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European Stocks taking a breather after a number of recent new highs

Aug 29, 2018

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

European Markets

  • European stocks are taking a breather this morning after making new highs in consectutive trading sessions as investor shift their focus to US-EU trade negotiations following news the US and Mexico agreed to changes to NAFTA
  • The Euro Stoxx 600 is currently down -0.08%, the FTSE 100 is down -0.57%, the DAX is down -0.06%, and the CAC 40 is flat
  • European retailers are declining following news Morgan Stanley cuts its outlook for Inditex (BME: ITX)
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.56x
  • Real Estate (+0.69%), Construction & Materials (+0.51%), and Media (+0.37%) stocks are the top performers in the Euro Stoxx 600 today
  • Retail (-1.22%), Telecommunications (-0.55%), and Basic Resources (-0.47%) stocks are the worst performers in the Euro Stoxx 600 today
  • 155 stocks in the Euro Stoxx 600 are at 4-week highs while 31 stocks are at 4-week lows
  • 37 stocks in the Euro Stoxx 600 are overbought while 9 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 13.27 after closing at 13.16 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.342% against the USD$ to 1.1655
  • GBP£ is currently little changed against the USD$ at 1.2885
  • CHF is currently little changed against the USD$ at 1.0233

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.9 basis points to 0.389%
  • German 10-Year Bunds are lower with yields up 0.9 basis points to 0.389%
  • French 10-Year Government Bonds are lower with yields up 0.4 basis points to 0.723%
  • UK 10-Year GILTs are lower with yields up 0.8 basis points to 1.46%
  • Italian 10-Year Government Bonds are higher with yields down -2.5 basis points to 3.162%
  • Spanish 10-Year Government Bonds are higher with yields down -0.9 basis points to 1.446%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
CRH PLC Materials 29.1 1.60%            435,277.00
Airbus SE Industrials 110 1.19%            348,892.00
Safran SA Industrials 113 0.76%            244,682.00
Sanofi Health Care 74.7 0.54%            331,972.00
Koninklijke Philips NV Health Care 38.8 0.40%            663,941.00
 
Underformers Sector Price 1D % Chg Volume
Industria de Diseno Textil SA Consumer Discretionary 26.6 -5.90%         2,784,417.00
adidas AG Consumer Discretionary 213 -1.16%            216,125.00
Cie de Saint-Gobain Industrials 36.2 -1.00%            607,242.00
Volkswagen AG Consumer Discretionary 142 -0.88%            277,302.00
Bayerische Motoren Werke AG Consumer Discretionary 83.8 -0.72%            394,344.00