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European stocks are higher mid-session as UK Brexit Secretary indicates Brexit deal to be reached by November 21st

Nov 01, 2018

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

European Markets

  • European stocks are advancing for a second straight day with better than expected earnings results from large-cap stocks is boosting investor sentiment 
  • UK Brexit Secretary indicated a Brexit deal with the EU should be finalized by November 21st
  • The Stoxx Europe 600 is now at its highest level in more than 2 weeks, though well below its high for October, which was hit on October 3rd 
  • The Euro Stoxx 600 is currently up +0.75%, the FTSE 100 is higher by +0.26%, the DAX has advanced +1%, and the CAC 40 has risen +0.41%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 3.2x
  • Telecommunications (+2.56%), Travel & Leisure (+1.93%), and Basic Resources (+1.56%) stocks are the top performers in the Euro Stoxx 600 today
  • Oil & Gas (-1.28%), Personal & Household Goods (+0.21%), and Food & Beverage (+0.32%) stocks are the worst performers in the Euro Stoxx 600 today
  • 54 stocks in the Euro Stoxx 600 are at 4-week highs while 13 stocks are at 4-week lows
  • 6 stocks in the Euro Stoxx 600 are overbought while 21 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 20.3 yesterday

 

 

What is Going on with European Currencies?

  • EUR€ is currently up +0.539% against the USD$ to 1.1373
  • GBP£ is currently up +0.846% against the USD$ to 1.2874
  • CHF is currently up +0.454% against the USD$ to 0.9962

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 2.6 basis points to 0.411%
  • German 10-Year Bunds are lower with yields up 2.6 basis points to 0.411%
  • French 10-Year Government Bonds are lower with yields up 1.8 basis points to 0.769%
  • UK 10-Year GILTs are lower with yields up 2.2 basis points to 1.459%
  • Italian 10-Year Government Bonds are higher with yields down -5.6 basis points to 3.371%
  • Spanish 10-Year Government Bonds are higher with yields down -0.4 basis points to 1.544%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
ING Groep NV Financials 11.1 5.57%            14,382,075
Bayer AG Health Care 69 2.83%                  973,939
Volkswagen AG Consumer Discretionary 153 2.78%                  528,811
Anheuser-Busch InBev SA/NV Consumer Staples 66.8 2.26%                  579,505
Deutsche Post AG Industrials 28.49 2.15%               1,652,403
 
Underformers Sector Price 1D % Chg Volume
TOTAL SA Energy 51.2 -1.33%               1,803,745
Eni SpA Energy 15.5 -1.01%               3,003,334
adidas AG Consumer Discretionary 207 -0.29%                  151,371
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 269 -0.15%                  169,740
Airbus SE Industrials 97.8 -0.13%                  509,055