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Most European stocks are lower today as corporate earnings warnings invoke widespread risk-off sentiment with fears of slower growth ahead

Oct 19, 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, with profit warnings from major companies like Michelin (ML FP) weighing on investor moods
  • The Euro Stoxx 600 is currently down -0.42%, the FTSE 100 is higher by +0.17%, the DAX has fallen -0.33%, and the CAC 40 is lower by -0.89%
  • The EU has sent the Italian coalition government a letter asking for an explanation for it budget plans, calling the current a breach of EU fiscal rules
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.37x
  • Utilities (+0.88%), Food & Beverage (+0.77%), and Personal & Household Goods (+0.72%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (-2.65%), Travel & Leisure (-2.07%), and Industrial Goods & Services (-1.8%) stocks are the worst performers in the Euro Stoxx 600 today
  • 29 stocks in the Euro Stoxx 600 are at 4-week highs while 83 stocks are at 4-week lows
  • 5 stocks in the Euro Stoxx 600 are overbought while 124 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 18.17 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.192% against the USD$ to 1.1475
  • GBP£ is currently little changed against the USD$ at 1.3036
  • CHF is currently little changed against the USD$ at 1.0042

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.4 basis points to 0.42%
  • German 10-Year Bunds are lower with yields up 0.4 basis points to 0.42%
  • French 10-Year Government Bonds are lower with yields up 2 basis points to 0.817%
  • UK 10-Year GILTs are lower with yields up 0.4 basis points to 1.542%
  • Italian 10-Year Government Bonds are lower with yields up 1.1 basis points to 3.697%
  • Spanish 10-Year Government Bonds are lower with yields up 5.5 basis points to 1.783%
     

Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Unilever NV Consumer Staples 47.2 2.53%               2,982,809
E.ON SE Utilities 8.6 1.61%               3,228,923
adidas AG Consumer Discretionary 201 1.43%                  396,794
Iberdrola SA Utilities 6.25 1.23%               7,499,750
Munich Re Financials 189.25 1.12%                  346,291
 
Underformers Sector Price 1D % Chg Volume
Schneider Electric SE Industrials 59.8 -3.08%               1,374,547
Airbus SE Industrials 97.1 -2.25%               1,317,716
Koninklijke Philips NV Health Care 34.8 -2.14%               2,196,968
Societe Generale SA Financials 34.2 -2.12%               2,900,104
BNP Paribas SA Financials 48.2 -2.05%               3,233,073