Market Updates
Europe Movers: Flutter Entertainment, Pluxee, Shell, TeamViewer
Inga Muller
08 Jan, 2025
Frankfurt
Bond yields in Europe advanced, and the euro hovered near a multi-year low amid uncertainties related to the rate path and weak domestic economic growth outlook.
The DAX index increased by 0.2% to 20,255.52; the CAC-40 index rose by 0.5% to 7,480.62; and the FTSE 100 index inched lower by 0.2% to 8,233.65.
The yield on 10-year German bonds edged higher to 2.49%, French bonds rose to 3.31%, the UK gilts increased to 4.71%, and Italian bonds rose to 3.62%.
TeamViewer SE soared 10.5% to €10.58 after the remote computer access and control company reported higher-than-expected full-year revenue.
Flutter Entertainment SE decreased 2.5% to 20,010.0 pence after the online gambling company lowered its U.S. revenue and profit outlook for 2024.
Shell PLC declined 1.8% to 2,570.50 pence after the UK-based energy company trimmed its LNG production outlook for the fourth quarter.
Pluxee NV soared 12.6% to €21.16 after the employee benefit company reported better-than-expected fiscal first quarter total revenue.
Total revenue in the fiscal first quarter increased 13.2% to €289 million, and the company reiterated its annual outlook.
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