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European stocks trading lower on Italian deficit conflict with the EU as the head of the European Commission warns of a Greek-style crisis

Oct 02, 2018

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

European Markets

  • European stocks are trading lower as the Italian deficit conflict with the EU heats up and the head of the European Commission warned of the potential for a Greek-style crisis
  • The Euro Stoxx 600 is currently down -0.69%, the FTSE 100 has declined -0.52%, the DAX has fallen -0.72%, and the CAC 40 is lower by -0.96%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.2x
  • Utilities (-0.08%), Food & Beverage (-0.17%), and Automobiles & Parts (-0.17%) stocks are the top performers in the Euro Stoxx 600 today
  • Industrial Goods & Services (-1.48%), Retail (-1.26%), and Technology (-1.14%) stocks are the worst performers in the Euro Stoxx 600 today
  • 83 stocks in the Euro Stoxx 600 are at 4-week highs while 46 stocks are at 4-week lows
  • 33 stocks in the Euro Stoxx 600 are overbought while 28 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 14.23 after closing at 14.23 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.553% against the USD$ to 1.1514
  • GBP£ is currently down -0.728% against the USD$ to 1.2947
  • CHF is currently little changed against the USD$ at 1.0156

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -4.2 basis points to 0.429%
  • German 10-Year Bunds are higher with yields down -4.2 basis points to 0.429%
  • French 10-Year Government Bonds are higher with yields down -3.7 basis points to 0.789%
  • UK 10-Year GILTs are higher with yields down -4.6 basis points to 1.542%
  • Italian 10-Year Government Bonds are lower with yields up 8.6 basis points to 3.385%
  • Spanish 10-Year Government Bonds are lower with yields up 1 basis points to 1.54%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Daimler AG Consumer Discretionary 55.5 1.26%         1,565,028.00
Fresenius SE & Co KGaA Health Care 69 0.61%            806,010.00
E.ON SE Utilities 8.75 0.48%         2,474,732.00
Bayerische Motoren Werke AG Consumer Discretionary 78.4 0.42%            723,318.00
Air Liquide SA Materials 113.7 0.19%  347650.00 
 
Underformers Sector Price 1D % Chg Volume
Koninklijke Philips NV Health Care 38.4 -3.10%         1,149,664.00
Siemens AG Industrials 107 -2.83%         1,754,816.00
Industria de Diseno Textil SA Consumer Discretionary 25.8 -2.31%            605,305.00
Intesa Sanpaolo SpA Financials 2.07 -2.03%    116,821,277.00
Schneider Electric SE Industrials 67.6 -2.00%            467,380.00