European Stocks Close Lower on Tuesday

The European stocks experienced a decline on Tuesday, as the Stoxx Europe 600 index fell 0.23% to 456.90. The French CAC 40 index weakened 0.34% to 7,254.72, while the German DAX dropped 0.34% to 15,771.71 and the FTSE 100 index weakened 0.20% to 7,437.93.

Decreases in Stock Values

Media/entertainment company Viaplay Group AB Series B saw the largest decrease on Tuesday, with shares weakening by 9.9%. Electric utilities firm Oersted A/S and health care/life sciences company GN Store Nord A/S also experienced declines of 8.3% and 7.6% respectively.

Commerzbank AG, a banking company, and retail business Koninklijke Ahold Delhaize N.V. rounded out the top five largest decreases with their stocks falling by 6.1%.

Increases in Stock Values

Partners Group Holding AG saw the largest increase among the Stoxx Europe 600 constituents, as shares added 6.6% on Tuesday. Retail firm Etablissementen Franz Colruyt N.V. and retail company DocMorris N.V. also experienced increases of 6.0% and 5.4% respectively.

Alten, a business/consumer services company, and health care/life sciences company MorphoSys AG rounded out the top five largest increases with their stocks adding 3.6% and 3.3% respectively.

Currency and Commodity Market Updates

The pound was down 0.35% against the dollar, while the euro was down 0.62%. In the commodity market, Brent crude gained 2.22% to reach $90.98.

Bond Yield Updates

The yield on the 10-year gilt increased 5.57 basis points to 4.524%, and the yield on the German 10-year bund increased 3.070 basis points to 2.61%.