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Batch of good earnings pushes European stocks higher despite Italy's Prime Minister doubling down on his government's budget

Oct 24, 2018

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

European Markets

  • A batch of good earnings has pushed European stocks higher despite Italy's Prime Minister doubling down on his government's budget with the EU
  • The Euro Stoxx 600 is currently up +1.22%, the FTSE 100 is higher by +1.26%, the DAX has advanced +0.96%, and the CAC 40 has risen +1.47%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 5.19x
  • Retail (+2.38%), Construction & Materials (+2.14%), and Personal & Household Goods (+1.94%) stocks are the top performers in the Euro Stoxx 600 today
  • Basic Resources (-0.46%), Automobiles & Parts (-0.06%), and Banks (+0.21%) stocks are the worst performers in the Euro Stoxx 600 today
  • 7 stocks in the Euro Stoxx 600 are at 4-week highs while 302 stocks are at 4-week lows
  • 4 stocks in the Euro Stoxx 600 are overbought while 214 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is  moving down 1.60 this morning and is currently at 19.75 after closing at 21.36 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.68% against the USD$ to 1.1393
  • GBP£ is currently down -0.508% against the USD$ to 1.2917
  • CHF is currently down -0.348% against the USD$ to 1.0016

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.3 basis points to 0.406%
  • German 10-Year Bunds are higher with yields down -0.3 basis points to 0.406%
  • French 10-Year Government Bonds are higher with yields down -1.1 basis points to 0.775%
  • UK 10-Year GILTs are higher with yields down -0.7 basis points to 1.462%
  • Italian 10-Year Government Bonds are higher with yields down -5.6 basis points to 3.536%
  • Spanish 10-Year Government Bonds are higher with yields down -4.8 basis points to 1.615%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Vinci SA Industrials 79.4 6.72%               1,361,478
Safran SA Industrials 110 4.99%               1,155,086
adidas AG Consumer Discretionary 205 3.62%                  345,864
Air Liquide SA Materials 109 3.48%                  710,211
Anheuser-Busch InBev SA/NV Consumer Staples 73.54 3.10%               1,332,840
 
Underformers Sector Price 1D % Chg Volume
Deutsche Bank AG Financials 9.03 -3.03%            15,025,083
Cie de Saint-Gobain Industrials 31.4 -1.23%               1,118,860
Societe Generale SA Financials 33.2 -1.21%               1,663,283
Volkswagen AG Consumer Discretionary 138 -1.20%                  877,520
Intesa Sanpaolo SpA Financials 1.95 -0.92%            53,006,333

 

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