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European Stocks Edge Lower To Close the Week On Weakness in Banking and Tech

Aug 17, 2018

European Markets                                                                                                                        Start Your Free Trial Today

  • The Euro Stoxx 600 closed down -0.1%, the FTSE 100 advanced +0.03%, the DAX fell -0.22%, and the CAC 40 finished down -0.08%
  • Investor sentiment for European stocks finished trading negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.85x
  • Health Care (+0.23%), Industrial Goods & Services (+0.3%), and Personal & Household Goods (-0.04%) stocks were the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (-0.36%), Banks (-0.6%), and Basic Resources (-0.24%) stocks were the worst performers in the Euro Stoxx 600 today
  • 25 stocks in the Euro Stoxx 600 hit 4-week highs while 79 stocks closed at 4-week lows
  • 11 stocks in the Euro Stoxx 600 finished the trading session overbought while 37 stocks closed oversold according to the 16-day RSI Measure

Stocks Trending in the News

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KAZ Minerals Plc (LSE:KAZ) fell 14.58% in today’s trading, after the company was downgraded at Credit Suisse to neutral from an outperform rating on concerns about the impact of KAZ’s recent acquisition of Baimskaya
Novo Nordisk A/S (NOVOB.DC) traded 1.26% lower today, after it was announced that the company has agreed to acquire start-up company Ziylo for USD$800mm. Novo Nordisk hopes that its new acquisition will facilitate the development of new forms of insulin
Tenaris SA (TEN.IM) has been downgraded from buy to a neutral rating at Citigroup. Tenaris stocks declined 0.79% 

What is Going on with European Currencies?

  • EUR€ is currently up +0.308% against the USD$ to 1.1412
  • GBP£ is currently little changed against the USD$ at 1.2729
  • CHF is currently up +0.239% against the USD$ to 1.0055

Highlights from the European Bond Market

  • German 10-Year Bunds are higher with yields down 1.5 basis points to 0.305%
  • French 10-Year Government Bonds are higher with yields down 1 basis points to 0.667%
  • UK 10-Year GILTs are higher with yields down 0.4 basis points to 1.236%
  • Italian 10-Year Government Bonds are lower with yields up 0.4 basis points to 3.121%
  • Spanish 10-Year Government Bonds are lower with yields up 0.4 basis points to 1.449%

Data in Price Reutrn, Source: Stockdio

Euro Stoxx 50 Movers

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Outperformers Sector Price 1D% CHG Volume
Bayer AG Health Care 78.4 1.75%         7,033,882.00
Schneider Electric SE Industrials 67.9 0.95%         1,625,592.00
E.ON SE Utilities 9.52 0.93%         9,951,016.00
Sanofi Health Care 73.1 0.88%            851,116.00
Vinci SA Industrials 81.9 0.86%         1,171,465.00
Underperformers Sector Price 1D% CHG Volume
ASML Holding NV Information Technology 172 -1.28%         1,324,125.00
Deutsche Bank AG Financials 9.76 -1.26%      14,393,764.00
ING Groep NV Financials 11.7 -1.15%      17,917,989.00
Telefonica SA Telecommunication Services 7.31 -1.03%      18,326,994.00
Allianz SE Financials 184 -0.88%         1,086,832.00