Europe Movers: Alstom, Artemis Alpha, Eni, HICL Infrastructure, Sanofi, Swisscom

Inga Muller
21 Dec, 2023
Frankfurt

European market indexes traded down ,and bond yields eased to 9-month lows as investors debated the future rate path and economic outlook. 

The DAX index decreased 0.5% to 16,651.01, the CAC-40 index decreased 0.5% to 7,549.27, and the FTSE 100 index declined 0.4% to 7,681.78.

The yield on 10-year German bonds decreased to 1.97%; French bonds inched lower to 2.48%; the UK gilts inched lower to 3.54%; and Italian bonds inched lower to 3.60%.

Swisscom AG decreased 0.6% to CHF 505.60 after reports suggested that the telecom operator is looking to bid for Vodafone Italia.

Alstom SA declined 0.6% to €12.12, and the company emerged as the winning bidder for a €900 million contract to maintain regional rolling stock in Victoria, Australia.

Sanofi SA dropped 0.4% to €88.80 after the company said it was ending the global clinical development program of tusamitamab ravtansine to treat certain types of lung cancer after the phase 3 trial did not meet its criteria.

Eni SpA decreased 0.05% after the Italian energy company announced an investment agreement with Switzerland-based Energy Infrastructure Partners AG.

The Swiss investment company agreed to invest €0.7 billion in Eni Plentude SpA, which focuses on gas and energy distribution and manages the electric vehicle charging station network.

Artemis Alpha Trust fell 1.0% to 338.56 pence after the company reported a fiscal first-half pre-tax loss of £11.4 million.

HICL Infrastructure PLC decreased 0.5% to 136.30 pence after the investment company announced it had agreed to acquire a 3.1% stake in the A63 highway concession in France for £20 million from another shareholder.