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European stocks are losing ground after gains earlier as lower IMF growth forecast, higher bond yields and the rift between Italy and the EU sap investor sentiment

Oct 09, 2018

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

European Markets

  • European stocks are declining again this morning, after opening in the black as lower IMF growth forecast, higher bond yields and the spat between the EU and the Italian coalition government continues to blunt investor sentiment
  • The Euro Stoxx 600 is currently down -0.38%, the FTSE 100 has declined -0.3%, the DAX has fallen -0.53%, and the CAC 40 is lower by -0.34%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.46x
  • Oil & Gas (+1.08%), Telecommunications (-0.91%), and Basic Resources (+0.76%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (-0.56%), Food & Beverage (-0.36%), and Utilities (-0.6%) stocks are the worst performers in the Euro Stoxx 600 today
  • 5 stocks in the Euro Stoxx 600 are at 4-week highs while 264 stocks are at 4-week lows
  • 4 stocks in the Euro Stoxx 600 are overbought while 128 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is  moving down this morning and is currently at 14.23 after closing at 17.63 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.4% against the USD$ to 1.1446
  • GBP£ is currently down -0.321% against the USD$ to 1.3048
  • CHF is currently down -0.208% against the USD$ to 1.0055

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 2.2 basis points to 0.551%
  • German 10-Year Bunds are lower with yields up 2.2 basis points to 0.551%
  • French 10-Year Government Bonds are lower with yields up 2.6 basis points to 0.901%
  • UK 10-Year GILTs are lower with yields up 3.4 basis points to 1.708%
  • Italian 10-Year Government Bonds are lower with yields up 10.1 basis points to 3.669%
  • Spanish 10-Year Government Bonds are lower with yields up 3.7 basis points to 1.628%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Eni SpA Energy 16.2 1.80%         6,605,808.00
Koninklijke Ahold Delhaize NV Consumer Staples 19.2 1.40%         1,598,189.00
Unibail-Rodamco-Westfield Real Estate 164 0.99%            134,514.00
TOTAL SA Energy 54.5 0.83%         1,619,682.00
Munich Re Financials 193.65 0.53%            182,502.00
 
Underformers Sector Price 1D % Chg Volume
adidas AG Consumer Discretionary 201 -2.62%            324,267.00
Airbus SE Industrials 101 -2.35%            443,845.00
Cie de Saint-Gobain Industrials 34.4 -2.07%         1,178,907.00
Fresenius SE & Co KGaA Health Care 66.6 -1.83%            500,988.00
BASF SE Materials 73 -1.60%            849,982.00