Market Updates

Europe Movers: AstraZeneca, Capgemini, Euronext, Hermes, IAG, Natwest, Standard Chartered

Inga Muller
28 Jul, 2023
Frankfurt

    Market averages in Europe traded lower and investors reacted to corporate earnings. 

    The DAX index decreased 0.07% to 16,396.17, the CAC-40 index fell 0.3% to 7,445.24 and the FTSE 100 index rose 0.1% to 7,701.35.  

    The yield on 10-year German bonds increased to 2.45%, French bonds traded higher to 3.01%, the UK gilts edged up to 4.34% and Italian bonds increased to 4.08%.

    Natwest Group jumped 2.8% to 246.54 pence after the U.K.-based bank said first-half profit rose, benefiting from higher interest rates. 

    Standard Chartered Plc soared 4.8%  743.57 pence after the UK-based bank reported better-than-expected first-half earnings and announced a new $1 billion stock repurchase plan. 

    IAG Group SA increased 4.1% to 161.45 pence after the parent of British Air and Iberian Air reported better-than-expected quarterly earnings. 

    AstraZeneca plc jumped 3.8% to 11,110 pence after the UK-based drugmaker reported sales and earnings ahead of market expectations. 

    Euronext NV soared 6.6% to €68.85 after the stocks and derivatives exchange operator announced a €200 million stock repurchase program.  

    Hermes International SCA rose 3.6% to €2,004.50 after the maker of luxury fashion accessories reported higher-than-expected first-half earnings and second quarter sales. 

    Capgemini SE dropped 4.8% to €170.90 despite the IT services provider posting first-half sales increase of 7% and the company added it plans to invest $2 billion in Artificial Intelligence tools over the next three years. 

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