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European stocks edging higher on optimism for progress on Brexit this week

Nov 05, 2018

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

European Markets

  • European stocks are edging up to start the week following rumors that the UK and EU are moving closer to breaking the deadlock surrounding BREXIT talks 
  • UK Prime Minister Theresa May is set to update her cabinet on recent updates regarding BREXIT negotiations with the EU 
  • The Euro Stoxx 600 is currently up +0.21%, the FTSE 100 is higher by +0.27%, the DAX has advanced +0.2%, and the CAC 40 has risen +0.2%
  • UK car dealership stocks are dropping following a report by the Society of Motor Manufacturers and Traders (SMMT) that shows new car registrations for October falling 2.9%.
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.88x
  • Basic Resources (+1.1%), Oil & Gas (+0.95%), and Telecommunications (+0.89%) stocks are the top performers in the Euro Stoxx 600 today
  • Financial Services (-0.63%), Industrial Goods & Services (-0.53%), and Automobiles & Parts (-0.36%) stocks are the worst performers in the Euro Stoxx 600 today
  • 117 stocks in the Euro Stoxx 600 are at 4-week highs while 6 stocks are at 4-week lows
  • 5 stocks in the Euro Stoxx 600 are overbought while 7 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is moving  moving down this morning and is currently at 14.23 after closing at 18.85 last week

What is Going on with European Currencies?

  • EUR€ is currently down -0.167% against the USD$ to 1.1369
  • GBP£ is currently up +0.254% against the USD$ to 1.3003
  • CHF is currently down -0.281% against the USD$ to 0.9939

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.4 basis points to 0.432%
  • German 10-Year Bunds are lower with yields up 0.4 basis points to 0.432%
  • French 10-Year Government Bonds are lower with yields up 1 basis points to 0.795%
  • UK 10-Year GILTs are lower with yields up 2.5 basis points to 1.519%
  • Italian 10-Year Government Bonds are lower with yields up 3.2 basis points to 3.353%
  • Spanish 10-Year Government Bonds are lower with yields up 0.2 basis points to 1.575%

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
TOTAL SA Energy 51.1 1.59%               1,123,146
Orange SA Telecommunication Services 14.1 1.40%               2,751,928
Banco Bilbao Vizcaya Argentaria SA Financials 5.23 1.39%               5,367,861
E.ON SE Utilities 8.75 1.23%               2,653,705
Telefonica SA Telecommunication Services 7.43 1.16%            11,039,612
 
Underformers Sector Price 1D % Chg Volume
Intesa Sanpaolo SpA Financials 1.97 -1.78%      48,707,385
Schneider Electric SE Industrials 64 -1.23%            556,517
Cie de Saint-Gobain Industrials 32.5 -1.23%            525,441
Safran SA Industrials 112 -0.80%            175,866
Fresenius SE & Co KGaA Health Care 54.5 -0.77%            935,700