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European Stocks Trade Higher, Moving Off Of Monthly Lows

Aug 16, 2018

European Markets                                                                                                                                                            Start Your Free Trial Today

  • European stocks finished in positive territory today, as renewed US-China trade negotiations, and a rebound in metal prices urged European equities higher
  • The Euro Stoxx 600 closed up +0.46%, the FTSE 100 advanced +0.78%, the DAX rose +0.61%, and the CAC 40 finished up +0.83%
  • Investor sentiment for European stocks finished trading positive with the advance/decline ratio for the Euro Stoxx 600 currently at 3.65x
  • Technology (+1.07%), Basic Resources (+0.84%), and Real Estate (+1.02%) stocks were the top performers in the Euro Stoxx 600 today
  • Health Care (+0.06%), Chemicals (+0.53%), and Automobiles & Parts (+0.29%) stocks were the worst performers in the Euro Stoxx 600 today
  • 26 stocks in the Euro Stoxx 600 hit 4-week highs while 177 stocks closed at 4-week lows
  • 7 stocks in the Euro Stoxx 600 finished the trading session overbought while 53 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed  down -1.81 points today to 16.67 after closing at 18.48 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1361
  • GBP£ is currently little changed against the USD$ at 1.2701
  • CHF is currently down -0.298% against the USD$ to 1.0034

Highlights from the European  Bond Market

  • German 10-Year Bunds are lower with yields up 1.6 basis points to 0.32%
  • French 10-Year Government Bonds are lower with yields up 0.8 basis points to 0.677%
  • UK 10-Year GILTs are lower with yields up 1.5 basis points to 1.24%
  • Italian 10-Year Government Bonds are higher with yields down -5.2 basis points to 3.117%
  • Spanish 10-Year Government Bonds are higher with yields down -0.5 basis points to 1.445%

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

AXA SA (ENXTPA:CS) finished 0.89% higher to €21.59 after the  company was upgraded to buy from a hold rating at Backhaus Lampe
Banco Santander (BME:SAN) advanced 0.78% today, after the company announced that the US Federal Reserve has terminated its enforcement action against the company
Saipem SpA (SPM.IM) has been upgraded to hold from an underperform rating at Jeffries, with a price target set at €4.20. Although the company received an upgraded rating, Saipem stock fell 1.64% in today’s trading

Data in Price Reutrn, Source: Stockdio

Euro Stoxx 50 Movers

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Outperformers Sector Price 1D% CHG Volume
SAP SE Information Technology 101.9 2.78%       1,066,563.00
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 297.8 2.28%          496,033.00
Airbus SE Industrials 107.56 2.22%          989,496.00
CRH PLC Materials 28.38 1.98%          724,307.00
Banco Bilbao Vizcaya Argentaria SA Financials 5.487 1.63%    25,579,272.00
Underperformers Sector Price 1D% CHG Volume
Bayer AG Health Care 75.6 -4.63%         5,814,454.00
Intesa Sanpaolo SpA Financials 2.2 -1.81%    107,771,448.00
Eni SpA Energy 16 -1.25%         3,867,686.00
Enel SpA Utilities 4.43 -1.05%      27,393,822.00
Industria de Diseno Textil SA Consumer Discretionary 27.3 -0.62%         2,616,897.00