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European stocks are mixed with debate in Italy on deficit targets plus Fed's comments yesterday causing some investors to get jittery

Sep 27, 2018

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

European Markets

  • European stocks are drifting down this morning, as traders are still trying to make sense of the US Fed’s comments after its decision to raise its benchmark interest rate 25 bps to the 2-2.25% range.  
  • A budget debate among Italian government coalition partners is also creating unease in European markets – Eurozone banks are pressuring the benchmark Euro Stoxx indices
  • Annual inflation in Germany increased more than expected in September, 2.2% Y/Y, exceeding the European Central Bank's price stability target
  • The Euro Stoxx 600 is currently down -0.17%, the FTSE 100 is higher by +0.14%, the DAX has fallen -0.17%, and the CAC 40 is lower by -0.08%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.63x
  • Oil & Gas (+0.44%), Retail (+0.36%), and Personal & Household Goods (+0.21%) stocks are the top performers in the Euro Stoxx 600 today
  • Banks (-0.78%), Chemicals (-0.63%), and Financial Services (-0.5%) stocks are the worst performers in the Euro Stoxx 600 today
  • 59 stocks in the Euro Stoxx 600 are at 4-week highs while 51 stocks are at 4-week lows
  • 34 stocks in the Euro Stoxx 600 are overbought while 20 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 13.3 after closing at 12.85 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.23% against the USD$ to 1.1712
  • GBP£ is currently down -0.235% against the USD$ to 1.3136
  • CHF is currently down -0.483% against the USD$ to 1.0302

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1.4 basis points to 0.512%
  • German 10-Year Bunds are higher with yields down -1.4 basis points to 0.512%
  • French 10-Year Government Bonds are higher with yields down -1.1 basis points to 0.832%
  • UK 10-Year GILTs are higher with yields down -1.7 basis points to 1.576%
  • Italian 10-Year Government Bonds are lower with yields up 5 basis points to 2.909%
  • Spanish 10-Year Government Bonds are higher with yields down -0.5 basis points to 1.518%

Euro Stoxx 50 Movers

In local currency.
On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D % Chg Volume
Bayer AG Health Care 77.6 1.52%         1,443,876.00
Sanofi Health Care 76.3 1.09%            565,230.00
Essilor International Health Care 128 0.99%            227,687.00
TOTAL SA Energy 56 0.94%         2,293,221.00
Volkswagen AG Consumer Discretionary 153 0.82%            488,353.00
 
Underformers Sector Price 1D % Chg Volume
Intesa Sanpaolo SpA Financials 2.37 -2.77%      76,096,067.00
Deutsche Bank AG Financials 10.1 -1.35%         4,789,931.00
Banco Santander SA Financials 4.43 -1.25%      10,058,901.00
BASF SE Materials 77.8 -1.19%            820,121.00
BNP Paribas SA Financials 54 -1.17%         1,491,690.00