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European stocks closed mixed in the wake of the European Central Bank and Bank of England holding rates steady as expected

Sep 13, 2018

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

European Markets

  • European stocks closed mixed in the wake of the ECB and the Bank of England holding rates steady
  • The Euro Stoxx 600 closed down -0.15%, the FTSE 100 declined -0.43%, the DAX rose +0.19%, and the CAC 40 finished down -0.08%
  • Investor sentiment for European stocks finished trading negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.66x
  • Automobiles & Parts (+1.04%), Banks (+0.73%), and Technology (+0.66%) stocks were the top performers in the Euro Stoxx 600 today
  • Retail (-1.27%), Media (-1.14%), and Personal & Household Goods (-0.84%) stocks were the worst performers in the Euro Stoxx 600 today
  • 47 stocks in the Euro Stoxx 600 hit 4-week highs while 69 stocks closed at 4-week lows
  • 20 stocks in the Euro Stoxx 600 finished the trading session overbought while 54 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed little changed -0.73 points today to 14.59 after closing at 15.32 yesterday

Stocks Trending in the News

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  • Ineos announced it will acquire a generation plant from Germany’s RWE (RWE GR) at its ethylene plant at the port in Antwerp.  Financials details were not released, though the CEO of Ineos said it will spend 150mm euros at the site to upgrade production.  RWE is rated ‘Neutral’ in our European Large-Cap Global Top Picks
  • Natixis (KN FP) shares closed up 3.1% at 5.95 euros after its CEO said it may pay a special dividend of as much as 1.5bn euros in the wake of the sale of its leasing unit to its parent.  The payment will depend on whether the bank finds an acquisition before the sale closes.  Natixis is rated ‘Neutral’ in our European Large-Cap Global Top Picks
  • Ryanair (RYA ID) is facing strike from its unions in 5 countries on September 28th.  This is in addition to the work stoppage in Germany this week.  Ryanair has stated these actions will have no affect on its operations.  Ryanair closed down 1.1% at 13.05 euros.  Ryanair is rated ‘Top Short’ in our European Large-Cap Global Top Picks

What is Going on with European Currencies?

  • EUR€ is currently up +0.473% against the USD$ to 1.1681
  • GBP£ is currently up +0.483% against the USD$ to 1.3108
  • CHF is currently up +0.33% against the USD$ to 1.0335

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.2 basis points to 0.423%
  • German 10-Year Bunds are lower with yields up 1.2 basis points to 0.423%
  • French 10-Year Government Bonds are lower with yields up 1.5 basis points to 0.734%
  • UK 10-Year GILTs are lower with yields up 2 basis points to 1.504%
  • Italian 10-Year Government Bonds are flat with yields little changed 0 basis points to 2.951%
  • Spanish 10-Year Government Bonds are lower with yields up 0.6 basis points to 1.469%

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Banco Bilbao Vizcaya Argentaria SA Financials 5.44 4.28%      41,566,430.00
ASML Holding NV Information Technology 156 3.00%         2,521,846.00
Nokia OYJ Information Technology 4.69 2.44%      19,290,949.00
Deutsche Bank AG Financials 9.72 1.98%      15,639,705.00
Volkswagen AG Consumer Discretionary 141 1.72%         1,573,485.00
 
Underformers Sector Price 1D % Chg Volume
Koninklijke Ahold Delhaize NV Consumer Staples 20.4 -3.02%         7,745,685.00
Schneider Electric SE Industrials 67.7 -1.02%         2,123,085.00
Unilever NV Consumer Staples 48.4 -1.01%         3,211,157.00
Airbus SE Industrials 106 -0.99%         1,415,024.00
Enel SpA Utilities 4.53 -0.70%      25,307,447.00