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European Markets Moving Lower with the Weight of More Sanctions to Come

Aug 09, 2018

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European Stock Markets

  • European stocks moving lower after the open as concerns over escalating trade tensions and lower oil prices affect market sentiment
  • The Euro Stoxx 600 is currently down -0.31%, the FTSE 100 has declined 0.71%, the DAX has fallen 0.21%, and the CAC 40 is lower by 0.44%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.57x
  • Basic Resources (+0.31%), Telecommunications (-0.68%), and Real Estate (-0.1%) stocks are the top performers in the Euro Stoxx 600 today
  • Chemicals (-0.25%), Travel & Leisure (-0.06%), and Oil & Gas (-0.7%) stocks are the worst performers in the Euro Stoxx 600 today
  • 98 stocks in the Euro Stoxx 600 are at 4-week highs while 43 stocks are at 4-week lows
  • 49 stocks in the Euro Stoxx 600 are overbought while 19 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is little changed this morning and is currently at 12.97 after closing at 12.87 yesterday

What's Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ to 1.159
  • GBP£ is currently little changed against the USD$ at 1.2888
  • CHF is currently little changed against the USD$ at 1.0067

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.7 basis points to 0.391%
  • German 10-Year Bunds are higher with yields down -0.7 basis points to 0.391%
  • French 10-Year Government Bonds are higher with yields down -0.6 basis points to 0.724%
  • UK 10-Year GILTs are flat with yields little changed 0 basis points to 1.313%
  • Italian 10-Year Government Bonds are higher with yields down -0.3 basis points to 2.911%
  • Spanish 10-Year Government Bonds are higher with yields down -0.3 basis points to 1.404%

Euro Stoxx 50 Movers

*Data in price return.  In local currency.

Outperformers Sector Price 1D % Chg Volume
adidas AG Consumer Discretionary 206.6 7.58% 1,518,281
Fresenius SE & Co KGaA Health Care 65.62 -2.64% 605,170
Deutsche Telekom AG Telecommunication Services 14.27 0.07% 5,396,324
Schneider Electric SE Industrials 69.24 -0.23% 396,721
Bayerische Motoren Werke AG Consumer Discretionary 84.79 0.38% 632,211

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Underperformers Sector Price 1D % Chg Volume
Siemens AG Industrials 111.72 -0.14% 643,781
Koninklijke Ahold Delhaize NV Consumer Staples 20.955 1.28% 3,058,551
Air Liquide SA Materials 107.75 -0.83% 200,463
Sanofi Health Care 73.12 -1.28% 673,470
BNP Paribas SA Financials 54.09 -0.77% 872,589

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