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European stocks higher on trade talk optimism

Nov 13, 2018

 

 

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

European Markets

  • European stocks are advancing this morning on hopes for progress in the trade dispute between the US and China as local press in China is reporting Vice Premier Liu He will visit the US to pave the way for further talks between the countries' leaders
  • The Euro Stoxx 600 is currently up +0.44%, the FTSE 100 is higher by +0.21%, the DAX has advanced +0.77%, and the CAC 40 has risen +0.4%
  • Better than expected earnings from mega-cap names like Vodafone (LSE:VOD) is bouying investor sentiment across the region
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.88x
  • Telecommunications (+2.12%), Travel & Leisure (+1.24%), and Industrial Goods & Services (+1.06%) stocks are the top performers in the Euro Stoxx 600 today
  • Oil & Gas (-1.44%), Utilities (-0.44%), and Food & Beverage (+0.1%) stocks are the worst performers in the Euro Stoxx 600 today
  • 75 stocks in the Euro Stoxx 600 are at 4-week highs while 28 stocks are at 4-week lows
  • 14 stocks in the Euro Stoxx 600 are overbought while 29 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 17.86 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.276% against the USD$ to 1.1249
  • GBP£ is currently up +0.537% against the USD$ to 1.2918
  • CHF is currently little changed against the USD$ at 0.9902

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.1 basis points to 0.399%
  • German 10-Year Bunds are lower with yields up 0.1 basis points to 0.399%
  • French 10-Year Government Bonds are higher with yields down -0.2 basis points to 0.779%
  • UK 10-Year GILTs are lower with yields up 2.3 basis points to 1.475%
  • Italian 10-Year Government Bonds are lower with yields up 2.5 basis points to 3.463%
  • Spanish 10-Year Government Bonds are lower with yields up 0.6 basis points to 1.607%

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
BASF SE Materials 69.2 2.26%               1,286,183
adidas AG Consumer Discretionary 205 1.49%                  256,822
Intesa Sanpaolo SpA Financials 2 1.47%            51,081,039
ASML Holding NV Information Technology 151 1.46%                  520,872
Schneider Electric SE Industrials 63.70 1.43%                  521,767
 
Underperformers Sector Price 1D % Chg Volume
Eni SpA Energy 15.2 -2.00%               5,622,907
TOTAL SA Energy 49.7 -1.01%               2,715,644
Fresenius SE & Co KGaA Health Care 52 -0.95%                  872,613
Engie SA Utilities 12.5 -0.84%               1,670,645
Enel SpA Utilities 4.46 -0.36%               7,209,460