Market Updates

Europe Movers: AstraZeneca, Centrica, Elekta, Inditex, KPN, Workspace Group,

Inga Muller
05 Jun, 2024
Frankfurt

    European market indexes edged slightly higher in cautious trading ahead of the release of monetary policy decisions by the European Central Bank on Thursday. 

    Producer prices in the eurozone declined on a monthly basis for the sixth month in a row due to the persistent softness in energy prices. 

    France's industrial output rebounded in May.   

    The DAX index increased by 0.8% to 18,546.01; the CAC-40 index rose by 0.7% to 7,992.45; and the FTSE 100 index advanced by 0.3% to 8,252.46. 

    The yield on 10-year German bonds edged lower to 2.52%; French bonds inched lower to 3.01%; the UK gilts edged lower to 4.20%; and Italian bonds inched lower to 3.84%.

    Inditex jumped 4.5% to €45.94 after the parent company of apparel retailer Zara reported higher sales and earnings in the first quarter. 

    Elekta AB plunged 17.5% to SEK 70.25 after the maker of radiation therapy equipment reported lower-than-expected operating earnings in its fiscal fourth quarter. 

    Workspace Group plc increased 4.6% to 576.59 pence, despite the office space firm reporting a wider pre-tax loss. 

    Centrica PLC decreased 2.9% to 138.10 pence after the UK-based energy service company said the company's performance is in line with market expectations. 

    KPN increased 1.5% to €3.53 after the company signed an agreement with the Dutch pension fund, ABP, to form a new wireless communication tower company. 

    AstraZeneca increased 1% to 12,532.0 pence after the pharmaceutical company announced the completion of the acquisition of Fusion Pharmaceuticals, a clinical-stage biopharmaceutical company. 

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