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European stocks give back earlier gains as yesterday's confidence dissipated, plunging European car sales weigh on markets overshadowing strong tech results

Oct 17, 2018

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

European Markets

  • European stocks are declining this morning, parring earlier gains following commentary from Goldman Sachs that the C3Q2018 will prove to have been a challenging quarter for the major auto manufacturers
  • The Euro Stoxx 600 is currently down -0.04%, the FTSE 100 is higher by +0.25%, the DAX has fallen -0.38%, and the CAC 40 is lower by -0.03%
  • European stocks are expected to report earnings growth of +13.6% for C3Q2018 according to Refinitiv (formerly Thomson Reuters)
  • Goldman Sachs is cautioning investors about the potential for negative earnings revisions for auto suppliers after warning about 3Q earnings for European auto manufacturers  
  • Investor sentiment for European stocks is neutral with the advance/decline ratio for the Euro Stoxx 600 currently at 1.2x
  • Real Estate (+1.35%), Technology (+0.89%), and Basic Resources (+0.62%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (-1.33%), Food & Beverage (-0.88%), and Travel & Leisure (-0.87%) stocks are the worst performers in the Euro Stoxx 600 today
  • 12 stocks in the Euro Stoxx 600 are at 4-week highs while 75 stocks are at 4-week lows
  • 4 stocks in the Euro Stoxx 600 are overbought while 83 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 16.83 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.276% against the USD$ to 1.1542
  • GBP£ is currently down -0.463% against the USD$ to 1.312
  • CHF is currently down -0.238% against the USD$ to 1.007

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -2.7 basis points to 0.464%
  • German 10-Year Bunds are higher with yields down -2.7 basis points to 0.464%
  • French 10-Year Government Bonds are higher with yields down -3 basis points to 0.813%
  • UK 10-Year GILTs are higher with yields down -3.3 basis points to 1.576%
  • Italian 10-Year Government Bonds are lower with yields up 0.6 basis points to 3.459%
  • Spanish 10-Year Government Bonds are higher with yields down -1.5 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
ASML Holding NV Information Technology 162 4.81%               1,562,597
Unibail-Rodamco-Westfield Real Estate 161 1.63%                  171,530
Deutsche Bank AG Financials 9.78 1.61%                  323,088
Allianz SE Financials 185 1.14%                  533,747
Deutsche Telekom AG Telecommunication Services 14.42 1.06%               5,896,067
 
Underformers Sector Price 1D % Chg Volume
Fresenius SE & Co KGaA Health Care 60.2 -12.79%               3,866,089
Danone SA Consumer Staples 62.1 -4.31%               1,902,074
CRH PLC Materials 26.6 -1.99%                  900,403
Daimler AG Consumer Discretionary 52.7 -1.09%               1,395,610
Industria de Diseno Textil SA Consumer Discretionary 24.8 -1.08%                  711,493