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European stocks are mixed mid-session as UK Prime Minister May considers a Brexit that would bind the UK to EU rules for longer

Oct 18, 2018

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

European Markets

  • European stocks are mixed as UK Prime Minister May is considering a Brexit that would bind the UK to EU rules for longer than originally anticipated
  • European stocks are mixed this morning, shrugging off a negative trading session in Asia, with positive earnings results for Media and healthcare stocks offset by a drop in Spanish Bank stocks
  • The Spanish Supreme Court rules that the Spanish banks must pay mortgage-documentation taxes
  • The Euro Stoxx 600 is currently up +0.16%, the FTSE 100 has declined -0.13%, the DAX has advanced +0.1%, and the CAC 40 has risen +0.4%
  • The Euro Stoxx 600 is off 6.53% in price return for the year, on pace for its worst year since 2011 -- total return for the index is a more manageable –3.52%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.82x
  • Media (+1.68%), Telecommunications (+1.19%), and Health Care (+1.14%) stocks are the top performers in the Euro Stoxx 600 today
  • Banks (-1.12%), Construction & Materials (-1%), and Basic Resources (-0.68%) stocks are the worst performers in the Euro Stoxx 600 today
  • 21 stocks in the Euro Stoxx 600 are at 4-week highs while 44 stocks are at 4-week lows
  • 5 stocks in the Euro Stoxx 600 are overbought while 94 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 17.02 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1517
  • GBP£ is currently little changed against the USD$ at 1.3111
  • CHF is currently up +0.259% against the USD$ to 1.0073
     

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.3 basis points to 0.464%
  • German 10-Year Bunds are lower with yields up 0.3 basis points to 0.464%
  • French 10-Year Government Bonds are lower with yields up 1.2 basis points to 0.828%
  • UK 10-Year GILTs are lower with yields up 0.5 basis points to 1.58%
  • Italian 10-Year Government Bonds are lower with yields up 3.3 basis points to 3.581%
  • Spanish 10-Year Government Bonds are lower with yields up 3.8 basis points to 1.687

Euro Stoxx 50 Movers

In local currency.
On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D % Chg Volume
Nokia OYJ Information Technology 4.91 4.03%            13,308,266
Koninklijke Ahold Delhaize NV Consumer Staples 20 2.36%               2,508,311
Orange SA Telecommunication Services 14 1.74%               2,359,640
Deutsche Telekom AG Telecommunication Services 14.6 1.74%               7,426,856
Vivendi SA Consumer Discretionary 21.15 1.37%               1,241,346
 
Underformers Sector Price 1D % Chg Volume
CRH PLC Materials 25.3 -3.98%               1,701,634
Banco Bilbao Vizcaya Argentaria SA Financials 5.12 -3.34%            37,614,065
SAP SE Information Technology 97.7 -2.81%               2,582,752
Fresenius SE & Co KGaA Health Care 61.5 -2.13%               1,350,411
Cie de Saint-Gobain Industrials 32.8 -2.10%                  910,619