Market Updates
Europe Movers: BAT, Dior, Energy Stocks, Lonza Group, Real Estate Stocks
Inga Muller
29 Nov, 2023
Frankfurt
Rate-sensitive stocks in Europe advanced after bond yields fell after rate hike worries eased.
The DAX index increased 0.9% to 16,151.59, the CAC-40 index rose 0.4% to 7,281.60, and the FTSE 100 index declined 0.1% to 7,444.65.
The yield on 10-year German bonds decreased to 2.44%; French bonds traded lower to 3.0%; the UK gilts declined to 4.13%; and Italian bonds inched lower to 4.18%.
Real estate stocks advanced after bond yields declined.
Vonovia SE added 1.9% to €25.81, Segro plc increased 1% to 817.0 pence, LEG Immobilien gained 2.2% to €71.58, and Unibail-Rodamco-Westfield jumped 2.8% to €56.78.
Energy stocks were under pressure ahead of the OPEC+ meeting on Thursday amid uncertainties about the production quota agreement.
BP plc gained 0.2% to 476.15 pence, Shell PLC decreased 0.02% to 2,579.0, TotalEnergies fell 0.9% to €62.59, and Repsol SA declined 0.2% to €14.12.
Later in the day, investors are awaiting quarterly updates from British American Tobacco, Lonza Group, Christian Dior, Diageo, and Lindt & Spruengli.
Annual Returns
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