.
Top Decreases in Stoxx Europe 600 Constituents
Among the various constituents of the Stoxx Europe 600 index, Logitech International S.A. saw the largest drop on Tuesday, as its shares declined by 8.7%. Real estate firms Grand City Properties S.A. and Aroundtown S.A. also experienced declines, with their shares decreasing by 7.3% and 6.5%, respectively. Health Care/Life Sciences companies GN Store Nord A/S and Idorsia Ltd. rounded out the top five decreases, with their stocks declining by 6.3% and 5.0% respectively.
Top Increases in Stoxx Europe 600 Constituents
On a positive note, HelloFresh SE, a retail company, witnessed the largest increase among the constituents of the Stoxx Europe 600 index, as its shares surged by 12.0% on Tuesday. Investing/securities firm Allfunds Group PLC and technology company Delivery Hero SE also experienced notable increases, with their stocks rising by 8.7% and 7.3% respectively. Mining & metals company Norsk Hydro ASA and business services firm S4 Capital PLC completed the top five increases, as their stocks rose by 7.1% and 6.9% respectively.
Currency and Commodity Market Update
In currency markets, the pound was down 0.42% against the dollar, while the euro declined by 0.51%. Brent crude weakened by 0.46%, reaching $79.69.
Yield Changes in 10-Year Bonds
The yield on the 10-year gilt increased by 7.63 basis points to 3.987%. Similarly, the yield on the German 10-year bund rose by 6.090 basis points to 2.35%.
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