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European stocks higher with tepid gains as trade tensions persist

Nov 19, 2018

 

 

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

Market data below as of 8am EST

European Markets

  • European stocks are higher this morning as any rally in European stocks is capped by negative news surrounding Renault (ENXTPA:RNO) and concerns US-China trade tensions could escalate
  • Luigi Di Maio, the Deputy Premier of the Italian Coalition government, suggests the Italian government is open to dialog with the EU
  • The Euro Stoxx 600 is currently up +0.12%, the FTSE 100 is higher by +0.48%, the DAX has fallen -0.06%, and the CAC 40 has risen +0.07%
  • Barclays stocks strategists are arguing that they don’t see any material reason that US stocks outperformance of European stocks will change in CY2-0018 though caution against the impact of a slowdown in US EPS growth and its impact on global stock valuations
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.49x
  • Media (+0.61%), Telecommunications (+0.47%), and Construction & Materials (+0.39%) stocks are the top performers in the Euro Stoxx 600 today
  • Oil & Gas (-0.38%), Personal & Household Goods (-0.2%), and Financial Services (-0.13%) stocks are the worst performers in the Euro Stoxx 600 today
  • 35 stocks in the Euro Stoxx 600 are at 4-week highs while 60 stocks are at 4-week lows
  • 11 stocks in the Euro Stoxx 600 are overbought while 39 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is down 0.49 points today at 17.57 after closing at 18.07 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1425
  • GBP£ is currently little changed against the USD$ at 1.2826
  • CHF is currently up +0.32% against the USD$ to 1.0034

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.6 basis points to 0.383%
  • German 10-Year Bunds are lower with yields up 1.6 basis points to 0.383%
  • French 10-Year Government Bonds are lower with yields up 1.8 basis points to 0.782%
  • UK 10-Year GILTs are higher with yields down -1.6 basis points to 1.396%
  • Italian 10-Year Government Bonds are lower with yields up 2.4 basis points to 3.Global stocks are mixed this morning as the rally in European stocks is capped by negative news surrounding Renault (ENXTPA:RNO) while US stocks index futures are dropping on concerns that  US-China trade tensions could escalate  515%
  • Spanish 10-Year Government Bonds are lower with yields up 0.8 basis points to 1.644%

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Enel SpA Utilities 4.56 1.38%            10,394,150
Bayerische Motoren Werke AG Consumer Discretionary 74.7 1.29%                  572,353
Intesa Sanpaolo SpA Financials 1.94 1.21%            39,487,078
E.ON SE Utilities 9.23 1.10%               3,024,269
Vinci SA Industrials 77.92 1.09%                  269,771
 
Underperformers Sector Price 1D % Chg Volume
Fresenius SE & Co KGaA Health Care 52.1 -1.74%                  698,209
Industria de Diseno Textil SA Consumer Discretionary 25.4 -0.90%                  501,342
Eni SpA Energy 14.8 -0.75%               3,052,727
Siemens AG Industrials 101 -0.75%                  541,720
Deutsche Bank AG Financials 8.54 -0.74%               3,584,663