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European stocks are trading lower today as US-China trade conflict heats up again, Chinese officials intimate "withholding exports" as possible response

Sep 17, 2018

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

European Markets

  • European stocks are trading lower as investor concerns over the effects of an additional USD$200mn in tariffs on China weigh on the market.  Chinese officials have said they may not participate in proposed talks and intimated that China may "withhold exports" which would wreak havoc on global supply chains
  • The Euro Stoxx 600 is currently down -0.12%, the FTSE 100 has declined -0.24%, the DAX has fallen -0.43%, and the CAC 40 is lower by -0.28%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.63x
  • Retail (+0.77%), Telecommunications (+0.51%), and Utilities (+0.38%) stocks are the top performers in the Euro Stoxx 600 today
  • Technology (-0.74%), Food & Beverage (-0.5%), and Health Care (-0.44%) stocks are the worst performers in the Euro Stoxx 600 today
  • 36 stocks in the Euro Stoxx 600 are at 4-week highs while 62 stocks are at 4-week lows
  • 13 stocks in the Euro Stoxx 600 are overbought while 43 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 14.61 after closing at 13.9 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.318% against the USD$ to 1.1662
  • GBP£ is currently up +0.253% against the USD$ to 1.3101
  • CHF is currently up +0.31% against the USD$ to 1.0369

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.4 basis points to 0.464%
  • German 10-Year Bunds are lower with yields up 1.4 basis points to 0.464%
  • French 10-Year Government Bonds are lower with yields up 1 basis points to 0.777%
  • UK 10-Year GILTs are lower with yields up 0.9 basis points to 1.539%
  • Italian 10-Year Government Bonds are higher with yields down -9.4 basis points to 2.888%
  • Spanish 10-Year Government Bonds are lower with yields up 0.2 basis points to 1.488%

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