Market Updates
Europe Movers: Generali, Nokia, Saint Gobain, Technip Energies, Tesla
Bridgette Randall
03 Jul, 2023
Frankfurt
The DAX index increased 0.1% to 16,160.39, the CAC-40 index jumped 0.1% to 7,409.80 and the FTSE 100 index increased 0.3% to 7,554.28.
The yield on 10-year German Bunds inched higher to 2.39%, French bonds traded lower to 2.93%, the UK gilts edged down to 4.39% and Italian bonds decreased to 4.08%.
Tesla Inc soared in Frankfurt trading after the maker of electric vehicles reported record deliveries in the second quarter on Sunday.
Mining companies gained on the hopes of stimulus from the Chinese government after China's manufacturing index declined in June.
Glencore, Antofagasta, and Anglo American advanced between 2% and 4%.
Nokia Oyj increased 2.5% to €3.93 after the company signed a new patent cross-licensing agreement with Apple Inc.
AstraZeneca Plc declined 5.6% to 10,638.0 after the latest results from a broad study for a cancer drug lagged expectations.
Saint Gobain SA increased 0.6% to €56.04 after the company signed an agreement to sell its glass processing division COVIPOR in Portugal to PNI Portugal.
Generali SpA gained 3.3% to €19.24 after Delfin won a regulatory approval to hold more than 10% stake in the Italian insurance company.
Technip Energies NV increased 0.5% to €20.91 after the French engineering and technology firm said it acquired the sustainable process development company Processium for an undisclosed amount.
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