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European stocks shrug off Asian losses and rise after Italy's Finance Minister indicated budget will come within EU fiscal rules

Sep 10, 2018

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

European Markets

  • European stocks shrugged off Asian losses and are posting gains on news Italy's budget will be withiin EU fiscal rules, according to the Italian Finance Minister
  • The Euro Stoxx 600 is currently up +0.33%, the FTSE 100 is higher by +0.14%, the DAX has advanced +0.19%, and the CAC 40 has risen +0.23%
  • Utilities (+1.11%), Banks (+1.03%), and Telecommunications (+0.64%) stocks are the top performers in the Euro Stoxx 600 today
  • Chemicals (-0.15%), Real Estate (-0.02%), and Personal & Household Goods (-0.02%) stocks are the worst performers in the Euro Stoxx 600 today
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.21x
  • 13 stocks in the Euro Stoxx 600 are at 4-week highs while 228 stocks are at 4-week lows
  • 8 stocks in the Euro Stoxx 600 are overbought while 89 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is moving little changed this morning and is currently at 16.15 after closing at 16.45 last week

What is Going on with European Currencies?

  • EUR€ is currently up +0.251% against the USD$ to 1.1578
  • GBP£ is currently little changed against the USD$ at 1.2934
  • CHF is currently down -0.388% against the USD$ to 1.027

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 2 basis points to 0.407%
  • German 10-Year Bunds are lower with yields up 2 basis points to 0.407%
  • French 10-Year Government Bonds are lower with yields up 0.3 basis points to 0.722%
  • UK 10-Year GILTs are lower with yields up 1.4 basis points to 1.473%
  • Italian 10-Year Government Bonds are higher with yields down -11.4 basis points to 2.921%
  • Spanish 10-Year Government Bonds are higher with yields down -0.3 basis points to 1.458%

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Intesa Sanpaolo SpA Financials 2.38 5.15%      57,396,826.00
Enel SpA Utilities 4.5 2.14%      13,524,376.00
Schneider Electric SE Industrials 66 2.08%            708,543.00
Banco Santander SA Financials 4.26 1.71%      10,026,334.00
Banco Bilbao Vizcaya Argentaria SA Financials 5.25 1.18%         5,488,186.00
 
Underformers Sector Price 1D % Chg Volume
Safran SA Industrials 116 -1.02%            216,132.00
BASF SE Materials 76.6 -0.48%            608,788.00
Unibail-Rodamco-Westfield Real Estate 172 -0.48%               75,098.00
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 284 -0.48%            141,494.00
Bayer AG Health Care 73.4 -0.37%         1,612,135.00