Market Updates
Europe Movers: Danske Bank, Delivery Hero, Glencore, SSAB
Inga Muller
21 Jul, 2023
New York City
The DAX index increased 0.2% to 16,147.21, the CAC-40 index advanced 0.4% to 7,352.81 and the FTSE 100 index increased 0.6% to 7,637.29.
The yield on 10-year German bonds increased higher to 2.44%, French bonds traded higher to 3.0%, the UK gilts edged up to 4.28% and Italian bonds increased to 4.06%.
Danske Bank AS rose 1.5% to €22.0 after the largest Danish bank lifted its annual earnings outlook.
SSAB AB dropped 13% to 65.78 kronor after the Swedish steelmaker said operating profit plunged by 50% in the second quarter.
Glencore Plc increased 0.05% to 472.85 pence after the mining company reported strong gains in production in the first quarter.
SAP SE declined 3.3% to €122.22 after the German information system company reported weaker-than-expected cloud segment revenue growth.
Delivery Hero SE declined 1% to €40.01 after the delivery service provider agreed to acquire a 37% stake in Saudi Arabia based Hungerstation Holding Limited for $297 million.
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Earnings
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