Market Updates

Europe Movers: Casino Guichard, JD Sports, Kontron, Renault, Spirent Communications, Stratec

Inga Muller
28 Mar, 2024
Frankfurt

    European markets extended weekly gains ahead of a 3-day Easter break as investors debated the rate path and macroeconomic outlook for the rest of the year. 

    The DAX index increased by 0.2% to 18,506.05, the CAC-40 index rose by 0.5% to 8,249.09, and the FTSE 100 index inched higher by 0.5% to 7,974.41.

    The yield on 10-year German bonds edged down to 2.31%; French bonds inched lower to 2.81%; the UK gilts edged lower to 3.99%; and Italian bonds inched lower to 3.66%.

    Renault SA advanced 1.1% to €46.96 after the company sold 99.13 million shares, or about 2.5%, to Nissan for €358 million and participated in the company's stock repurchase program. 

    Casino Guichard Perrachon plunged 66% to €0.036 after the retailer announced the completion of its financial restructuring. 

    Kontron AG dropped 5.5% to €20.94 after the IoT company reported its full-year 2023 financial results. 

    Stratec SE dropped 9.8% to €38.55 after the German maker of in-vitro diagnostic analyzers reported a decline in 2023 profit due to a fall in sales and an increase in expenses. 

    Spirent Communications soared 11.2% to 199.10 pence after the telecommunications company accepted the £1.16 billion or $146 billion offer from Keysight Technologies. 

    JD Sports Fashions jumped 9.6% to 127.50 pence after the specialty retailer reiterated its full-year 2023 pre-tax profit before adjustments to fall between £915 million and £935 million. 

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