European Stocks Slip as Market Ends the Day Lower

The European stock market experienced a decline on Monday, with the Stoxx Europe 600 index closing down by 0.54% at 474.19. Several key indices also saw negative results, including the French CAC 40 index, which dropped by 0.72% to 7,411.68, the German DAX, which declined by 0.49% to 16,622.22, and the FTSE 100 index, which saw a decrease of 0.39% to 7,594.91.

Among the constituents of the Stoxx Europe 600 index, several companies experienced significant drops in their share prices. Business/consumer services company Atos SE saw the largest decline, with shares tumbling by 15.1%. Technology firms Sinch AB and Samhaellsbyggnadsbolaget i Norden AB Series B also experienced drops of 10.4% and 9.3% respectively. Health care/life sciences company Idorsia Ltd. and technology business Just Eat Takeaway.com N.V. witnessed decreases of 8.9% and 8.3% respectively, rounding out the top five largest drops.

On a more positive note, health care/life sciences company MorphoSys AG saw the largest increase among the Stoxx Europe 600 constituents, with shares rising by 9.7% on Monday. Media/entertainment firm Viaplay Group AB Series B and leisure/arts/hospitality company Flutter Entertainment PLC also experienced gains of 4.5% and 3.0% respectively. Banking/credit company Raiffeisen Bank International AG and leisure/arts/hospitality firm Kindred Group PLC SDR SE:KIND completed the top five largest increases, with their stocks rising by 2.8% and 2.5% respectively.

In terms of currency exchange rates, the pound was down 0.18% against the dollar, while the euro saw a decrease of 0.02%. The price of Brent crude declined by 0.19%, reaching $78.14.

Looking at bond yields, the yield on the 10-year gilt increased by 0.02 basis points to 3.800%, while the yield on the German 10-year bund rose by 3.030 basis points to 2.24%.