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European stocks mostly lower after earlier strength on BP and Volkswagen earnings fades, markets lose momentum through session

Oct 30, 2018

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

European Markets

  • European stocks are edging down in a directionless market this AM 
  • The Euro Stoxx 600 is currently down -0.06%, the FTSE 100 is higher by +0.2%, the DAX has fallen -0.28%, and the CAC 40 is lower by -0.31%
  • Disappointing earnings from General Electric (GE) is overshadowing positive results from BP PLC (LSE:BP)
  • French GDP was in-line with market expectations, growing +0.4% Q/Q and +1.5% Y/Y
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.88x
  • Oil & Gas (+0.35%), Utilities (+0.31%), and Health Care (+0.27%) stocks are the top performers in the Euro Stoxx 600 today
  • Travel & Leisure (-0.82%), Personal & Household Goods (-0.65%), and Industrial Goods & Services (-0.48%) stocks are the worst performers in the Euro Stoxx 600 today
  • 17 stocks in the Euro Stoxx 600 are at 4-week highs while 26 stocks are at 4-week lows
  • 3 stocks in the Euro Stoxx 600 are overbought while 74 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 22.29 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.229% against the USD$ to 1.1347
  • GBP£ is currently down -0.453% against the USD$ to 1.2735
  • CHF is currently little changed against the USD$ at 0.9977

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.1 basis points to 0.378%
  • German 10-Year Bunds are lower with yields up 0.1 basis points to 0.378%
  • French 10-Year Government Bonds are lower with yields up 1.2 basis points to 0.754%
  • UK 10-Year GILTs are lower with yields up 1.1 basis points to 1.41%
  • Italian 10-Year Government Bonds are lower with yields up 9.6 basis points to 3.433%
  • Spanish 10-Year Government Bonds are lower with yields up 2.2 basis points to 1.566%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Volkswagen AG Consumer Discretionary 148 3.93%               1,108,523
Safran SA Industrials 109 0.97%                  629,943
Koninklijke Ahold Delhaize NV Consumer Staples 20.1 0.83%               1,241,998
Sanofi Health Care 75.1 0.82%                  686,806
E.ON SE Utilities 8.52 0.73%               1,294,532
 
Underformers Sector Price 1D % Chg Volume
Fresenius SE & Co KGaA Health Care 56.2 -3.40%                  788,585
BNP Paribas SA Financials 45.9 -3.26%               2,650,454
Banco Bilbao Vizcaya Argentaria SA Financials 5.01 -2.20%            11,567,882
Airbus SE Industrials 94.2 -1.60%                  531,066
Societe Generale SA Financials 32.1 -1.53%               1,442,733