blog

Latest from the Quantamize Blog

Erdogan's Hardening Stance Against US-Turkish Policy Fuels Uncertainty in European Markets

Aug 15, 2018

Start Your Free Trial Today

Data in Price Return, Source: Stockdio

European Market

  • European stocks have reversed from yesterday's positive session, as fears of contagion rise with Erdogan's hardening stance in response to US sanctions and tariffs 
  • Despite Turkish-American tensions, the Lira is up off its lows today, but down more than 20% in the past week and a half
  • The Euro Stoxx 600 is currently down -0.95%, the FTSE 100 has declined -1.12%, the DAX has fallen -1.14%, and the CAC 40 is lower by -1.16%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.15x
  • Media (-0.05%), Real Estate (-0.34%), and Food & Beverage (-0.48%) stocks are the top performers in the Euro Stoxx 600 today
  • Basic Resources (-3.03%), Automobiles & Parts (-1.58%), and Telecommunications (-1.27%) stocks are the worst performers in the Euro Stoxx 600 today
  • 45 stocks in the Euro Stoxx 600 are at 4-week highs while 78 stocks are at 4-week lows
  • 24 stocks in the Euro Stoxx 600 are overbought while 27 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is moving up this morning and is currently at 16.92 after closing at 15.86 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.247% against the USD$ to 1.1316
  • GBP£ is currently down -0.196% against the USD$ to 1.2698
  • CHF is currently down -0.308% against the USD$ to 1.0027

Highlights from the European Bond Market

  • German 10-Year Bunds are higher with yields down -1.7 basis points to 0.31%
  • French 10-Year Government Bonds are higher with yields down -1.2 basis points to 0.67%
  • UK 10-Year GILTs are higher with yields down -3 basis points to 1.233%
  • Italian 10-Year Government Bonds are lower with yields up 4.2 basis points to 3.072%
  • Spanish 10-Year Government Bonds are higher with yields down -0.4 basis points to 1.41%

Euro Stoxx 50 Movers

In local currency.

On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D% CHG Volume
Safran SA Industrials 108.05 0.42%          269,257.00
Eni SpA Energy 16.11 0.00% #N/A
Enel SpA Utilities 4.48 0.00%    20,779,077.00
Intesa Sanpaolo SpA Financials 2.24 0.00%    86,709,631.00
Anheuser-Busch InBev SA/NV Consumer Staples 85.85 -0.01%          572,390.00
Underperformers Sector Price 1D% CHG Volume
Bayer AG Health Care 80.95 -3.51%       2,282,355.00
Deutsche Bank AG Financials 9.799 -2.61%       6,284,642.00
Banco Santander SA Financials 4.312 -2.49%    17,099,903.00
Volkswagen AG Consumer Discretionary 139.72 -2.41%          423,256.00
Daimler AG Consumer Discretionary 55.39 -2.02%       1,336,396.00