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European stocks experience significant shifts; currency and bond yields decline

Published 27/10/2023, 07:04 am
© Reuters.

In a volatile day for European markets, a number of major stocks experienced significant shifts on Thursday. Siemens Energy AG, Standard Chartered (OTC:SCBFF) PLC, Kion Group AG, Rentokil Initial PLC, and HelloFresh (OTC:HLFFF) SE all saw substantial declines. Siemens Energy led the downward trend with a 35.5% drop, followed by Standard Chartered and Kion Group with decreases of 12.44% and 11.3% respectively. Rentokil Initial and HelloFresh also noted considerable declines of 10.6% and 10.27%.

On the other hand, several companies bucked the trend and saw their shares surge. Worldline S.A., BE Semiconductor Industries (AS:BESI) N.V., Dometic Group AB, Jeronimo Martins SGPS S/A, and Atos SE all registered notable gains. Worldline S.A. and BE Semiconductor Industries led the charge with increases of 13.1% and 13% respectively. Dometic Group, Jeronimo Martins, and Atos also posted gains of 11.7%, 10.6%, and 10.1%.

Currencies were also affected with both the pound and euro depreciating against the dollar on Thursday. The euro fell by 0.33%. In addition to these currency shifts, Brent crude prices fell by 1.59% to $87.70 per barrel.

The bond market was not immune to the day's fluctuations either, as yields on both the UK's and Germany's 10-year bonds declined by -0.62 basis points and -1.520 basis points respectively.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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