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European stocks are catching a bid, higher across the board with focus turning to upcoming earnings

Oct 12, 2018

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

European Markets

  • European stocks are broadly higher, though off highs of the days, as the global rout in stocks is abating
  • European stocks are on track for their worst week since February 2018 as focus turns to upcoming earnings
  • The Euro Stoxx 600 is currently up +0.44%, the FTSE 100 is higher by +0.61%, the DAX has advanced +0.38%, and the CAC 40 has risen +0.47%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.43x
  • Basic Resources (+1.63%), Retail (+1.15%), and Automobiles & Parts (+1.08%) stocks are the top performers in the Euro Stoxx 600 today
  • Utilities (-0.66%), Real Estate (-0.62%), and Chemicals (-0.39%) stocks are the worst performers in the Euro Stoxx 600 today
  • 6 stocks in the Euro Stoxx 600 are at 4-week highs while 460 stocks are at 4-week lows
  • 1 stocks in the Euro Stoxx 600 are overbought while 290 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 21.24 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1581
  • GBP£ is currently little changed against the USD$ at 1.3222
  • CHF is currently down -0.218% against the USD$ to 1.0085

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.8 basis points to 0.526%
  • German 10-Year Bunds are lower with yields up 0.8 basis points to 0.526%
  • French 10-Year Government Bonds are lower with yields up 0.2 basis points to 0.884%
  • UK 10-Year GILTs are higher with yields down -1.5 basis points to 1.659%
  • Italian 10-Year Government Bonds are higher with yields down -2.7 basis points to 3.537%
  • Spanish 10-Year Government Bonds are lower with yields up 3.7 basis points to 1.68%

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Schneider Electric SE Industrials 62.9 1.81%            799,147.00
Intesa Sanpaolo SpA Financials 2.07 1.65%      66,740,775.00
Safran SA Industrials 108 1.60%            590,368.00
Airbus SE Industrials 98.8 1.47%            738,044.00
ING Groep NV Financials 10.95 1.24%         7,498,440.00
 
Underformers Sector Price 1D % Chg Volume
Iberdrola SA Utilities 6.06 -2.57%         5,253,441.00
Fresenius SE & Co KGaA Health Care 66.3 -2.27%            524,556.00
Air Liquide SA Materials 105 -1.69%            744,879.00
Unibail-Rodamco-Westfield Real Estate 159 -1.59%            171,763.00
Enel SpA Utilities 4.31 -0.90%      11,852,623.00