Why it matters
- Higher bond yields are changing which European stocks investors want to own.
- Nike's outlook is a read on consumer demand in China for the whole sportswear industry.
- Drug partnerships like Sanofi's can be worth billions in future payments.
Here are some of the companies moving European markets on Friday and Thursday.
Commerzbank fell 2% on Friday after RBC downgraded the German lender, Reuters reported via Investing.com. European banks were heading for their worst week since April as rising interest rates and bond yields unsettled investors.
Puma slipped 1.2% after U.S. rival Nike issued weak guidance, a sign that demand in China remains soft, according to the same report. Nike shares fell after hours on Thursday even though its results beat expectations, TheStreet reported.
Sanofi rose 2.6% on Thursday after expanding its partnership with Regeneron in a $1 billion deal that could bring up to $7 billion in additional payments, Yahoo Finance reported.
The backdrop
The STOXX 600 rose 0.4% to 629.18 in early trading on Friday after falling 1.3% on Thursday, when government bond yields across Europe hit multiyear highs. Germany's 10-year Bund yield is above 3.6%, its highest since 2009.
Sources
- Investing.com (Reuters), European shares edge higher after bonds-driven selloff
- Yahoo Finance, Europe stocks extend sell-off into Q4
- TheStreet, Stock market today, Oct. 1, 2026
- Trading Economics, Bund yields at 17-year high
