European stocks climbed Wednesday, as the Stoxx Europe 600 index /zigman2/quotes/210599654/delayed XX:SXXP +0.84% closed up 0.30% to 389.41.
The German DAX /zigman2/quotes/210597999/delayed DX:DAX +0.74% gained 0.36% to 12,183.28, the FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX +0.06% increased 0.30% to 7,005.39 and the French CAC 40 index /zigman2/quotes/210597958/delayed FR:PX1 +0.46% added 0.19% to 5,765.01.
Of the Stoxx Europe 600 constituents, biotechnology company MorphoSys AG /zigman2/quotes/205694191/delayed XE:MOR -2.58% saw the largest increase Wednesday, as shares rocketed 20.2%.
Shares of pharmaceuticals firm Hikma Pharmaceuticals PLC /zigman2/quotes/204872832/delayed UK:HIK -2.98% and diversified reits company Land Securities Group PLC /zigman2/quotes/207145631/delayed UK:LAND +1.06% gained 12.1% and 6.9%, respectively.
Tritax Big Box REIT PLC /zigman2/quotes/208725841/delayed UK:BBOX +0.48% , an industrial/office reits company, and biotechnology firm Lonza Group AG /zigman2/quotes/206849989/delayed CH:LONN +0.07% rounded out the top five largest increases as their stocks increased 6.4% and 6.2%, respectively.
Shares of fishing company SalMar ASA /zigman2/quotes/206932424/delayed NO:SALM +2.39% saw the largest drop among Stoxx Europe 600 constituents, as shares cratered 30.3% on Wednesday.
Shares of fishing firm Mowi ASA /zigman2/quotes/207441189/delayed NO:MOWI +2.81% and diversified holding companies company Thyssenkrupp AG /zigman2/quotes/208475822/delayed XE:TKA -0.65% tumbled 18.9% and 11.3%, respectively.
M&G PLC /zigman2/quotes/214468176/delayed UK:MNG +1.35% , an investment advisors company, and containers/packaging company SIG Group AG /zigman2/quotes/207576268/delayed CH:SIGN +2.21% rounded out the top five largest decreases as their stocks weakened 6.2% and 6.1%, respectively.
The pound /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.2207% was up 0.97% against the dollar, and the euro /zigman2/quotes/210561242/realtime/sampled EURUSD -0.1990% was up 0.95%. Brent crude increased 2.72% to $87.18.
The yield on the 10-year gilt /zigman2/quotes/211347177/realtime BX:TMBMKGB-10Y +2.87% rose 11.24 basis points to 4.007%, and the yield on the German 10-year bund /zigman2/quotes/211347112/realtime BX:TMBMKDE-10Y +6.28% rose 0.053 basis points to 2.11%.