European Stocks Close Higher

The European stock market had a positive day on Monday, with the Stoxx Europe 600 index growing by 0.54% to reach 487.46. The German DAX gained 0.65% to close at 17,037.35, while the French CAC 40 added 0.55% to reach 7,689.80. The FTSE 100 index remained flat at 7,573.69.

Top Performers

Just Eat Takeaway.com N.V. saw the largest increase among the Stoxx Europe 600 constituents, with shares gaining 8.8%. Industrial goods firm Siemens Energy AG and leisure/arts/hospitality company TUI AG also experienced significant growth, with their stocks rising by 5.7% and 5.7% respectively. Aerospace/defense company Saab AB Series B and fashion brand Burberry Group PLC rounded out the top five performers, with their stocks rising by 5.5% and 5.1% respectively.

Declining Stocks

Health care/life sciences company Ipsen witnessed the largest decline among the Stoxx Europe 600 constituents, as its shares weakened by 4.6% on Monday. Real estate investment trusts firm Tritax Big Box REIT PLC and health care/life sciences company argenx SE also experienced declines, with their stocks dropping by 4.0% and 3.0% respectively. Health care/life sciences company Sartorius Stedim Biotech S.A. and aerospace/defense company Rolls-Royce Holdings PLC also saw a decrease in their stock prices, falling by 3.0% and 2.8% respectively.

Market Currencies and Commodities

The pound was up slightly against the dollar, increasing by 0.01%, while the euro was down by 0.08%. Brent crude declined by 0.56% to reach $81.73.

Bond Yields

The yield on the 10-year gilt fell by 2.70 basis points to 4.060%, while the yield on the German 10-year bund decreased by 1.720 basis points to 2.37%.