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Risk-off returns to European stocks, falling on weak earnings and guidance; Stoxx Europe 600 on pace for biggest monthly decline in 7 years

Oct 26, 2018

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

European Markets

  • European stocks are dropping this morning following disappointing results from US large-cap tech stocks and negative FY guidance from large-cap European stocks 
  • European oil stocks are trading at their lowest level since April 2018 as global oil prices head for its third straight weekly decline
  • European stocks, as indicated by the Stoxx Europe 600, are headed for their biggest monthly decline in 7 years
  • The Euro Stoxx 600 is currently down -1.53%, the FTSE 100 has declined -1.64%, the DAX has fallen -2.05%, and the CAC 40 is lower by -2.34%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.11x
  • Travel & Leisure (-0.36%), Food & Beverage (-0.48%), and Utilities (-0.84%) stocks are the top performers in the Euro Stoxx 600 today
  • Oil & Gas (-2.85%), Automobiles & Parts (-2.45%), and Technology (-2.33%) stocks are the worst performers in the Euro Stoxx 600 today
  • 9 stocks in the Euro Stoxx 600 are at 4-week highs while 272 stocks are at 4-week lows
  • 4 stocks in the Euro Stoxx 600 are overbought while 146 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is moving up this morning and is currently at 24.13 after closing at 20.76 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.167% against the USD$ to 1.1356
  • GBP£ is currently down -0.156% against the USD$ to 1.2797
  • CHF is currently little changed against the USD$ at 0.9993

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -4.2 basis points to 0.356%
  • German 10-Year Bunds are higher with yields down -4.2 basis points to 0.356%
  • French 10-Year Government Bonds are higher with yields down -2.5 basis points to 0.746%
  • UK 10-Year GILTs are higher with yields down -3.4 basis points to 1.407%
  • Italian 10-Year Government Bonds are lower with yields up 3.5 basis points to 3.527%
  • Spanish 10-Year Government Bonds are higher with yields down -0.2 basis points to 1.585%
     

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Nokia OYJ Information Technology 4.821 2.38% 12,884,985.00
Cie de Saint-Gobain Industrials 31.745 0.76% 1,267,691.00
Anheuser-Busch InBev SA/NV Consumer Staples 64.43 -0.12% 1,521,739.00
E.ON SE Utilities 8.491 -0.40% 1,483,182.00
Bayerische Motoren Werke AG Consumer Discretionary 74.18 -0.58% 646,683
 
Underformers Sector Price 1D % Chg Volume
Deutsche Bank AG Financials 8.427 -4.27% 8,054,689.00
Airbus SE Industrials 94.03 -3.88% 727,195.00
TOTAL SA Energy 49.62 -3.60% 2,545,567.00
Schneider Electric SE Industrials 60.22 -3.00% 1,003,484.00
SAP SE Information Technology 91.09 -2.95% 852,596.00