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European stocks trading higher as "trade relief rally" continues, heading for the best week in 6 months, shrugging off "witching Friday", with FTSE and Euro Stoxx 600 futures rolling over today

Sep 21, 2018

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

European Markets

  • European stocks are trading higher across and are on course for the best week in 6 months as the market shrugged off  "witching Friday"
  • The Euro Stoxx 600 is currently up +0.5%, the FTSE 100 is higher by +1.04%, the DAX has advanced +0.74%, and the CAC 40 has risen +0.78%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.68x
  • Basic Resources (+1.63%), Insurance (+1.1%), and Automobiles & Parts (+1.05%) stocks are the top performers in the Euro Stoxx 600 today
  • Real Estate (-0.15%), Media (-0.02%), and Health Care (+0.17%) stocks are the worst performers in the Euro Stoxx 600 today
  • 114 stocks in the Euro Stoxx 600 are at 4-week highs while 68 stocks are at 4-week lows
  • 31 stocks in the Euro Stoxx 600 are overbought while 27 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 12.67 after closing at 13.18 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1764
  • GBP£ is currently down -0.565% against the USD$ to 1.319
  • CHF is currently up +0.24% against the USD$ to 1.0453

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.8 basis points to 0.463%
  • German 10-Year Bunds are higher with yields down -0.8 basis points to 0.463%
  • French 10-Year Government Bonds are higher with yields down -0.7 basis points to 0.781%
  • UK 10-Year GILTs are higher with yields down -0.5 basis points to 1.58%
  • Italian 10-Year Government Bonds are higher with yields down -3.5 basis points to 2.847%
  • Spanish 10-Year Government Bonds are higher with yields down -1 basis points to 1.501%

Euro Stoxx 50 Movers

Outperformers Sector Price 1D% CHG Volume
Volkswagen AG Consumer Discretionary 155 2.06%         1,272,487.00
Enel SpA Utilities 4.64 2.00%      33,108,493.00
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 302 1.94%            507,700.00
Daimler AG Consumer Discretionary 58.1 1.70%         3,975,956.00
E.ON SE Utilities 8.79 1.64%      11,942,614.00
Underperformers Sector Price 1D% CHG Volume
Engie SA Utilities 12.2 -1.65%         7,551,552.00
ASML Holding NV Information Technology 161 -0.43%            941,916.00
Unibail-Rodamco-Westfield Real Estate 176 -0.27%            220,195.00
Koninklijke Philips NV Health Care 39.2 -0.09%         1,732,189.00
Siemens AG Industrials 110 -0.04%         2,400,931.00

 

In local currency.
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