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European stocks are higher with retail and energy leading the gains, EU and UK plan summit to sign Brexit deal and ECB signals dovish stance on rates

Sep 12, 2018

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

European Markets

  • European stcoks are rising in midday trading as EU and UK will have summit to sign Brexit deal and ECB signals dovish stance on rates
  • The Euro Stoxx 600 is currently up +0.38%, the FTSE 100 is higher by +0.25%, the DAX has advanced +0.29%, and the CAC 40 has risen +0.66%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.13x
  • Retail (+1.55%), Oil & Gas (+1.38%), and Basic Resources (+1.18%) stocks are the top performers in the Euro Stoxx 600 today
  • Utilities (-1.27%), Telecommunications (-0.43%), and Banks (-0.27%) stocks are the worst performers in the Euro Stoxx 600 today
  • 37 stocks in the Euro Stoxx 600 are at 4-week highs while 122 stocks are at 4-week lows
  • 12 stocks in the Euro Stoxx 600 are overbought while 67 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 15.35 after closing at 15.79 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.267% against the USD$ to 1.1575
  • GBP£ is currently down -0.345% against the USD$ to 1.2988
  • CHF is currently down -0.175% against the USD$ to 1.0267

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -2.6 basis points to 0.404%
  • German 10-Year Bunds are higher with yields down -2.6 basis points to 0.404%
  • French 10-Year Government Bonds are higher with yields down -2.4 basis points to 0.714%
  • UK 10-Year GILTs are higher with yields down -2.1 basis points to 1.479%
  • Italian 10-Year Government Bonds are lower with yields up 1.4 basis points to 2.957%
  • Spanish 10-Year Government Bonds are higher with yields down -0.3 basis points to 1.464%

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Industria de Diseno Textil SA Consumer Discretionary 26.46 3.37%           2,200,946.00
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 289.75 1.78%              273,753.00
Schneider Electric SE Industrials 68.18 1.52%              773,515.00
Koninklijke Philips NV Health Care 38.81 1.41%              546,677.00
Eni SpA Energy 16.16 1.40%           4,092,214.00
 
Underformers Sector Price 1D % Chg Volume
E.ON SE Utilities 8.798 -3.57%        15,414,898.00
Telefonica SA Telecommunication Services 6.663 -1.88%        10,904,715.00
Intesa Sanpaolo SpA Financials 2.305 -1.65%        73,884,146.00
ASML Holding NV Information Technology 155.5 -1.47%              598,475.00
Nokia OYJ Information Technology 4.569 -1.34%           5,275,587.00