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European Stocks Rise as Stoxx Europe 600 Index Closes Up 0.82%



European stocks saw gains on Friday, with the Stoxx Europe 600 index closing up by 0.82% at 444.93. The German DAX increased by 1.06% to reach 15,229.77, while the French CAC 40 index rose by 0.88% to 7,060.15. The FTSE 100 index also saw an uplift of 0.58% to reach 7,494.58.

Top Gainers

Among the constituents of the Stoxx Europe 600, Zalando SE, a retail company (XE:ZAL), experienced the largest increase, with its shares rising by 6.5% on Friday. Retail firm THG PLC (UK:THG) and investing/securities company Man Group PLC (UK:EMG) also performed well, with their shares adding 6.0% and 5.9%, respectively. Insurance company Aviva PLC (UK:AV) and real estate business Aroundtown S.A. (XE:AT1) rounded out the top five, as their stocks increased by 5.3% and 5.1%, respectively.

Top Losers

On the other hand, CD Projekt S.A., a leisure/travel goods company based in Poland (PL:CDR), witnessed the largest decrease among the Stoxx Europe 600 constituents. Its shares dropped by 9.4% on Friday. Media/entertainment firm Viaplay Group AB Series B (SE:VPLAY) and technology company S.A. (PL:ALE) also saw decreases, with their shares weakening by 7.6% and 7.3%, respectively. Health care/life sciences company Koninklijke Philips N.V. (NL:PHIA) and technology company Samhaellsbyggnadsbolaget i Norden AB Series B (SE:SBB) were among the top five largest decreases, with their stocks dropping by 6.9% and 6.8%, respectively.

Currency and Commodity Performance

The pound (GBPUSD) showed strength, increasing by 0.50% against the dollar, while the euro (EURUSD) also rose by 0.44%. Brent crude (UK:BRN00) experienced a modest gain of 0.49%, reaching $84.48.

Bond Yields

The yield on the 10-year gilt (BX:TMBMKGB-10Y) increased by 2.86 basis points to 4.576%. Similarly, the yield on the German 10-year bund (BX:TMBMKDE-10Y) rose by 0.670 basis points to 2.89%.

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