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European stocks trade lower as geopolitical and trade tensions weigh on markets

Aug 30, 2018

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

European Markets

  • European stocks have opened negative this AM in sympathy wiTH the sell-off in Asian markets, Brexit concerns and continued decline in the Lira as European analysts state that Turkey faces high risk of recession
  • EU Brexit Chief Negotiator Michel Barnier is still warning that there is still the possibility of a no-Brexit deal after his comments earlier in the week were interpreted to mean that a Brexit deal was imminent
  • Politico.com has reported that the EU is willing to scrap car tariffs in a potential US-EU trade deal 
  • The Euro Stoxx 600 is currently down -0.29%, the FTSE 100 has declined -0.62%, the DAX has fallen -0.34%, and the CAC 40 is lower by -0.21%
  • Bloomberg is reporting that German households may begin shifting portfolios allocations away from stocks with weaker stock markets returns this year and expectations that the European Central Bank (ECB) will begin to raise rates in CY2019
  • The FTSE 100 is now at a 2-week low with only 10 stocks positive 
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.49x
  • Construction & Materials (+0.63%), Financial Services (+0.14%), and Personal & Household Goods (-0.2%) stocks are the top performers in the Euro Stoxx 600 today
  • Real Estate (-1.63%), Telecommunications (-1.62%), and Basic Resources (-0.36%) stocks are the worst performers in the Euro Stoxx 600 today
  • 118 stocks in the Euro Stoxx 600 are at 4-week highs while 47 stocks are at 4-week lows
  • 50 stocks in the Euro Stoxx 600 are overbought while 14 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 13.82 after closing at 12.99 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.162% against the USD$ to 1.1688
  • GBP£ is currently little changed against the USD$ at 1.301
  • CHF is currently little changed against the USD$ at 1.0304

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1.3 basis points to 0.391%
  • German 10-Year Bunds are higher with yields down -1.4 basis points to 0.39%
  • French 10-Year Government Bonds are higher with yields down -1.5 basis points to 0.721%
  • UK 10-Year GILTs are higher with yields down -0.2 basis points to 1.487%
  • Italian 10-Year Government Bonds are flat with yields little changed 0 basis points to 3.125%
  • Spanish 10-Year Government Bonds are higher with yields down -0.7 basis points to 1.457%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Vinci SA Industrials 84.5 1.08%            392,041.00
L'Oreal SA Consumer Staples 210 0.33%            159,394.00
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 311 0.31%            132,745.00
Air Liquide SA Materials 110 0.09%            202,472.00
Unilever NV Consumer Staples 50 0.08%            748,934.00
 
Underformers Sector Price 1D % Chg Volume
Unibail-Rodamco-Westfield Real Estate 180 -5.36%            319,465.00
Fresenius SE & Co KGaA Health Care 66.3 -1.92%            632,925.00
Deutsche Telekom AG Telecommunication Services 13.9 -1.74%         7,340,245.00
Banco Bilbao Vizcaya Argentaria SA Financials 5.45 -1.54%         5,901,465.00
Telefonica SA Telecommunication Services 7.15 -1.53%         5,849,267.00