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European stocks rising today in sympathy with Asia, but on pace for worst month since January, 2016

Oct 31, 2018

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

European Markets

  • European stocks are jumping up this AM, in sympathy with the move in Asia stocks overnight 
  • The Euro Stoxx 600 is currently up +1.51%, the FTSE 100 is higher by +1.49%, the DAX has advanced +1.24%, and the CAC 40 has risen +2.18%
  • Even after today’s move, the Stoxx Europe 600 is on pace for its worst month since January 2016 
  • Inflation continues to accelerate in the Eurozone with Core CPI +1.1% Y/Y for October, in-line with market expectations and an acceleration from September’s rate of +0.9%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 6.41x
  • Basic Resources (+2.63%), Industrial Goods & Services (+2.47%), and Oil & Gas (+2.43%) stocks are the top performers in the Euro Stoxx 600 today
  • Telecommunications (-0.05%), Utilities (+0.25%), and Real Estate (+0.28%) stocks are the worst performers in the Euro Stoxx 600 today
  • 16 stocks in the Euro Stoxx 600 are at 4-week highs while 28 stocks are at 4-week lows
  • 5 stocks in the Euro Stoxx 600 are overbought while 67 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 22.22 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1339
  • GBP£ is currently up +0.26% against the USD$ to 1.2739
  • CHF is currently little changed against the USD$ at 0.9944

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1 basis points to 0.379%
  • German 10-Year Bunds are lower with yields up 1 basis points to 0.379%
  • French 10-Year Government Bonds are lower with yields up 0.4 basis points to 0.747%
  • UK 10-Year GILTs are lower with yields up 2.1 basis points to 1.42%
  • Italian 10-Year Government Bonds are higher with yields down -7.5 basis points to 3.4%
  • Spanish 10-Year Government Bonds are higher with yields down -1.3 basis points to 1.554%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
L'Oreal SA Consumer Staples 198 6.09%                  399,900
Sanofi Health Care 79.5 4.84%               1,785,061
Safran SA Industrials 113 3.73%                  575,632
Banco Santander SA Financials 4.24 3.25%            21,612,436
Airbus SE Industrials 97.03 3.04%               1,182,509
 
Underformers Sector Price 1D % Chg Volume
Banco Bilbao Vizcaya Argentaria SA Financials 4.92 -0.92%            15,730,726
Intesa Sanpaolo SpA Financials 1.97 -0.90%            48,770,159
Enel SpA Utilities 4.36 -0.62%               6,515,863
Iberdrola SA Utilities 6.27 -0.22%               2,342,046
Deutsche Telekom AG Telecommunication Services 14.4 -0.21%               3,407,321