European stocks extend winning streak for fourth session

European stocks extend winning streak for fourth session

European stocks finished up Monday, with the Stoxx Europe 600 index XX:SXXP rising 0.59% to 446.57.

The German DAX DX:DAX added 0.79% to 14,575.98, the French CAC 40 index FR:PX1 rose 0.72% to 6,562.39 and the FTSE 100 index UK:UKX added 0.19% to 7,600.06.

Of the Stoxx Europe 600 constituents, residential building construction company Countryside Partnerships PLC UK:CSP saw the largest increase Monday, as shares surged 18.6%.

Shares of medical equipment/supplies firm GN Store Nord A/S DK:GN and jewelry & watches company Pandora A/S DK:PNDORA rose 11.8% and 9.9%, respectively.

Delivery Hero SE XE:DHER, an emerging technologies company, and medical equipment/supplies company Demant A/S DK:DEMANT rounded out the top five largest increases as their stocks gained 9.7% and 8.9%, respectively.

Shares of tobacco company British American Tobacco PLC UK:BATS saw the largest decline among Stoxx Europe 600 constituents, as shares dropped 2.7% on Monday.

Shares of construction firm Acciona S.A. ES:ANA and wireless telecommunications services company Cellnex Telecom S.A. ES:CLNX dropped 2.5% and 2.3%, respectively.

Deutsche Boerse AG XE:DB1, a securities company, and real estate developers company Swiss Prime Site AG CH:SPSN rounded out the top five largest decreases as their stocks weakened 2.3% and 2.1%, respectively.

The pound US:GBPUSD was up 0.22% against the dollar, and the euro US:EURUSD was up 0.42%. Brent crude US:BRN00 rose 1.12% to $116.86.

The yield on the 10-year gilt BX:TMBMKGB-10Y fell 3.67 basis points to 1.990%, and the yield on the German 10-year bund BX:TMBMKDE-10Y fell 0.096 basis points to 1.06%.

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