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European Stocks Positive As US-Mexico Agreement on NAFTA Lowers Trade Tensions, Shrugging Off Further Lira Declines

Aug 28, 2018

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

European Markets

  • European stocks are making new 2-week highs this AM with export sensitive stocks pushing European indices higher following yesterday's news that the US and Mexico have agreed to NAFTA update. European markets are shrugging off further Lira declines
  • Euro Stoxx 600 is currently up 0.13%, FTSE 100 0.4%, DAX 0.23%, and the CAC 40 0.23%
  • Basic Resources (+1.74%), Automobiles & Parts (+1.21%), and Personal & Household Goods (+0.61%) stocks are the top performers in the Euro Stoxx 600 today
  • Telecommunications (-0.74%), Banks (-0.46%), and Oil & Gas (-0.2%) stocks are the worst performers in the Euro Stoxx 600 today
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.88x
  • 87 stocks in the Euro Stoxx 600 are at 4-week highs while 12 stocks are at 4-week lows
  • 37 stocks in the Euro Stoxx 600 are overbought while 8 stocks are oversold according to the 16-day RSI Measure

What is Going on with European Currencies?

  • EUR€ is currently up +0.231% against the USD$ to 1.1705
  • GBP£ is currently little changed against the USD$ at 1.2907
  • CHF is currently up +0.313% against the USD$ to 1.024

Highlights from the European Bond Market

  • German 10-Year Bunds are higher with yields down -0.8 basis points to 0.368%
  • French 10-Year Government Bonds are higher with yields down -1 basis points to 0.703%
  • UK 10-Year GILTs are lower with yields up 16 basis points to 1.438%
  • Italian 10-Year Government Bonds are higher with yields down -2.9 basis points to 3.127%
  • Spanish 10-Year Government Bonds are higher with yields down -0.3 basis points to 1.407%

Euro Stoxx 50 Movers

In local currency. 

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Outperformers Sector Price 1D% CHG Volume
Bayerische Motoren Werke AG Consumer Discretionary 85 2.03%         1,051,894.00
Volkswagen AG Consumer Discretionary 144 1.88%            573,791.00
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 308 1.55%            140,259.00
Daimler AG Consumer Discretionary 56.8 1.21%         1,213,026.00
Koninklijke Philips NV Health Care 38.7 1.03%            752,416.00
Underperformers Sector Price 1D% CHG Volume
E.ON SE Utilities 9.34 -1.62%         6,872,284.00
Intesa Sanpaolo SpA Financials 2.19 -1.41%      44,135,368.00
CRH PLC Materials 28.7 -1.41%            345,198.00
Enel SpA Utilities 4.36 -1.21%      14,482,775.00
Banco Bilbao Vizcaya Argentaria SA Financials 5.52 -1.01%         5,748,423.00