European Markets Advanced, UK Q4 GDP Expanded, Eurozone Industrial Output Shrank

Bridgette Randall
13 Feb, 2025
Frankfurt

Stock market indexes in Europe advanced, and investors reviewed the latest economic updates in the region. 

Benchmark indexes in Frankfurt traded at a new high, but market indexes in London fell after the release of GDP figures. 

Germany's consumer price inflation in January eased to an annual pace of 2.3% from an eleven-month high of 2.6% in December, according to the second estimate released by the Federal Statistical Office, or Destatis. 

Eurozone industrial output fell at an annual pace of 2.0% in December, following a revised 1.8% contraction in the previous month, Eurostat said in an update on Thursday. 

The UK economy unexpectedly expanded in the fourth quarter, driven by increases in activities in construction and services, the Office for National Statistics said Thursday. 

Gross domestic product increased 0.1% from the third quarter, when the economy was flat. 

On an annual basis, the UK economy expanded at a pace of 1.4%, compared to a 1.0% increase in the third quarter.

 

Europe Indexes and Yields

The DAX index increased by 0.8% to 22,317.80, the CAC-40 index edged higher 0.6% to 8,094.08, and the FTSE 100 index declined by 0.8% to 8,738.17. 

The yield on 10-year German bonds inched lower to 2.47%, French bonds decreased to 3.17%, the UK gilts moved up to 4.54%, and Italian bonds edged lower to 3.53%.

The euro increased to $1.04; the British pound was higher at $1.25; and the U.S. dollar was lower and traded at 91.81 Swiss cents.

Brent crude decreased $0.50 to $74.69 a barrel, and the Dutch TTF natural gas was higher by €0.17 to €49.91 per MWh.

 

Europe Stock Movers

Orange SA increased 2.7% to €11.04 after the French telecom carrier met targets it set for 2024. 

Delivery Hero SE jumped 8.3% to €28.43 after the German food delivery company's revenue increase in the fourth quarter surpassed market expectations. 

British American Tobacco declined 7.2% to 3,151.47 pence after the tobacco company reported mixed results. 

Barclays PLC decreased 5.4% to 291.10 pence, despite the British bank posting higher profit in the fiscal year 2024 and launching a £1 billion stock buyback.