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European Stocks Broadly Decline on Concerns of Turkish Economic Contagion

Aug 13, 2018

European Markets                                                                                                                                                            Start Your Free Trial Today

  • The Euro Stoxx 600 closed down -0.32%, the FTSE 100 declined -0.41%, the DAX fell -0.38%, and the CAC 40 finished up +0.04%
  • Investor sentiment for European stocks finished trading negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.38x
  • Technology (+0.56%), Oil & Gas (+0.43%), and Insurance (+0.33%) stocks were the top performers in the Euro Stoxx 600 today
  • Banks (-1.25%), Health Care (-1.13%), and Travel & Leisure (-0.58%) stocks were the worst performers in the Euro Stoxx 600 today
  • 33 stocks in the Euro Stoxx 600 hit 4-week highs while 83 stocks closed at 4-week lows
  • 32 stocks in the Euro Stoxx 600 finished the trading session overbought while 13 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed little changed +0.68 points today to 15.79 after closing at 15.11 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1402
  • GBP£ is currently little changed against the USD$ at 1.2764
  • CHF is currently little changed against the USD$ at 1.0057

Highlights from the European Bond Market

  • German 10-Year Bunds are higher with yields down -0.9 basis points to 0.308%
  • French 10-Year Government Bonds are lower with yields up 1.3 basis points to 0.683%
  • UK 10-Year GILTs are lower with yields up 0.6 basis points to 1.248%
  • Italian 10-Year Government Bonds are lower with yields up 8.7 basis points to 3.08%
  • Spanish 10-Year Government Bonds are lower with yields up 9.3 basis points to 1.5%

Stocks Trending in the News

Click name for Q-Factor rating and financial data

Banco Bilbao (BME:BBVA) has been downgraded to reduce from a hold rating at Kepler Cheuvreux. Shares of BBVA declined 3.67% today

BP PLC (LSE:BP) has been upgraded to add from a reduce rating at AlphaValue. Shares of BP rose 0.41% to £5.58

Diageo Plc (LSE:DGE) is attempting to acquire a 50.6% stake in Swellfun, representing 247.2 million shares. The offer price represents a ¥61.38 per share offer

Sanofi (ENXTPA:SAN) traded 0.30% to €73.49 lower today, despite being upgraded to a buy at Citi. Citi’s price target for Sanofi has been set at €93

*Data in price return. Source: Stockdio

Euro Stoxx 50 Movers

In local currency.

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Outperformers Sector Price 1D% CHG Volume
SAP SE Information Technology 100.64 2.00%          804,145.00
Munich Re Financials 185.2 1.62%          202,712.00
adidas AG Consumer Discretionary 208.8 1.51%          270,226.00
Fresenius SE & Co KGaA Health Care 65.4 1.08%          481,218.00
Allianz SE Financials 188 1.06%          528,103.00
Underperformers Sector Price 1D% CHG Volume
Bayer AG Health Care 81.85 -12.37%       9,906,050.00
Banco Bilbao Vizcaya Argentaria SA Financials 5.448 -3.79%    26,548,370.00
ING Groep NV Financials 11.774 -3.27%    14,572,495.00
Intesa Sanpaolo SpA Financials 2.2495 -2.33%    61,337,668.00
Banco Santander SA Financials 4.4615 -2.07%    23,819,587.00