blog

Latest from the Quantamize Blog

European stocks are trading higher mid-session, following US futures post US midterms results

Nov 07, 2018

 

 

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

European Markets

  • European markets are trading higher mid-session following US futures post-US midterms
  • UK Prime Minister Theresa May is reportedly prepared to ask for Cabinet approval for a drafted BREXIT deal after yesterday’s Cabinet meeting ended without agreement 
  • Spanish bank stocks are rallying sharply following news that the Spanish Supreme Courts ruled they are not liable for mortgage stamp duty payments 
  • The Italian coalition government is calling for a vote of confidence to strong-arm dissident members of the Five Star movements to force through legislation backing tighter restrictions for asylum seekers – Five Star’s partner in the coalition government, La Lega, have positioned themselves as anti-immigration with a focus on limiting the arrival of undocumented foreigners into Italy
  • The Euro Stoxx 600 is currently up +1.06%, the FTSE 100 is higher by +1.11%, the DAX has advanced +1.02%, and the CAC 40 has risen +1.34%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 4.08x
  • Oil & Gas (+2.22%), Basic Resources (+1.75%), and Retail (+1.66%) stocks are the top performers in the Euro Stoxx 600 today
  • Media (+0.11%), Travel & Leisure (+0.2%), and Technology (+0.31%) stocks are the worst performers in the Euro Stoxx 600 today
  • 37 stocks in the Euro Stoxx 600 are at 4-week highs while 16 stocks are at 4-week lows
  • 7 stocks in the Euro Stoxx 600 are overbought while 11 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 18.11 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.586% against the USD$ to 1.1494
  • GBP£ is currently up +0.511% against the USD$ to 1.3166
  • CHF is currently up +0.712% against the USD$ to 1.0046

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.2 basis points to 0.446%
  • German 10-Year Bunds are lower with yields up 1.2 basis points to 0.446%
  • French 10-Year Government Bonds are lower with yields up 0.8 basis points to 0.809%
  • UK 10-Year GILTs are lower with yields up 0.3 basis points to 1.542%
  • Italian 10-Year Government Bonds are higher with yields down -7.3 basis points to 3.324%
  • Spanish 10-Year Government Bonds are higher with yields down -0.2 basis points to 1.582%

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Koninklijke Ahold Delhaize NV Consumer Staples 21.6 5.82%               7,011,815
Fresenius SE & Co KGaA Health Care 55.9 3.52%               1,856,879
Banco Santander SA Financials 4.34 3.04%            23,835,268
Industria de Diseno Textil SA Consumer Discretionary 25.8 2.92%            10,230,693
Engie SA Utilities 12.36 2.75%               2,579,325
 
Underperformers Sector Price 1D % Chg Volume
Bayerische Motoren Werke AG Consumer Discretionary 75.4 -2.00%               1,208,035
adidas AG Consumer Discretionary 202 -1.80%                  851,289
Munich Re Financials 190 -0.47%                  203,445
ASML Holding NV Information Technology 155 0.22%                  525,740
Unibail-Rodamco-Westfield Real Estate 159 0.25%                     97,628