Market Updates

Europe Movers: Bellway, LM Ericsson, TotalEnergies, Tele2

Inga Muller
15 Oct, 2024
Frankfurt

    European markets struggled to stay above the flatline after advancing for two days in a row. 

    Germany's wholesale price deflation accelerated in September, and France's monthly consumer price inflation fell at the fastest pace since record-keeping began in 1990. 

    The DAX index increased by 0.2% to 19,548.11; the CAC-40 index fell by 0.8% to 7,540.79; and the FTSE 100 index declined by 0.6% to 8,244.90. 

    The yield on 10-year German bonds edged lower to 2.22%, French bonds inched lower to 2.97%, the UK gilts edged down to 4.19%, and Italian bonds decreased to 3.47%.

    LM Ericsson soared 9.9% to SEK 86.10 after the Swedish telecom equipment maker said net income in the third quarter swung to a profit compared to a loss a year ago. 

    Moreover, India-based Bharti Airtel also placed a multi-billion-dollar order for 5G wireless telecom equipment. 

    Oil explorers declined after crude oil prices fell as much as 5% on a report that Israel is not targeting Iran's nuclear and oil infrastructure. 

    Moreover, China's September imports rose only 0.6%, suggesting weak domestic demand. 

    BP plc declined 4.7% to 389.0 pence, Shell PLC fell 3.7% to 2,494.88 pence, and TotalEnergies decreased 4.3% to €59.80. 

    TotalEnergies said its downstream results are expected to decline sharply because of weak refining margins in Europe and other regions. 

    Tele2 AB increased 1.2% to SEK 112.85, and the company appointed Jean-Marc Harion as president and chief executive officer as of November 10. 

    Bellway PLC soared 6.6% to 3,256.0 pence after the UK-based home builder made positive comments about the domestic housing market recovery. 

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