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European stocks lower, as investors assess US Fed Chairman Powell’s comments and the impact of higher US Treasury yields on asset allocation

Oct 04, 2018

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

European Markets

  • European stocks are lower midday, as investors assess US Fed Chairman’s Powell’s comments and the impact of higher US Treasury yields on asset allocation
  • The Euro Stoxx 600 is currently down -0.7%, the FTSE 100 has declined -0.89%, the DAX has fallen -0.12%, and the CAC 40 is lower by -0.97%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.36x
  • Insurance (+1.11%), Banks (+0.81%), and Basic Resources (+0.15%) stocks are the top performers in the Euro Stoxx 600 today
  • Personal & Household Goods (-2.41%), Real Estate (-1.94%), and Utilities (-1.72%) stocks are the worst performers in the Euro Stoxx 600 today
  • 62 stocks in the Euro Stoxx 600 are at 4-week highs while 51 stocks are at 4-week lows
  • 25 stocks in the Euro Stoxx 600 are overbought while 23 stocks are oversold according to the 16-day RSI Measure

What is Going on with European Currencies?

  • EUR€ is currently up +0.209% against the USD$ to 1.1502
  • GBP£ is currently up +0.355% against the USD$ to 1.2986
  • CHF is currently little changed against the USD$ at 1.0082

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 5.8 basis points to 0.533%
  • German 10-Year Bunds are lower with yields up 5.8 basis points to 0.533%
  • French 10-Year Government Bonds are lower with yields up 5.6 basis points to 0.876%
  • UK 10-Year GILTs are lower with yields up 8 basis points to 1.655%
  • Italian 10-Year Government Bonds are lower with yields up 3.1 basis points to 3.344%
  • Spanish 10-Year Government Bonds are lower with yields up 2.6 basis points to 1.562%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Munich Re Financials 195.35 2.33%            308,563.00
Deutsche Bank AG Financials 9.798 2.03%         6,224,185.00
Allianz SE Financials 195.78 1.77%            598,983.00
AXA SA Financials 23.64 1.72%         3,105,997.00
Societe Generale SA Financials 37.32 1.51%         1,919,449.00
 
Underformers Sector Price 1D % Chg Volume
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 292.75 -3.83%            346,277.00
L'Oreal SA Consumer Staples 203 -2.31%            208,807.00
Unibail-Rodamco-Westfield Real Estate 166.8 -2.18%            204,262.00
Unilever NV Consumer Staples 47.265 -2.15%         1,910,402.00
Engie SA Utilities 12.55 -1.84%         2,116,429.00