Market Updates
Europe Movers: Electrolux, Husqvarna, Vinci, Wizz
Inga Muller
02 Feb, 2024
Frankfurt
Benchmark indexes in Europe advanced in Friday's trading and trimmed weekly losses after the central banks of the U.S., U.K., and Sweden followed the ECB lead and held key lending rates steady.
The DAX index increased 0.7% to 16,970.76, the CAC-40 index rose 0.5% to 7,630.06, and the FTSE 100 index inched higher by 0.4% to 7,654.56.
The yield on 10-year German bonds edged down to 2.17%; French bonds inched lower to 2.67%; the UK gilts edged lower to 3.81%; and Italian bonds inched lower to 3.73%.
Electrolux declined 3.5% to SEK 94.08 after the Swedish home appliance maker reported a net loss that more than tripled in 2023.
Husqvarna increased 1.7% to SEK 83.16 after the lawn and garden equipment maker reported a smaller-than-expected loss in the fourth quarter.
Vinci SA added 0.9% to €118.14 after the French construction company won a six-year contract from Vattenfall, the Swedish energy company, to dismantle two units of the Ringhals nuclear power plant.
Wizz Air Holdings gained 5% to €25.0 after the discount airline reported a rise in passenger count in January compared to the previous year.
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