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European stocks lower across the board on geopolitical and growth concerns, EU decides today whether to demand budget revision from Italy

Oct 23, 2018

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

European Markets

  • European stocks are sliding this morning, down to levels not seen since December 2016 as stocks in the region track the sell-off in Asia stocks
  • Weak earnings results from Renault (RNO FP), Ingenico Group (ING FP), AMG AG (AMG GR), and Atos SW (ATO FP) are weighing on investor sentiment in the region 
  • The Euro Stoxx 600 is currently down -1.14%, the FTSE 100 has declined -0.65%, the DAX has fallen -1.68%, and the CAC 40 is lower by -1.22%
  • The EU is set to deliver its judgement on the Italian CY2019 budget deficit this afternoon (London time) 
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.17x
  • Personal & Household Goods (+0.27%), Utilities (+0.27%), and Media (-0.19%) stocks are the top performers in the Euro Stoxx 600 today
  • Technology (-3.71%), Basic Resources (-2.43%), and Construction & Materials (-1.92%) stocks are the worst performers in the Euro Stoxx 600 today
  • 23 stocks in the Euro Stoxx 600 are at 4-week highs while 86 stocks are at 4-week lows
  • 3 stocks in the Euro Stoxx 600 are overbought while 157 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 19.36 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1463
  • GBP£ is currently little changed against the USD$ at 1.2979
  • CHF is currently little changed against the USD$ at 1.004

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1.3 basis points to 0.435%
  • German 10-Year Bunds are higher with yields down -1.3 basis points to 0.435%
  • French 10-Year Government Bonds are higher with yields down -2.2 basis points to 0.799%
  • UK 10-Year GILTs are higher with yields down -2.4 basis points to 1.503%
  • Italian 10-Year Government Bonds are higher with yields down -3.6 basis points to 3.454%
  • Spanish 10-Year Government Bonds are higher with yields down -5.1 basis points to 1.645%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Koninklijke Ahold Delhaize NV Consumer Staples 20.3 1.48%               2,156,576
Unilever NV Consumer Staples 48.1 1.29%               2,102,269
Iberdrola SA Utilities 6.34 0.93%               4,844,014
Intesa Sanpaolo SpA Financials 2 0.59%            84,223,006
Koninklijke Philips NV Health Care 31.81 0.38%  3175887 
 
Underformers Sector Price 1D % Chg Volume
Bayer AG Health Care 68.7 -8.01%               5,334,320
ASML Holding NV Information Technology 146 -4.35%               1,326,148
CRH PLC Materials 23.7 -2.39%                  394,587
Safran SA Industrials 106 -2.36%                  643,926
Deutsche Post AG Industrials 27.9 -2.34%               2,138,120