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European stocks start the trading week higher, following Asia, after China pledges fresh support for its economy

Oct 22, 2018

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

European Markets

  • European stocks are edging up this morning but are off earlier AM highs following news that the Italian coalition government is willing to negotiate with the EU 
  • The Stoxx Europe 600 continues to hover near oversold territory according to the 14-day RSI technical indicator
  • The Euro Stoxx 600 is currently up +0.53%, the FTSE 100 is higher by +0.87%, the DAX has advanced +0.7%, and the CAC 40 has risen +0.45%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.7x
  • Basic Resources (+1.32%), Financial Services (+1.12%), and Chemicals (+1.08%) stocks are the top performers in the Euro Stoxx 600 today
  • Real Estate (-0.15%), Telecommunications (-0.14%), and Health Care (-0.09%) stocks are the worst performers in the Euro Stoxx 600 today
  • As highlighted in this section last week, European auto stocks trading at 6-year lows
  • 21 stocks in the Euro Stoxx 600 are at 4-week highs while 193 stocks are at 4-week lows
  • 5 stocks in the Euro Stoxx 600 are overbought while 160 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 18.78 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1498
  • GBP£ is currently down -0.398% against the USD$ to 1.3024
  • CHF is currently little changed against the USD$ at 1.0032

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.5 basis points to 0.465%
  • German 10-Year Bunds are lower with yields up 0.5 basis points to 0.465%
  • French 10-Year Government Bonds are higher with yields down -0.8 basis points to 0.832%
  • UK 10-Year GILTs are higher with yields down -2 basis points to 1.556%
  • Italian 10-Year Government Bonds are higher with yields down -6.5 basis points to 3.418%
  • Spanish 10-Year Government Bonds are higher with yields down -4.7 basis points to 1.688%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Fresenius SE & Co KGaA Health Care 61.1 2.21%                  772,361
Cie de Saint-Gobain Industrials 32.7 1.77%                  538,708
Siemens AG Industrials 101 1.40%                  699,537
AXA SA Financials 22.7 1.32%               2,304,009
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 266.35 1.22%                  188,860
 
Underformers Sector Price 1D % Chg Volume
Koninklijke Philips NV Health Care 32.6 -5.91%               4,528,633
Unibail-Rodamco-Westfield Real Estate 160 -0.81%                  122,191
Danone SA Consumer Staples 63.4 -0.63%                  630,559
Bayer AG Health Care 77.1 -0.58%               1,159,066
Orange SA Telecommunication Services 14 -0.50%               1,545,483