Europe Movers: DNB Bank, FirstGroup, Forvia, Hollywood Bowl, JDE Peets, Nokia

Inga Muller
21 Oct, 2024
Frankfurt

European markets struggled to advance after rising in the previous two consecutive weeks. 

Germany's producer prices fell for the 15th month in a row, driven by an ongoing decline in energy prices. 

The DAX index decreased by 0.7% to 19,519.77; the CAC-40 index fell by 0.8% to 7,555.50; and the FTSE 100 index decreased by 0.2% to 8,340.44. 

The yield on 10-year German bonds edged lower to 2.24%, French bonds inched higher to 2.97%, the UK gilts edged up to 4.12%, and Italian bonds increased to 3.44%.

Resource stocks advanced in Monday's trading after commodity prices rose in Asian and European trading. 

BP plc increased 1.9% to 407.35 pence, Shell PLC advanced 1.1% to 2,564.50 pence, Antofagasta rose 0.6% to 1,839.50 pence, Anglo American inched higher 0.1% to 2,381.50, and Glencore added 0.7% to 411.49 pence. 

FirstGroup plc added 0.4% to 139.90 pence, and the company confirmed the acquisition of the London-based coach operator Anderson Travel. 

Hollywood Bowl PLC jumped 2.5% to 334.50 pence after the company estimated adjusted earnings in fiscal 2024 are likely to surpass market expectations. 

Forvia SE advanced 6.5% to €8.50 after the automobile parts maker reported better-than-expected third quarter sales. 

JDE Peets NV jumped 16.7% to €22.14 after the company reiterated its annual outlook and appointed a new chief executive officer. 

Nokia Oyj gained 1.5% to €4.34 after the Finnish telecom company announced a new partnership with Vietnam Posts and Telecoms Group to deploy 5G networks. 

DNB Bank ASA increased 0.5% to €18.57, and Norway's largest bank agreed to acquire all shares of Carnegie Holding AB for SEK 12 billion.