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Miners and chemical sectors lead European stocks lower as trade tensions simmer

Sep 04, 2018

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

European Markets

  • European stocks are negative, reversing earlier gains this AM, over worries about escalating trade tensions between the US and some of its key trading partners 
  • Export-sensitive stocks are leading the negative move across European markets
  • The Deutsche Boerse announced that Deutsche Bank (DB) and E.ON, the large German energy provider, have been removed from the Euro Stoxx 50 
  • The Euro Stoxx 600 is currently down -0.64%, the FTSE 100 has declined -0.28%, the DAX has fallen -0.98%, and the CAC 40 is lower by -1.21%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.29x
  • Utilities (+0.2%), Banks (-0.03%), and Travel & Leisure (-0.5%) stocks are the top performers in the Euro Stoxx 600 today
  • Basic Resources (-1.33%), Automobiles & Parts (-1.35%), and Telecommunications (-1.13%) stocks are the worst performers in the Euro Stoxx 600 today
  • 47 stocks in the Euro Stoxx 600 are at 4-week highs while 78 stocks are at 4-week lows
  • 28 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 16.54 after closing at 15.49 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.499% against the USD$ to 1.1561
  • GBP£ is currently down -0.365% against the USD$ to 1.2823
  • CHF is currently down -0.465% against the USD$ to 1.027

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.1 basis points to 0.344%
  • German 10-Year Bunds are lower with yields up 1.1 basis points to 0.344%
  • French 10-Year Government Bonds are lower with yields up 0.1 basis points to 0.694%
  • UK 10-Year GILTs are lower with yields up 0.5 basis points to 1.409%
  • Italian 10-Year Government Bonds are higher with yields down -8 basis points to 3.081%
  • Spanish 10-Year Government Bonds are higher with yields down -1.9 basis points to 1.431%

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Enel SpA
Utilities
4.32
1.5555
11369076
Intesa Sanpaolo SpA
Financials
2.194
0.69093
51930077
Deutsche Bank AG
Financials
9.831
0.5626
4868609
Eni SpA
Energy
16.2
0.34817
2508478
Anheuser-Busch InBev SA/NV
Consumer Staples
80.45
0.31195
555419
 
Underformers Sector Price 1D % Chg Volume
ING Groep NV Financials 11.4 -2.40%      12,025,618.00
Airbus SE Industrials 105 -2.03%            288,358.00
ASML Holding NV Information Technology 173 -1.92%            545,999.00
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 295 -1.82%            213,580.00
adidas AG Consumer Discretionary 212 -1.71%            196,626.00