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 |