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A higher close for European stocks on news of potential tariff cuts from China fueled better mood on trade

Sep 20, 2018

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

European Markets

  • News of potential tariff cuts from China propelled European markets to close higher
  • The Euro Stoxx 600 closed up +0.7%, the FTSE 100 advanced +0.49%, the DAX rose +0.88%, and the CAC 40 finished up +1.07%
  • Investor sentiment for European stocks finished trading positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.06x
  • Automobiles & Parts (+1.71%), Banks (+1.42%), and Basic Resources (+1.4%) stocks were the top performers in the Euro Stoxx 600 today
  • Travel & Leisure (-0.08%), Health Care (-0.05%), and Technology (+0.12%) stocks were the worst performers in the Euro Stoxx 600 today
  • 91 stocks in the Euro Stoxx 600 hit 4-week highs while 71 stocks closed at 4-week lows
  • 23 stocks in the Euro Stoxx 600 finished the trading session overbought while 39 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed little changed -0.35 points today to 13.18 after closing at 13.53 yesterday

Stocks Trending in the News

Click name for Q-Factor score and financial data

  • Burberry (BRBY LN) closed 4.9% lower at 20.08 pounds after an analyst meeting with management made clear its earnings reacceleration will take longer than originally thought.  The most recent collection released has not garnered the attention hoped for, reinforcing this view.  Burberry is rated ‘Attractive’ in our United Kingdom Global Top Picks
  • Kier Group (KIE LN) was upgraded to buy from hold at Cenkos Securities with a price target set at 12.57 pounds.  Kier closed down 0.10% in today’s trading.  Keir is rated ‘Unattractive’ in our United Kingdom Global Top Picks
  • The buyer of Sky (SKY LN) will be decided in an auction this Saturday with Fox (FOXA) and Comcast (CMCSA) bidding in up to 3 rounds of auctions.  Britian’s Takeover Panel announced the rules and will hold the auction as Sky investors will have 2 weeks to decide to accept or not.  Sky closed flat at 15.8 pounds.  Comcast is trading up 0.71% at $37.58.  Fox is trading up 0.10% at $44.30.  Sky is rated ‘Unattractive’ in our United Kingdom Global Top Picks.  Fox is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Top Buy’ in our US Consumer Discretionary Global Top Picks.  Comcast is not rated in our Global Top Picks

What is Going on with European Currencies?

  • EUR€ is currently up +0.651% against the USD$ to 1.1749
  • GBP£ is currently up +0.692% against the USD$ to 1.3235
  • CHF is currently up +0.571% against the USD$ to 1.0398

Highlights from the European Bond Market

  • The Euro Stoxx 600 closed up +0.7%, the FTSE 100 advanced +0.49%, the DAX rose +0.88%, and the CAC 40 finished up +1.07%
  • Investor sentiment for European stocks finished trading positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.06x
  • Automobiles & Parts (+1.71%), Banks (+1.42%), and Basic Resources (+1.4%) stocks were the top performers in the Euro Stoxx 600 today
  • Travel & Leisure (-0.08%), Health Care (-0.05%), and Technology (+0.12%) stocks were the worst performers in the Euro Stoxx 600 today
  • 91 stocks in the Euro Stoxx 600 hit 4-week highs while 71 stocks closed at 4-week lows
  • 23 stocks in the Euro Stoxx 600 finished the trading session overbought while 39 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed little changed -0.35 points today to 13.18 after closing at 13.53 yesterday

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Cie de Saint-Gobain Industrials 38.3 3.06%         3,817,286.00
Danone SA Consumer Staples 66 2.60%         2,196,080.00
ING Groep NV Financials 11.5 2.58%      30,923,414.00
BNP Paribas SA Financials 54.3 2.55%         8,393,632.00
Bayer AG Health Care 75.8 2.42%         5,082,173.00
 
Underformers Sector Price 1D % Chg Volume
Koninklijke Ahold Delhaize NV Consumer Staples 18.9 -1.76%         8,600,313.00
Sanofi Health Care 74.7 -0.60%         2,747,102.00
Intesa Sanpaolo SpA Financials 2.42 -0.49%    151,498,643.00
SAP SE Information Technology 102 -0.49%         2,872,169.00
Fresenius SE & Co KGaA Health Care 62 -0.45%         1,527,717.00