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European stocks are trading mostly higher on Italy's budget deal and strong earnings reports

Oct 16, 2018

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

European Markets

  • European stocks are trading higher today in the wake of strong corporate earnings and Italy's budget deal with a target deficit of 2.4% for CY2019
  • The Euro Stoxx 600 is currently up +0.76%, the FTSE 100 has declined -0.17%, the DAX has advanced +0.56%, and the CAC 40 has risen +0.44%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 4.17x
  • Oil & Gas (-0.74%), Telecommunications (+0.81%), and Basic Resources (-0.05%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (+2.02%), Food & Beverage (+0.87%), and Utilities (+1.71%) stocks are the worst performers in the Euro Stoxx 600 today
  • 5 stocks in the Euro Stoxx 600 are at 4-week highs while 249 stocks are at 4-week lows
  • 5 stocks in the Euro Stoxx 600 are overbought while 259 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 19.07 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1582
  • GBP£ is currently up +0.502% against the USD$ to 1.3218
  • CHF is currently little changed against the USD$ at 1.0125

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.8 basis points to 0.495%
  • German 10-Year Bunds are higher with yields down -0.8 basis points to 0.495%
  • French 10-Year Government Bonds are higher with yields down -1.5 basis points to 0.854%
  • UK 10-Year GILTs are lower with yields up 0.4 basis points to 1.614%
  • Italian 10-Year Government Bonds are higher with yields down -7.8 basis points to 3.468%
  • Spanish 10-Year Government Bonds are higher with yields down -1.9 basis points to 1.66%

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Enel SpA Utilities 4.44 3.23%            24,559,556
Volkswagen AG Consumer Discretionary 148 2.41%               1,182,154
Nokia OYJ Information Technology 4.65 2.33%               7,146,398
Safran SA Industrials 110 2.28%                  413,992
Iberdrola SA Utilities 6.18 2.21%               5,232,472
 
Underformers Sector Price 1D % Chg Volume
Koninklijke Ahold Delhaize NV Consumer Staples 19.1 -2.88%               4,502,740
TOTAL SA Energy 52.8 -1.36%               1,918,018
AXA SA Financials 22.3 -1.06%               2,952,948
Eni SpA Energy 15.6 -0.72%               3,837,567
Allianz SE Financials 181 -0.71%                  472,101