European Stocks Finish Strong

European stocks ended on a positive note on Tuesday, with the Stoxx Europe 600 index (XX:SXXP) recording a growth of 1.96% to reach 452.48.

Key Performances

• The French CAC 40 index (FR:PX1) rose by 2.01% to 7,162.43.
• The German DAX (DX:DAX) increased by 1.95% to 15,423.52.
• The FTSE 100 index (UK:UKX) gained 1.82% to reach 7,628.21.

Top Performers

Among the constituents of the Stoxx Europe 600, media/entertainment company Viaplay Group AB Series B (SE:VPLAY) witnessed the largest increase on Tuesday, with shares gaining 9.5%.

Other notable performers include:

• Technology firm Samhaellsbyggnadsbolaget i Norden AB Series B (SE:SBB), with an increase of 8.6%.
• Technology company Just Eat Takeaway.com N.V. (NL:TKWY), with an increase of 8.0%.
• Food/beverages/tobacco company AAK AB (SE:AAK), with a gain of 7.8%.
• Electric utilities business Oersted A/S (DK:ORSTED), also with a gain of 7.8%.

Underperformers

On the other hand, leisure/travel goods company Ubisoft Entertainment S.A. (FR:UBI) experienced the largest decrease among the constituents of the Stoxx Europe 600, with shares weakening by 5.0% on Tuesday.

Other underperformers include:

• Business services firm Spirax-Sarco Engineering PLC (UK:SPX), with a decline of 2.0%.
• Transportation/logistics company A.P. Moeller-Maersk A/S Series B (DK:MAERSK), also with a decline of 2.0%.
• Health care/life sciences company Siegfried Holding AG (CH:SFZN), with a decrease of 1.7%.
• Telephone systems business Telenor ASA (NO:TEL), with a decline of 1.6%.

Market Indicators

In terms of currency exchange rates, the pound (GBPUSD) saw a 0.38% increase against the dollar, while the euro (EURUSD) rose by 0.49%.

Brent crude (UK:BRN00) experienced a slight dip of 0.83% and was priced at $87.42.

Yields on government bonds also saw some movement, with the 10-year British gilt (BX:TMBMKGB-10Y) falling by 4.86 basis points to reach 4.434%, while the yield on the German 10-year bund (BX:TMBMKDE-10Y) increased by 0.150 basis points to 2.78%.