European stocks closed the week on a positive note, with the Stoxx Europe 600 index rising by 0.62% to reach 491.59.

Market Performance

  • The FTSE 100 index increased by 1.50% to reach 7,711.71.
  • The German DAX added 0.42% to reach 17,117.44.
  • The French CAC 40 index increased by 0.32% to reach 7,768.18.

Top Gainers

Among the Stoxx Europe 600 constituents, mining & metals company Metso Oyj saw the largest increase on Friday, with shares rising by 9.0%.

Other notable gainers include:

  • NatWest Group PLC, a banking/credit firm, which saw a 7.1% increase in their shares.
  • Antofagasta PLC, a mining & metals company, whose shares increased by 5.7%.
  • Rexel S.A., an industrial goods company, and Eurofins Scientific SE, a health care/life sciences business, saw their stocks increase by 4.7% and 4.3% respectively.

Top Losers

On the other hand, Nibe Industrier AB Series B, a real estate/construction company, experienced the largest drop among the Stoxx Europe 600 constituents. Their shares plunged by 13.4% on Friday.

Other notable losers include:

  • Renault S.A., a motor vehicles firm, which saw a 4.7% decrease in their shares.
  • Temenos AG, a technology company, whose shares fell by 4.6%.
  • Fortnox AB, a technology company, and A.P. Moeller-Maersk A/S Series B, a transportation/logistics firm, saw their stocks decline by 4.1% and 3.4% respectively.

Currency and Commodity Performance

The pound was down 0.10% against the dollar, while the euro was down 0.03%.

Brent crude, a key commodity, increased by 0.48% to reach $83.26.

Bond Yields

The yield on the 10-year gilt rose by 6.41 basis points to reach 4.111%, while the yield on the German 10-year bund rose by 4.260 basis points to reach 2.41%.

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