European stocks experienced a significant boost on Friday, with the Stoxx Europe 600 index closing up 0.99% at 466.20. Major European indices followed suit, with the German DAX rising by 1.12% to reach 16,397.52, the FTSE 100 gaining 1.01% to stand at 7,529.35, and the French CAC 40 increasing by 0.48% to reach 7,346.15.
Top Gainers and Losers
Notably, among the constituents of the Stoxx Europe 600 index, Idorsia Ltd., a prominent health care and life sciences company, witnessed the largest increase on Friday as its shares surged by an impressive 13.8%. Mining and metals firms Anglo American PLC and Antofagasta PLC also saw substantial gains of 7.9% and 6.2% respectively.
On the other hand, Viaplay Group AB Series B, a well-known media and entertainment company, experienced a massive decline, with shares plummeting by a staggering 74.4%. Health care and life sciences firm Orpea S.A., as well as technology giant ams-OSRAM AG, also faced losses of 9.9% and 5.9% respectively.
Currency and Commodity Updates
In currency markets, the pound strengthened against the dollar, with GBP/USD up 0.45%. Conversely, the euro weakened slightly against the dollar by 0.08%. Brent crude experienced a modest increase of 0.27%, reaching $81.08.
Bond Yields
The yield on the 10-year gilt fell by 3.59 basis points to reach 4.140%, while the yield on the German 10-year bund declined by 8.820 basis points to settle at 2.36%.
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