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European stocks moving up as Italy appears open to budget revisions with EU

Nov 21, 2018

 

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

Market data as of 8am

European Markets

  • European  stocks are rebounding to start the morning as stocks steady following the rout in global stocks 
  • Sentiment in Europe is improving following rumors that the Italian coalition government is open to revisions to its CY2019 budget with the EU taking the first steps to imposing a fine on Italy
  • The Euro Stoxx 600 is currently up +0.37%, the FTSE 100 is higher by +0.71%, the DAX has advanced +0.64%, and the CAC 40 has risen +0.32%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.08x
  • Telecommunications (+1.08%), Banks (+0.85%), and Basic Resources (+0.78%) stocks are the top performers in the Euro Stoxx 600 today
  • Health Care (-0.15%), Food & Beverage (-0.13%), and Financial Services (-0.03%) stocks are the worst performers in the Euro Stoxx 600 today
  • 19 stocks in the Euro Stoxx 600 are at 4-week highs while 200 stocks are at 4-week lows
  • 9 stocks in the Euro Stoxx 600 are overbought while 108 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is higher this morning and is currently at 18.64 after closing at 19.96 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.325% against the USD$ to 1.1407
  • GBP£ is currently little changed against the USD$ at 1.2807
  • CHF is currently little changed against the USD$ at 1.0065

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 2.2 basis points to 0.372%
  • German 10-Year Bunds are lower with yields up 2.2 basis points to 0.372%
  • French 10-Year Government Bonds are lower with yields up 1.1 basis points to 0.769%
  • UK 10-Year GILTs are lower with yields up 1.5 basis points to 1.398%
  • Italian 10-Year Government Bonds are higher with yields down -14.4 basis points to 3.473%
  • Spanish 10-Year Government Bonds are higher with yields down -1.8 basis points to 1.629%

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Volkswagen AG Consumer Discretionary 149 2.02%                  511,572
Intesa Sanpaolo SpA Financials 1.92 1.93%            73,184,509
Orange SA Telecommunication Services 14.8 1.93%               3,675,130
Koninklijke Ahold Delhaize NV Consumer Staples 22.7 1.50%               2,430,291
ASML Holding NV Information Technology 143.88 1.46%                  817,501
 
Underperformers Sector Price 1D % Chg Volume
E.ON SE Utilities 9.18 -0.53%                  413,321
CRH PLC Materials 21.33 -0.33%                  543,223
Deutsche Post AG Industrials 27.85 -0.32%                  990,980
AXA SA Financials 21.15 -0.31%               2,324,816
Sanofi Health Care 78.7 -0.22%                  710,112