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European Stocks Close Higher, Euro Stoxx 600 At Highest Level In A Week

Aug 21, 2018

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European Markets

  • European stocks traded higher for the second consecutive session on optimism that progress will be made during the US-China trade summit scheduled for tomorrow
  • The Euro Stoxx 600 is up to its highest level since last Tuesday, but is still down 1.67% on a MTD basis
  • The Euro Stoxx 600 closed up +0.24%, the FTSE 100 declined -0.34%, the DAX rose +0.43%, and the CAC 40 finished up +0.54%
  • Investor sentiment for European stocks finished trading positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.23x
  • Utilities (+0.41%), Construction & Materials (+0.84%), and Banks (+0.72%) stocks were the top performers in the Euro Stoxx 600 today
  • Travel & Leisure (-0.57%), Media (-0.23%), and Basic Resources (-0.22%) stocks were the worst performers in the Euro Stoxx 600 today
  • 67 stocks in the Euro Stoxx 600 hit 4-week highs while 18 stocks closed at 4-week lows
  • 22 stocks in the Euro Stoxx 600 finished the trading session overbought while 30 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed little changed -0.89 points today to 13.61 after closing at 14.5 yesterday

Stocks Trending in the News

Click name for Q-Factor score and financial data.

  • Bayer AG (DB:BAYN) traded 1.33% higher to €82.18 after the company was upgraded from hold to a buy rating at Berenberg. Bayer is rated as “Neutral” in our European Large-Cap Global Top Picks.
  • Saipem SpA (BIT:SPM) advanced 6.97% to €4.59, after it was reported that the company was awarded USD$700mm in offshore E&C contracts in Guyana and Congo. Saipem is rated as "Neutral" in our European Large-Cap Global Top Picks.
  • Novo Nordisk A/S (CPSE:NOVO B) shares rose 1.52% to DKK317.50 after the company was upgraded from reduce to a buy rating at New Street Research. Novo Nordisk rated as “Neutral” in our European Large-Cap Global Top Picks.

Highlights from the European Bond Market

  • German 10-Year Bunds are lower with yields up 2.9 basis points to 0.331%
  • French 10-Year Government Bonds are lower with yields up 1.9 basis points to 0.672%
  • UK 10-Year GILTs are lower with yields up 4.4 basis points to 1.267%
  • Italian 10-Year Government Bonds are higher with yields down 2.6 basis points to 2.988%
  • Spanish 10-Year Government Bonds are higher with yields down 2.2 basis points to 1.368%

What is Going on with European Currencies?

  • EUR€ is currently up +0.705% against the USD$ to 1.1563
  • GBP£ is currently up +0.656% against the USD$ to 1.2882
  • CHF is currently up +0.565% against the USD$ to 1.0143

Data in Price Return and Updated Real-Time (with a delay), Source: Stockdio

Euro Stoxx 50 Movers

In local currency 

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Outperformers Sector Price 1D% CHG Volume
Intesa Sanpaolo SpA Financials 2.24 3.39%      95,816,545.00
Cie de Saint-Gobain Industrials 36.4 2.25%         2,173,532.00
ING Groep NV Financials 11.9 2.02%      15,468,529.00
Bayer AG Health Care 82.1 1.66%         4,749,699.00
Deutsche Bank AG Financials 9.93 1.56%         4,559,240.00
Underperformers Sector Price 1D% CHG Volume
Unibail-Rodamco-Westfield Real Estate 186 -0.62%               68,895.00
E.ON SE Utilities 9.48 -0.50%         7,643,476.00
Unilever NV Consumer Staples 49.7 -0.49%         2,768,344.00
Koninklijke Philips NV Health Care 37.3 -0.41%         2,061,510.00
Airbus SE Industrials 107 -0.39%            729,822.00