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European stocks traded strongly higher early, faded to losses then rose to close mixed as the US and China intensified the trade war

Sep 18, 2018

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

European Markets

  • European stocks had a see-saw day of trading with early strength, mid-session losses and a bounce back late session to close mixed
  • The Euro Stoxx 600 closed up +0.11%, the FTSE 100 declined -0.03%, the DAX rose +0.51%, and the CAC 40 finished up +0.28%
  • Investor sentiment for European stocks finished trading positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.33x
  • Automobiles & Parts (+1.01%), Technology (+0.96%), and Telecommunications (+0.88%) stocks were the top performers in the Euro Stoxx 600 today
  • Retail (-0.6%), Media (-0.46%), and Personal & Household Goods (-0.28%) stocks were the worst performers in the Euro Stoxx 600 today
  • 46 stocks in the Euro Stoxx 600 hit 4-week highs while 79 stocks closed at 4-week lows
  • 15 stocks in the Euro Stoxx 600 finished the trading session overbought while 33 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed little changed -0.21 points today to 14.36 after closing at 14.57 yesterday

Stocks Trending in the News

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  • BMW (BMW GR) will close its British plant for maintenance during April, instead of over the summer, to coincide with Brexit.  The company is making the change due to worries about Brexit, among other things.  BMW closed up 0.50% at 82.61 euros.  BMW is rated ‘Unattractive’ in our European Large-Cap Global Top Picks
  • Danske (DANSKE DC) will release its own report tomorrow on the money laundering activities at the bank.  The report, however, will not satisfy the government of Denmark and analysts are wondering what the future holds.  Danske is also the subject of a criminal investigation which is ongoing.  Danske closed up 3.5% at 174.85 kronos.  Danske is rated ‘Top Short’ in our European Large-Cap Global Top Picks
  • Osram (OSR GR) sees 2018/19 revenue growth 5-10% with an adjusted ebitda margin of 22-26%.  Osram said its growth is being driven by novel photonics solutions including the further miniaturization of LEDs.  Osram closed 6.2% higher at 38.18 euros.  Osram is rated ‘Top Short’ in our European Large-Cap Global Top Picks

What is Going on with European Currencies?

  • EUR€ is currently down -0.197% against the USD$ to 1.166
  • GBP£ is currently little changed against the USD$ at 1.3139
  • CHF is currently down -0.154% against the USD$ to 1.0372

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 2.2 basis points to 0.48%
  • German 10-Year Bunds are lower with yields up 2.2 basis points to 0.48%
  • French 10-Year Government Bonds are lower with yields up 1.7 basis points to 0.789%
  • UK 10-Year GILTs are lower with yields up 3.2 basis points to 1.568%
  • Italian 10-Year Government Bonds are higher with yields down -5.6 basis points to 2.79%
  • Spanish 10-Year Government Bonds are lower with yields up 1.7 basis points to 1.505%

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Volkswagen AG Consumer Discretionary 148 2.60%         2,383,648.00
Nokia OYJ Information Technology 4.83 2.05%      18,919,428.00
ASML Holding NV Information Technology 160 1.70%         1,620,462.00
Vinci SA Industrials 81.8 1.51%         1,108,432.00
Vivendi SA Consumer Discretionary 21.8 1.35%         3,923,799.00
 
Underformers Sector Price 1D % Chg Volume
Koninklijke Ahold Delhaize NV Consumer Staples 19.5 -1.51%         6,339,305.00
Airbus SE Industrials 105 -1.28%         1,107,930.00
Schneider Electric SE Industrials 68.7 -0.64%         2,010,864.00
Fresenius SE & Co KGaA Health Care 62.5 -0.41%         1,313,473.00
L'Oreal SA Consumer Staples 201 -0.35%            458,538.00