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European stocks falling on weak German GDP data and sharp oil price decline

Nov 14, 2018

 

 

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

Market data as of 7:45am

European Markets

  • European stocks are trading lower today with the oil price rout, weak German GDP data and a mixed bag of data from China fueling the risk off sentiment
  • GDP for Germany contracted 0.2% Q/Q in 3Q, the first contraction since early CY2015 as the impact of new emissions tests disrupted auto production 
  • UK Prime Minister Theresa May is struggling to convince members of the UK Parliament to support her BREXIT deal
  • GDP for the Eurozone grew +0.2% Q/Q in 3Q, in-line with market forecasts and at the same pace as 2Q  
  • Italian stocks (and bonds!) are dropping this morning following news that the “populist” Italian government is refusing to budge on their CY2019 budget amidst rising pressure from EU officials
  • The Euro Stoxx 600 is currently down -0.38%, the FTSE 100 is higher by +0.03%, the DAX has fallen -0.28%, and the CAC 40 is lower by -0.41%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.77x
  • Automobiles & Parts (+1.31%), Real Estate (+1.22%), and Utilities (+0.85%) stocks are the top performers in the Euro Stoxx 600 today
  • Basic Resources (-2.35%), Industrial Goods & Services (-1.03%), and Chemicals (-0.99%) stocks are the worst performers in the Euro Stoxx 600 today
  • 56 stocks in the Euro Stoxx 600 are at 4-week highs while 53 stocks are at 4-week lows
  • 16 stocks in the Euro Stoxx 600 are overbought while 27 stocks are oversold according to the 16-day RSI Measure

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1276
  • GBP£ is currently down -0.285% against the USD$ to 1.294
  • CHF is currently down -0.262% against the USD$ to 0.9904

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1.6 basis points to 0.393%
  • German 10-Year Bunds are higher with yields down -1.6 basis points to 0.393%
  • French 10-Year Government Bonds are higher with yields down -1 basis points to 0.776%
  • UK 10-Year GILTs are higher with yields down -3.4 basis points to 1.487%
  • Italian 10-Year Government Bonds are lower with yields up 3.4 basis points to 3.48%
  • Spanish 10-Year Government Bonds are lower with yields up 0.2 basis points to 1.608%

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
E.ON SE Utilities 9.00 3.69%               7,998,643
Bayerische Motoren Werke AG Consumer Discretionary 75.5 2.21%               1,049,876
Fresenius SE & Co KGaA Health Care 52.8 1.46%                  718,435
Daimler AG Consumer Discretionary 52.6 1.45%               1,600,742
Iberdrola SA Utilities 6.70 1.42%               4,567,832
 
Underperformers Sector Price 1D % Chg Volume
Eni SpA Energy 14.8 -2.36%               8,512,560
Bayer AG Health Care 65.2 -2.09%               1,503,168
Allianz SE Financials 191 -1.50%                             6,556,977
Intesa Sanpaolo SpA Financials 1.97 -1.47%                     133,600
Industria de Diseno Textil SA Consumer Discretionary 25.7 -1.38%               2,249,393