Movers: Allianz, Antofagasta, Entain, Hapag Llyod, Novo Nordisk, Persimmon, Siemens, Thyssenkrupp, Zurich Insurance

Inga Muller
10 Aug, 2023
New York City

European markets traded higher for the second day in a row  and bond yields held stable. 

The DAX index increased 0.4% to 15,919.91, the CAC-40 index rose 0.9% to 7,388.29 and the FTSE 100 index added 0.07% to 7,591.98.  

The yield on 10-year German bonds increased to 2.49%, French bonds traded higher to 3.06%, the UK gilts edged up to 4.37% and Italian bonds increased to 4.17%.

Zurich Insurance Group AG increased 1.8% to CHF 427.90 after the Swiss company reported strong results in the first-half. 

Allianz SE jumped 2.9% to €220.75 after the German company reported better-than-expected profit increase in the second quarter. 

Novo Nordisk AS decreased 1.9% to DKK 1,239.0 after the maker of weight loss blockbuster drug Wegovy  extended supply restrictions in some areas for some doses.

Siemens AG declined5.4% to €138.18 after the German engineering group reported weaker-than-expected profit in the latest quarter. 

Thyssenkrupp AG increased4.5% to €6.99 after the company estimated 2023 operating earnings are likely to be towards the upper end of the range. 

Hapag Lloyd AG declined 3.4% to €186.10 after the container shipping company said profit in the first-half fell 67% from a year ago. 

Antofagasta Plc jumped 1.5% to 1,631.0 pence after the company reported better-than-expected sales and earnings growth and increased its shareholder payout. 

Luxury stocks in Paris advanced and Hermes and LVMH jumped between 1% and 2.5% after China permitted group tours to South Korea for the first time since 2017. 

Entain Plc  rose 1% to 1,371.0 pence after the gambling company swung to a pre-tax loss of £502.5 million from a profit of £28.1 million a year ago.

Persimmon Plc increased 3.4% to 1,160.0 pence after the UK-based home builder forecasted annual profit in line with market expectations.