European stocks closed lower on Friday, with the Stoxx Europe 600 index dropping 0.20% to 470.78. Let’s take a closer look at the performance of major indices and individual companies.
- The FTSE 100 index was flat at 7,694.27.
- The French CAC 40 index rose 0.15% to 7,476.47.
- The German DAX gained 0.39% to 16,469.75.
Among the Stoxx Europe 600 constituents, Atos SE, a business/consumer services company, saw the largest decline on Friday as its shares cratered by 22.5%. Shares of Alten and Capgemini SE, both business/consumer services firms, fell by 7.6% and 7.0% respectively. Samhaellsbyggnadsbolaget i Norden AB Series B, a technology company, and CNH Industrial N.V., a machinery firm, rounded out the top five decreases with their stocks falling by 6.4% and 6.3% respectively.
On the other hand, Polymetal International PLC, a mining & metals company, saw the largest increase among Stoxx Europe 600 constituents as its shares rocketed by 30.3% on Friday. Shares of ams-OSRAM AG, a technology firm, and Fluidra S.A., a real estate/construction company, jumped by 18.5% and 10.1% respectively. Allfunds Group PLC, an investing/securities company, and Euronext N.V., another investing/securities company, rounded out the top five increases with their stocks gaining 7.5% and 7.4% respectively.
Currency and Commodities
The pound was up 0.55% against the dollar, while the euro saw a 0.53% increase. Brent crude increased marginally by 0.02% to $83.81.
The 10-year gilt yield increased to 4.326%, reflecting a rise of 1.54 basis points. Similarly, the yield on the German 10-year bund increased by 1.950 basis points to 2.49%.