European stocks continue negative streak, decline for second day


European stocks decreased Friday, as the Stoxx Europe 600 index
SXXP,
-2.34%

finished down 2.34% to 390.40.

The French CAC 40 index
PX1,
-2.28%

weakened 2.28% to 5,783.41, the German DAX
DAX,
-1.97%

weakened 1.97% to 12,284.19 and the FTSE 100 index
UKX,
-1.97%

dropped 1.97% to 7,018.60.

Of the Stoxx Europe 600 constituents, major international banks company Credit Suisse Group AG
CSGN,
-12.40%

saw the largest decline Friday, as shares plunged 12.4%

Shares of motor vehicle parts firm Faurecia SE
EO,
-11.50%

and investment advisors company Allfunds Group PLC
ALLFG,
-10.72%

tumbled 11.5% and 10.7%, respectively.

Valeo SE
FR,
-10.25%
,
a motor vehicle parts company, and specialty retail business Auto1 Group SE
AG1,
-9.17%

rounded out the top five largest decreases as their stocks dropped 10.3% and 9.2%, respectively.

Uniper SE
UN01,
+8.06%
,
a multiutilities company, saw the largest increase among Stoxx Europe 600 constituents, as shares rose 8.1% on Friday.

Shares of biotechnology firm UCB S.A.
UCB,
+3.70%

and wholesalers company Kion Group AG
KGX,
+2.94%

gained 3.7% and 2.9%, respectively.

Samhaellsbyggnadsbolaget i Norden AB Series B
SBB.B,
+2.84%
,
a software company, and software firm Netcompany Group A/S
NETC,
+2.76%

rounded out the top five largest increases as their stocks increased 2.8% and 2.8%, respectively.

The pound
GBPUSD,
-3.59%

was down 2.99% against the dollar, and the euro
EURUSD,
-1.50%

was down 1.22%. Brent crude
US:BRN00
weakened 5.12% to $84.95.

The yield on the 10-year gilt
TMBMKGB-10Y,
3.827%

declined 9.44 basis points to 3.829%, and the yield on the German 10-year bund
TMBMKDE-10Y,
2.024%

fell 0.029 basis points to 2.03%.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.



Read More: European stocks continue negative streak, decline for second day

2022-09-23 09:01:00

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