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European stocks off earlier highs as weak German data implies weaker growth

Nov 23, 2018

 

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

Market data as of 8am

European Markets

  • European stocks are advancing on light volume today with decelerating growth in Germany suggesting a less hawkish stance by the European Central Bank (ECB) 
  • German Manufacturing and Services PMIs both came in weaker than expected, implying the weakest economic growth for the country in almost 4 years
  • The Euro Stoxx 600 is currently up +0.14%, the FTSE 100 has declined -0.07%, the DAX has advanced +0.12%, and the CAC 40 has risen +0.11%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.46x
  • Banks (+0.76%), Telecommunications (+0.82%), and Media (+0.51%) stocks are the top performers in the Euro Stoxx 600 today
  • Basic Resources (-1.93%), Oil & Gas (-1.44%), and Health Care (+0.22%) stocks are the worst performers in the Euro Stoxx 600 today
  • 17 stocks in the Euro Stoxx 600 are at 4-week highs while 73 stocks are at 4-week lows
  • 5 stocks in the Euro Stoxx 600 are overbought while 65 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is little changed this morning and is currently at 19.12 after closing at 19.29 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.421% against the USD$ to 1.1355
  • GBP£ is currently down -0.381% against the USD$ to 1.2828
  • CHF is currently down -0.159% against the USD$ to 1.0034
     

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1.5 basis points to 0.355%
  • German 10-Year Bunds are higher with yields down -1.5 basis points to 0.355%
  • French 10-Year Government Bonds are higher with yields down -1.9 basis points to 0.731%
  • UK 10-Year GILTs are higher with yields down -3.8 basis points to 1.39%
  • Italian 10-Year Government Bonds are higher with yields down -6.8 basis points to 3.386%
  • Spanish 10-Year Government Bonds are higher with yields down -0.2 basis points to 1.635

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Cie de Saint-Gobain Industrials 31.695 1.96% 647,802
Anheuser-Busch InBev SA/NV Consumer Staples 67.78 1.47% 535,787
Intesa Sanpaolo SpA Financials 1.9586 1.30% 46,511,443
Nokia OYJ Information Technology 4.83 0.79% 4,728,612
Deutsche Post AG Industrials 27.76 0.96% 936555
 
Underperformers Sector Price 1D % Chg Volume
Eni SpA Energy 14.102 -1.41% 5,737,278
TOTAL SA Energy 48.31 -1.49% 2,109,941
Fresenius SE & Co KGaA Health Care 48.22 -1.28% 830,227
Volkswagen AG Consumer Discretionary 150.92 -0.39% 449,613
Unilever NV Consumer Staples 48.695 -0.02% 1,014,239