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European Stocks Finish Mixed, Failing To Hold Earlier Gains

Aug 28, 2018

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

European Markets

  • European stocks finsihed mixed today, as optimism regarding the US-Mexico trade deal begins to wane, and investor focus shifts to Italian budget talks next month as well as the large scale military maneuvers conducted by Russia.
  • The Euro Stoxx 600 closed down -0.03%, the FTSE 100 advanced +0.52%, the DAX fell -0.09%, and the CAC 40 finished up +0.11%
  • Investor sentiment for European stocks finished trading positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.5x
  • Basic Resources (+1.64%), Automobiles & Parts (+0.84%), and Financial Services (+0.43%) stocks were the top performers in the Euro Stoxx 600 today
  • Telecommunications (-0.69%), Oil & Gas (-0.59%), and Banks (-0.56%) stocks were the worst performers in the Euro Stoxx 600 today
  • 87 stocks in the Euro Stoxx 600 hit 4-week highs while 12 stocks closed at 4-week lows
  • 37 stocks in the Euro Stoxx 600 finished the trading session overbought while 8 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed little changed +0.07 points today to 13.19 after closing at 13.11 yesterday

Stocks Trending in the News

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  • EON SE (DB:EOAN) fell 1.94% in today’s trading, following a downgrade by Jeffries which lowered its rating for EON to hold from a buy rating. EON is rated as ‘Neutral’ in our European Large-Cap Global Top Picks.
  • Faurecia SA (EXNTPA:EO) has been upgraded to buy from a hold recommendation at Kepler. Despite the upgrade, Kepler lowered its price target for Faurecia from €70 to €65. Shares of Faurecia traded 4.17% higher today to €54.90. Faurecia SA is rated as ‘Neutral’ in our European Large-Cap Global Top Picks.
  • Renault SA (ENXTPA:RNA) traded 1.96% higher today to €74.52 after the company was upgraded to neutral from an underperform rating at Credit Suisse. Credit Suisse raised its price target for Renault from €81 to €95. Renault is rated as ‘Unattractive’ in our European Large-Cap Global Top Picks.

What is Going on with European Currencies?

  • EUR€ is currently up +0.351% against the USD$ to 1.1719
  • GBP£ is currently little changed against the USD$ at 1.2887
  • CHF is currently up +0.49% against the USD$ to 1.0258

Highlights from the European Bond Market

  • German 10-Year Bunds are lower with yields up 0.4 basis points to 0.38%
  • French 10-Year Government Bonds are lower with yields up 0.6 basis points to 0.719%
  • UK 10-Year GILTs are lower with yields up 17.4 basis points to 1.452%
  • Italian 10-Year Government Bonds are lower with yields up 3.1 basis points to 3.187%
  • Spanish 10-Year Government Bonds are lower with yields up 4.5 basis points to 1.455%

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 308 1.87%            508,218.00
Bayerische Motoren Werke AG Consumer Discretionary 84.4 1.44%         1,976,748.00
Volkswagen AG Consumer Discretionary 143 1.36%         1,184,815.00
Koninklijke Philips NV Health Care 38.6 1.05%         2,437,644.00
Unibail-Rodamco-Westfield Real Estate 188 0.91%            284,470.00
 
Underformers Sector Price 1D % Chg Volume
Industria de Diseno Textil SA Consumer Discretionary 28.3 -1.80%         5,218,634.00
CRH PLC Materials 28.7 -1.61%         1,130,662.00
E.ON SE Utilities 9.35 -1.60%      17,331,124.00
Deutsche Bank AG Financials 9.86 -1.53%      10,268,712.00
Banco Bilbao Vizcaya Argentaria SA Financials 5.52 -1.45%         5,755,445.00