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European Stocks Slide On Escalating Turkey Concerns and Declining Commodity Prices

Aug 15, 2018

European Markets                                                                                                                                                            Start Your Free Trial Today

  • The Euro Stoxx 600 closed down -1.36%, the FTSE 100 declined -1.49%, the DAX fell -1.58%, and the CAC 40 finished down -1.82%
  • Investor sentiment for European stocks finished trading negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.12x
  • Media (-0.41%), Real Estate (-0.38%), and Food & Beverage (-0.49%) stocks were the top performers in the Euro Stoxx 600 today
  • Basic Resources (-4.15%), Automobiles & Parts (-1.9%), and Telecommunications (-1.22%) stocks were the worst performers in the Euro Stoxx 600 today
  • 45 stocks in the Euro Stoxx 600 hit 4-week highs while 78 stocks closed at 4-week lows
  • 24 stocks in the Euro Stoxx 600 finished the trading session overbought while 27 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed up +1.06 points today to 16.92 after closing at 15.86 yesterday

What is Going on With European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1337
  • GBP£ is currently down -0.196% against the USD$ to 1.2698
  • CHF is currently little changed against the USD$ at 1.0054

Highlights from the European Bond Market

  • German 10-Year Bunds are higher with yields down 2.3 basis points to 0.304%
  • French 10-Year Government Bonds are higher with yields down 1.3 basis points to 0.669%
  • UK 10-Year GILTs are higher with yields down 3.8 basis points to 1.225%
  • Italian 10-Year Government Bonds are lower with yields up 13.9 basis points to 3.169%
  • Spanish 10-Year Government Bonds are lower with yields up 3.6 basis points to 1.45%

Stocks Trending in the News

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Deutsche Bank AG (DBK.GR) shares are trading 2.68% lower today, after the company agreed to pay a $21.9 million sum to settle an employee class action lawsuit. The lawsuit accused Deutsche Bank of mismanaging employee retirement savings by offering expensive and underperforming 401k plan investments
Koninklijke KPN (KPN.NA) declined 1.15% today, despite being upgraded to neutral from an underperform rating at Macquarie 
Lloyd’s Banking Group (LSE: LLOY) shares fell 0.84% in today’s trading, after the company revealed major security lapses which disrupted customer access to payment services

Data in Price Return, Source: Stockdio

Euro Stoxx 50 Movers

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Outperformers Sector Price 1D% CHG Volume
Anheuser-Busch InBev SA/NV Consumer Staples 86.19 0.48%       1,812,611.00
Eni SpA Energy 16.11 0.00% --
Enel SpA Utilities 4.478 0.00%    20,779,077.00
Intesa Sanpaolo SpA Financials 2.24 0.00%    86,709,631.00
Koninklijke Ahold Delhaize NV Consumer Staples 20.725 -0.36%       4,816,394.00
Underperformers Sector Price 1D% CHG Volume
ASML Holding NV Information Technology 174.04 -3.82%       1,336,517.00
Bayer AG Health Care 80.79 -3.55%       6,593,144.00
Volkswagen AG Consumer Discretionary 138.44 -3.12%       1,962,637.00
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 291.15 -2.97%          648,874.00
TOTAL SA Energy 52.07 -2.76%       7,661,481.00