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European stocks are starting the week lower as China cancels trade talks with the start of US tariffs today

Sep 24, 2018

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

European Markets

  • European stocks have opened the week lower as China cancelled trade talks with the US in the wake of the start of new US tariffs today
  • The Euro Stoxx 600 is currently down -0.23%, the FTSE 100 has declined -0.13%, the DAX has fallen -0.29%, and the CAC 40 is lower by -0.18%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.49x
  • Media (+1.46%), Oil & Gas (+1.31%), and Retail (+0.49%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (-0.95%), Utilities (-0.85%), and Personal & Household Goods (-0.76%) stocks are the worst performers in the Euro Stoxx 600 today
  • 137 stocks in the Euro Stoxx 600 are at 4-week highs while 35 stocks are at 4-week lows
  • 40 stocks in the Euro Stoxx 600 are overbought while 19 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is moving little changed this morning and is currently at 13.44 after closing at 12.82 last week

What is Going on with European Currencies?

  • EUR€ is currently up +0.162% against the USD$ to 1.1768
  • GBP£ is currently up +0.513% against the USD$ to 1.3139
  • CHF is currently little changed against the USD$ at 1.0427

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.8 basis points to 0.47%
  • German 10-Year Bunds are lower with yields up 0.8 basis points to 0.47%
  • French 10-Year Government Bonds are lower with yields up 1.7 basis points to 0.796%
  • UK 10-Year GILTs are lower with yields up 2.3 basis points to 1.576%
  • Italian 10-Year Government Bonds are lower with yields up 6.3 basis points to 2.893%
  • Spanish 10-Year Government Bonds are lower with yields up 0.2 basis points to 1.497%

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Eni SpA Energy 16.2 2.03%         4,459,000.00
TOTAL SA Energy 55.6 1.33%         1,981,375.00
Vivendi SA Consumer Discretionary 22.3 1.13%         1,040,042.00
Siemens AG Industrials 111 0.91%            677,438.00
Unibail-Rodamco-Westfield Real Estate 173 0.24%            133,892.00
 
Underformers Sector Price 1D % Chg Volume
Banco Santander SA Financials 4.49 -1.74%      13,009,455.00
Intesa Sanpaolo SpA Financials 2.41 -1.74%      29,562,119.00
E.ON SE Utilities 8.84 -1.66%         5,872,092.00
Cie de Saint-Gobain Industrials 37.9 -1.61%            724,532.00
Enel SpA Utilities 4.57 -1.42%         9,767,167.00