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European stocks are flat in midday trading, losing earlier gains, as market tensions ease

Sep 06, 2018

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

European Markets

  • European stocks are little changed, off early morning lows in sympathy with US index futures as European investors taking a break from worrying about contagion spreading across emerging markets 
  • The Euro Stoxx 600 is currently down -0.01%, the FTSE 100 has declined -0.14%, the DAX has advanced +0.06%, and the CAC 40 has risen +0.2%
  • Spanish stocks are a notable outlier this AM given the exposure of Spanish mega-caps to Latin America.  The IBEX is now at its lowest level since February 2017. 
  • Investor sentiment for European stocks is neutral with the advance/decline ratio for the Euro Stoxx 600 currently at 1.11x
  • Construction & Materials (+0.82%), Utilities (+0.63%), and Industrial Goods & Services (+0.49%) stocks are the top performers in the Euro Stoxx 600 today
  • Travel & Leisure (-0.72%), Basic Resources (-0.67%), and Health Care (-0.35%) stocks are the worst performers in the Euro Stoxx 600 today
  • 16 stocks in the Euro Stoxx 600 are at 4-week highs while 195 stocks are at 4-week lows
  • 7 stocks in the Euro Stoxx 600 are overbought while 55 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 16.62 after closing at 17.29 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1621
  • GBP£ is currently up +0.225% against the USD$ to 1.2934
  • CHF is currently up +0.243% against the USD$ to 1.0315

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.3 basis points to 0.377%
  • German 10-Year Bunds are higher with yields down -0.3 basis points to 0.377%
  • French 10-Year Government Bonds are higher with yields down -0.4 basis points to 0.714%
  • UK 10-Year GILTs are lower with yields up 0.5 basis points to 1.447%
  • Italian 10-Year Government Bonds are lower with yields up 11.3 basis points to 3.048%
  • Spanish 10-Year Government Bonds are lower with yields up 0.5 basis points to 1.454%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Safran SA Industrials 116 6.10%            845,401.00
Airbus SE Industrials 105 1.73%            459,832.00
Vinci SA Industrials 80.8 1.69%            691,496.00
CRH PLC Materials 28.5 1.59%            486,222.00
Nokia OYJ Information Technology 4.7 1.58%         4,936,765.00
 
Underformers Sector Price 1D % Chg Volume
Bayer AG Health Care 76.3 -2.70%         1,546,745.00
Banco Bilbao Vizcaya Argentaria SA Financials 5.25 -2.24%         9,226,648.00
ASML Holding NV Information Technology 165 -1.43%            772,476.00
Telefonica SA Telecommunication Services 6.73 -1.09%         6,838,558.00
Banco Santander SA Financials 4.23 -0.95%      10,889,992.00