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European Stocks Higher As Investors Brush Off Drama Surrounding President Trump and Focus On US-China Trade Summit

Aug 22, 2018

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

European Markets

  • European equities are broadly in the black, with the Euro Stoxx 600 rising for the 3rd consecutive day, as investors caustiously eye Sino-American trade negotiations scheduled for today for indications of potenial progress
  • The Euro Stoxx 600 is currently up +0.07%, the FTSE 100 is higher by +0.3%, the DAX has advanced +0.14%, and the CAC 40 has risen +0.34%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.68x
  • Oil & Gas (+0.83%), Telecommunications (+0.77%), and Basic Resources (+0.57%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (-2.86%), Food & Beverage (-0.26%), and Utilities (-0.19%) stocks are the worst performers in the Euro Stoxx 600 today
  • 76 stocks in the Euro Stoxx 600 are at 4-week highs while 16 stocks are at 4-week lows
  • 23 stocks in the Euro Stoxx 600 are overbought while 16 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is little changed this morning and is currently at 13.66 after closing at 13.87 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.311% against the USD$ to 1.1607
  • GBP£ is currently little changed against the USD$ at 1.2909
  • CHF is currently up +0.335% against the USD$ to 1.0186

Highlights from the European Bond Market

  • German 10-Year Bunds are flat with yields unchnaged at 0.331%
  • French 10-Year Government Bonds are lower with yields up 0.4 basis points to 0.676%
  • UK 10-Year GILTs are higher with yields down -0.6 basis points to 1.261%
  • Italian 10-Year Government Bonds are lower with yields up 3.6 basis points to 3.024%
  • Spanish 10-Year Government Bonds are higher with yields down -0.9 basis points to 1.359%

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D% CHG Volume
Bayer AG Health Care 83.8 2.07%         1,858,962.00
Vivendi SA Consumer Discretionary 22.4 1.96%            895,762.00
Deutsche Telekom AG Telecommunication Services 14.2 1.54%         3,719,106.00
Deutsche Bank AG Financials 10.1 1.50%         4,796,360.00
Nokia OYJ Information Technology 4.7 1.45%         3,267,643.00
Underperformers Sector Price 1D% CHG Volume
Volkswagen AG Consumer Discretionary 138 -2.00%            826,049.00
Daimler AG Consumer Discretionary 54.9 -1.79%         2,306,493.00
Intesa Sanpaolo SpA Financials 2.22 -0.94%      33,447,568.00
Banco Santander SA Financials 4.36 -0.84%      12,294,320.00
Bayerische Motoren Werke AG Consumer Discretionary 82.2 -0.82%            985,549.00