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

European Markets

• European stocks traded higher in the morning session, but gave up all gains, turning negative and closing lower going into the weekend
• The Euro Stoxx 600 closed down -0.19%, the FTSE 100 declined -0.16%, the DAX fell -0.13%, and the CAC 40 finished down -0.2%
• Investor sentiment for European stocks finished trading neutral with the advance/decline ratio for the Euro Stoxx 600 currently at 1.12x
• Basic Resources (+0.84%), Technology (+0.47%), and Automobiles & Parts (+0.47%) stocks were the top performers in the Euro Stoxx 600 today
• Utilities (-1.54%), Real Estate (-1.37%), and Telecommunications (-0.98%) stocks were the worst performers in the Euro Stoxx 600 today
• 6 stocks in the Euro Stoxx 600 hit 4-week highs while 460 stocks closed at 4-week lows
• 1 stock in the Euro Stoxx 600 finished the trading session overbought while 290 stocks closed oversold according to the 16-day RSI Measure
• VSTOXX, the European stocks equivalent of the VIX, closed  down -7 points today to 14.23 after closing at 21.24 yesterday

Stocks Trending in the News

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• AstraZeneca (AZN LN) was downgraded by Fitch today to BBB+ and with an improved outlook to stable from negative.  AstraZeneca suffered the downgrade, according to Fitch, due to its 3 years of lagging free cash flow and declining profitability.  AstraZeneca closed 1.5% down at 5546 pence.  AstraZeneca is rated ‘Unattractive’ in our United-Kingdom Global Top Picks
• LVMH (MC FP) is Credit Suisse’s top stock in the luxury sector in the wake of the recent sell-off in the sector, it wrote in a research note today.  LVMH’s losses with the sector’s sell-off appear excessive, the note highlights.  LVMH closed 0.21% higher on the news.  LVMH is rated ‘Top Buy’ in our European Large-Cap Global Top Picks
• Airbus (AIR FP) may make it to the market first with a long-range narrow-body jet, according to a story in Bloomberg today.  Airbus may beat Boeing (BA) to the market by more than a year, delivering a jet by 2023, the story reports.  Both Airbus and Boeing faces decisions on their next product developments and are consulting customers ahead of any decision.  Airbus closed 3% higher at 100.26 euros while Boeing is trading flat at $358.  Airbus is rated ‘Neutral’ in our European Large-Cap Global Top Picks, Boeing is rated ‘Attractive’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Industrials Global Top Picks

What is Going on with European Currencies?

• EUR€ is currently down -0.319% against the USD$ to 1.1556
• GBP£ is currently down -0.567% against the USD$ to 1.3155
• CHF is currently down -0.208% against the USD$ to 1.0086

Highlights from the European Bond Market

• Generic Euro 10-Year Bonds are higher with yields down -2 basis points to 0.498%
• German 10-Year Bunds are higher with yields down -2 basis points to 0.498%
• French 10-Year Government Bonds are higher with yields down -1.5 basis points to 0.867%
• UK 10-Year GILTs are higher with yields down -4.1 basis points to 1.633%
• Italian 10-Year Government Bonds are lower with yields up 1.3 basis points to 3.577%
• Spanish 10-Year Government Bonds are lower with yields up 3.3 basis points to 1.676%

Euro Stoxx 50 Movers

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