blog

Latest from the Quantamize Blog

European Stocks Pulled Higher As Germany Posts Record Government Surplus and Focus Shifts From Trade Rhetoric to Jackson Hole Fed Symposium

Aug 24, 2018

Start Your Free Trial Today

 

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

European Markets

  • European stocks are broadly in the black today, with basic materials leading the way on rebounding commodity prices and robust economic numbers from Germany
  • Sino-American trade negotiations in Washington this week were a nonstarter, as investor attention now turns to the Jackson Hole Economic Symposium and US Fed Chairman Jerome Powell's remarks 
  • The Euro Stoxx 600 is currently up +0.24%, the FTSE 100 is higher by +0.14%, the DAX has advanced +0.19%, and the CAC 40 has risen +0.43%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.48x
  • Basic Resources (+1.03%), Oil & Gas (+0.63%), and Automobiles & Parts (+0.55%) stocks are the top performers in the Euro Stoxx 600 today
  • Media (-0.22%), Utilities (-0.19%), and Real Estate (-0.16%) stocks are the worst performers in the Euro Stoxx 600 today
  • 81 stocks in the Euro Stoxx 600 are at 4-week highs while 26 stocks are at 4-week lows
  • 30 stocks in the Euro Stoxx 600 are overbought while 17 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 13.21 after closing at 13.64 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.468% against the USD$ to 1.1594
  • GBP£ is currently up +0.312% against the USD$ to 1.2851
  • CHF is currently up +0.246% against the USD$ to 1.0167

Highlights from the European Bond Market

  • German 10-Year Bunds are lower with yields up 0.3 basis points to 0.342%
  • French 10-Year Government Bonds are lower with yields up 0.2 basis points to 0.68%
  • UK 10-Year GILTs are lower with yields up 0.7 basis points to 1.277%
  • Italian 10-Year Government Bonds are lower with yields up 4.2 basis points to 3.13%
  • Spanish 10-Year Government Bonds are lower with yields up 1 basis points to 1.383%

Euro Stoxx 50 Movers

In local currency.
On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D% CHG Volume
Nokia OYJ Information Technology 4.81 1.58%         6,000,981.00
Societe Generale SA Financials 36.4 1.28%         1,811,254.00
BNP Paribas SA Financials 52.6 1.21%         1,487,213.00
adidas AG Consumer Discretionary 214 1.13%            270,908.00
Eni SpA Energy 16.4 0.92%         2,283,503.00
Underperformers Sector Price 1D% CHG Volume
Engie SA Utilities 13.1 -0.46%         1,095,161.00
E.ON SE Utilities 9.48 -0.37%         2,241,779.00
Volkswagen AG Consumer Discretionary 138 -0.25%            376,122.00
Airbus SE Industrials 107 -0.24%            391,430.00
Deutsche Bank AG Financials 9.82 -0.18%         3,243,162.00