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European stocks falling mid-session with weak earnings outlook, concerns on Chinese growth and a hawkish Fed weighing on markets

Nov 09, 2018

 

 

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

European Markets

  • European stocks are sliding in the last day of trading for the week amid growing concerns about a slowdown in Chinese economic growth, weak earnings outlooks from European companies and a hawkish US Fed 
  • Negative earnings revisions continue to plague European stocks with 7 straight weeks of negative earnings changes putting a ceiling on European stocks – according to EPFR, European stocks funds have experienced USD$56 billion in outflows for the year and USD$2.6 billion in outflows for the week ending November 7
  • The Euro Stoxx 600 is currently down -0.85%, the FTSE 100 has declined -0.94%, the DAX has fallen -0.87%, and the CAC 40 is lower by -1.11%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.39x
  • Food & Beverage (+0.61%), Real Estate (+0.18%), and Health Care (+0.03%) stocks are the top performers in the Euro Stoxx 600 today
  • Basic Resources (-3.43%), Automobiles & Parts (-2.45%), and Banks (-2.06%) stocks are the worst performers in the Euro Stoxx 600 today
  • 138 stocks in the Euro Stoxx 600 are at 4-week highs while 8 stocks are at 4-week lows
  • 22 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 15.88 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1352
  • GBP£ is currently down -0.314% against the USD$ to 1.3021
  • CHF is currently little changed against the USD$ at 0.9943

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -2.8 basis points to 0.429%
  • German 10-Year Bunds are higher with yields down -2.8 basis points to 0.429%
  • French 10-Year Government Bonds are higher with yields down -1.5 basis points to 0.807%
  • UK 10-Year GILTs are higher with yields down -3.3 basis points to 1.532%
  • Italian 10-Year Government Bonds are lower with yields up 3.9 basis points to 3.435%
  • Spanish 10-Year Government Bonds are higher with yields down -0.3 basis points to 1.605%

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Unilever NV Consumer Staples 48.4 1.36%               1,392,880
Danone SA Consumer Staples 64.2 1.36%                  512,090
Engie SA Utilities 12.4 0.98%               1,974,057
Sanofi Health Care 79.7 0.55%                  849,079
Koninklijke Ahold Delhaize NV Consumer Staples 22.22 0.50%               1,971,459
 
Underperformers Sector Price 1D % Chg Volume
Banco Bilbao Vizcaya Argentaria SA Financials 4.86 -6.82%            35,505,015
Volkswagen AG Consumer Discretionary 146 -3.77%                  723,535
Deutsche Bank AG Financials 8.9 -2.80%               4,711,380
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 264 -2.42%                  334,222
Banco Santander SA Financials 4.21 -2.38%            14,383,318