Market Updates
Europe Movers: Alfa Laval, Compass Group, Logitech, Luxury Stocks, Porsche, Resource Stocks, SAP, Thales
Inga Muller
23 Jul, 2024
Frankfurt
European market indexes flatlined, and gains in tech stocks were overshadowed by the weakness in luxury and resource stocks.
The DAX index increased by 1.1% to 18,623.06; the CAC-40 index rose by 0.04% to 7,622.61; and the FTSE 100 index fell by 0.2% to 8,184.82.
The yield on 10-year German bonds edged lower to 2.45%, French bonds inched lower to 3.10%, the UK gilts inched higher to 4.14%, and Italian bonds decreased to 3.75%.
SAP SE jumped 6.5% to €195.20 after the German software company reported better-than-expected second-quarter results.
Logitech SA increased 1.3% to CHF 83.14 after the Swiss computer accessories maker lifted its annual sales and earnings outlook.
Porsche Automobil declined 2.9% to €41.44 after the luxury vehicle maker cut its annual sales outlook and warned of possible impairment charges linked to supply chain disruptions.
Thales SA declined 5.4% to €145.95, despite the France-based largest European defense electronics company reporting slightly better-than-expected operating profit in the first half.
Alfa Laval rose 0.2% to SEK 467.80 after the Swedish thermal equipment and plant maker reported an increase in sales and earnings in the second quarter.
Compass Group jumped 4.7% after the airline catering company revised its full-year revenue and earnings outlook.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|