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European stocks see mixed results, Brent crude prices drop to $90.84

EditorRachael Rajan
Published 23/10/2023, 18:42
© Reuters.

In Monday's trading session, European stocks experienced mixed performance, with the Stoxx Europe 600 index falling by 0.13%, and the FTSE 100 decreasing by 0.37%. Conversely, the French CAC 40 index saw a rise of 0.50%, while the German DAX remained flat.

Several companies witnessed a decline in their share prices, including business services company Adevinta ASA, printing/publishing firm Schibsted ASA, and real estate companies Aroundtown S.A., and Vistry Group PLC. These companies saw their shares drop between 5.8% and 9.6%.

On the other hand, a few companies enjoyed share price increases. Air transport firm InPost S.A., Flutter Entertainment PLC, Getinge AB Series B, and retail company Ocado (LON:OCDO) Group PLC all experienced share price increases of up to 5.7%. Additionally, health care/life sciences company Idorsia Ltd.'s stock gained 3.3%.

The pound and euro strengthened against the dollar on Monday. In commodity markets, Brent crude prices fell to $90.84.

In the bond market, yields on both the UK's 10-year gilt and Germany's bund declined, reflecting changes in the larger economic climate.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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