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European stocks trading lower after President Trump says, "EU almost as bad as China", casting doubt on current US/EU trade negotiations

Aug 31, 2018

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

European Markets

  • European markets are trading down, reacting to the negative comments by President Trump on US/EU trade relations. Trump fired up the tariff tensions by commenting that, "The EU is almost as bad as China."
  • The Euro Stoxx 600 is currently down -0.63%, the FTSE 100 has declined -0.47%, the DAX has fallen -0.85%, and the CAC 40 is lower by -1.14%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.35x
  • Travel & Leisure (+0.42%), Media (-0.22%), and Insurance (-0.28%) stocks are the top performers in the Euro Stoxx 600 today
  • Personal & Household Goods (-1.23%), Automobiles & Parts (-1.19%), and Industrial Goods & Services (-0.88%) stocks are the worst performers in the Euro Stoxx 600 today
  • 72 stocks in the Euro Stoxx 600 are at 4-week highs while 72 stocks are at 4-week lows
  • 39 stocks in the Euro Stoxx 600 are overbought while 22 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is moving up this morning and is currently at 15.35 after closing at 14.15 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1669
  • GBP£ is currently little changed against the USD$ at 1.3007
  • CHF is currently up +0.32% against the USD$ to 1.0349

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.1 basis points to 0.345%
  • German 10-Year Bunds are higher with yields down -0.1 basis points to 0.345%
  • French 10-Year Government Bonds are flat with yields little changed 0 basis points to 0.693%
  • UK 10-Year GILTs are higher with yields down -0.5 basis points to 1.45%
  • Italian 10-Year Government Bonds are higher with yields down -3.6 basis points to 3.179%
  • Spanish 10-Year Government Bonds are higher with yields down -1.3 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
Cie de Saint-Gobain Industrials 37.2 2.26%         1,167,305.00
Banco Bilbao Vizcaya Argentaria SA Financials 5.4 0.28%         7,104,461.00
Banco Santander SA Financials 4.29 0.19%      10,356,760.00
Deutsche Telekom AG Telecommunication Services 14 0.11%         3,443,314.00
Nokia OYJ Information Technology 4.83 -0.12%         3,952,749.00
 
Underformers Sector Price 1D % Chg Volume
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 303 -2.55%            159,315.00
Anheuser-Busch InBev SA/NV Consumer Staples 80.3 -2.42%         1,214,813.00
Engie SA Utilities 12.7 -2.39%         2,925,857.00
Airbus SE Industrials 107 -2.07%            275,490.00
L'Oreal SA Consumer Staples 206 -1.95%            102,333.00