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Europe Edges Down on Lower Volume

Aug 06, 2018

European Markets

  • The Euro Stoxx 600 closed down 0.13%, the FTSE 100 advanced 0.06%, the DAX fell 0.14%, and the CAC 40 finished down 0.03%
  • Investor sentiment for European stocks finished trading neutral with the advance/decline ratio for the Euro Stoxx 600 currently at 1.01x
  • Oil & Gas (+0.5%), Automobiles & Parts (+0.4%), and Telecommunications (+0.18%) stocks were the top performers in the Euro Stoxx 600 today
  • Basic Resources (-1.3%), Chemicals (-0.86%), and Banks (-0.59%) stocks were the worst performers in the Euro Stoxx 600 today
  • 52 stocks in the Euro Stoxx 600 hit 4-week highs while 41 stocks closed at 4-week lows
  • 46 stocks in the Euro Stoxx 600 finished the trading session overbought while 25 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed little changed +0.07 points today to 13.47 after closing at 13.4 last week

What's Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1564
  • GBP£ is currently down -0.438% against the USD$ to 1.2944
  • CHF is currently down -0.219% against the USD$ to 1.0037

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1.9 basis points to 0.389%
  • German 10-Year Bunds are higher with yields down -1.9 basis points to 0.389%
  • French 10-Year Government Bonds are higher with yields down -2.5 basis points to 0.715%
  • UK 10-Year GILTs are higher with yields down -2.5 basis points to 1.304%
  • Italian 10-Year Government Bonds are higher with yields down -2.2 basis points to 2.905%
  • Spanish 10-Year Government Bonds are higher with yields down -2.4 basis points to 1.398%

Stocks Trending in the News

  • Banco BPM (BAMI IM) of Italy missed 2Q estimates when reporting results today, net income of 129.3mn euros fell short of the 168.8mn euros consensus.  Lower fees and increased bad loan provisions were the main reasons cited for the miss.
  • Pandora (PNDRA CP) lowered guidance while reporting preliminary results below expectations with revenue of 4.85bn kroner coming below 5.04bn kroner consensus.  2018 guidance of 4-7% revenue growth is below 7-10% previous guidance while expected ebitda margin of ~32% compares with ~35% previously
  • Centrica (CNA LN) announced it will invest in a number of hubs of innovation including Israel and Silicon Valley.  It also announced an investment in Israeli EV charging company Driivz

Data in Price Return; Source: Stockdio

Euro Stoxx 50 Movers

 

Outperformers Sector Price 1D % Chg Volume
Bayerische Motoren Werke AG Consumer Discretionary 83.51 1.42% 1,685,798
Safran SA Industrials 106.6 1.04% 653,294
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 298.15 0.97% 460,882
E.ON SE Utilities 9.622 0.66% 7,770,327
Fresenius SE & Co KGaA Health Care 70 0.63% 1,457,197

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Underperformers Sector Price 1D % Chg Volume
ING Groep NV Financials 12.672 -1.46% 10,204,010
Industria de Diseno Textil SA Consumer Discretionary 27.52 -0.83% 2,321,337
adidas AG Consumer Discretionary 188.2 -0.74% 678,971
BNP Paribas SA Financials 54.03 -0.72% 2,733,213
Sanofi Health Care 73.72 -0.51% 1,770,432

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