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European stocks are trading lower across the board on trade concerns as press reports China will ask WTO for permission to retaliate against US

Sep 11, 2018

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

European Markets

  • European stocks are declining to start the morning, following an article from Reuters that alleges that China is prepared to ask the WTO for permission to impose trade sanction on the United States
  • The Euro Stoxx 600 is currently down 0.29%, the FTSE 100 has declined 0.56%, the DAX has fallen 0.46%, and the CAC 40 is lower by 0.23%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.44x
  • Oil & Gas (+0.2%), Health Care (+0.11%), and Financial Services (-0.04%) stocks are the top performers in the Euro Stoxx 600 today
  • Basic Resources (-0.98%), Insurance (-0.89%), and Automobiles & Parts (-0.84%) stocks are the worst performers in the Euro Stoxx 600 today
  • 40 stocks in the Euro Stoxx 600 are at 4-week highs while 86 stocks are at 4-week lows
  • 8 stocks in the Euro Stoxx 600 are overbought while 58 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 15.98 after closing at 15.89 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1582
  • GBP£ is currently little changed against the USD$ at 1.3015
  • CHF is currently little changed against the USD$ at 1.0272

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 2.2 basis points to 0.423%
  • German 10-Year Bunds are lower with yields up 2.2 basis points to 0.423%
  • French 10-Year Government Bonds are lower with yields up 1.5 basis points to 0.726%
  • UK 10-Year GILTs are lower with yields up 2.9 basis points to 1.498%
  • Italian 10-Year Government Bonds are higher with yields down -0.4 basis points to 2.906%
  • Spanish 10-Year Government Bonds are higher with yields down -0.6 basis points to 1.447%

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
E.ON SE Utilities 9.15 1.26%         4,945,637.00
Schneider Electric SE Industrials 66.3 1.10%            724,878.00
Koninklijke Philips NV Health Care 38.2 0.58%            512,564.00
Enel SpA Utilities 4.59 0.50%      11,905,696.00
L'Oreal SA Consumer Staples 201 0.50%            154,288.00
 
Underformers Sector Price 1D % Chg Volume
Bayer AG Health Care 70.8 -2.24%         2,165,756.00
Munich Re Financials 181 -1.84%            297,136.00
ASML Holding NV Information Technology 158 -1.71%            490,093.00
Anheuser-Busch InBev SA/NV Consumer Staples 76.4 -1.37%            860,178.00
AXA SA Financials 21.7 -1.32%         1,626,458.00