European stock markets fell back on the 6th. The STOXX Europe 600 index hit a record high during the session but closed 0.35% lower, pressured by profit-taking. Germany's DAX index rose 0.15% to a record closing high. Budget airline EasyJet surged 9.3% after announcing it had agreed in principle to a new takeover proposal from US investment firm Castlelake. Eurozone bond yields were flat. With little prospect of a major shift in the ECB's policy outlook, Germany's 10-year bond yield briefly touched 2.94%, its highest since June 23, but movements were limited. In currencies, the euro traded at 1.1425 dollars and the dollar at 162.26 yen.
EasyJet PLCEasyJet agreed in principle to a new takeover proposal from US investment firm Castlelake, driving shares up 9.3%.