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European stocks rallying on Brexit deal, lower Italian budget deficit

Nov 26, 2018

 

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

Market data as of 745am

European Markets

  • European stocks are advancing this morning, on pace for the biggest gain this month following news that the EU has agreed to a negotiated BREXIT deal and the Italian coalition government suggests it is willing to negotiate with the EU over its CY2019 budget deficit target 
  • The Euro Stoxx 600 is currently up +1.08%, the FTSE 100 is higher by +0.93%, the DAX has advanced +1.27%, and the CAC 40 has risen +1.07%
  • The Italian coalition government is signaling that its CY2019 budget deficit is flexible and it is willing to negotiate with EU officials 
  • Credit default swaps for European investment grade and high-yield bonds are dropping off 2-year highs hit last week
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 5.06x
  • Banks (+2.56%), Automobiles & Parts (+2.23%), and Insurance (+1.9%) stocks are the top performers in the Euro Stoxx 600 today
  • Food & Beverage (-0.03%), Personal & Household Goods (-0.03%), and Health Care (+0.21%) stocks are the worst performers in the Euro Stoxx 600 today
  • 12 stocks in the Euro Stoxx 600 are at 4-week highs while 97 stocks are at 4-week lows
  • 7 stocks in the Euro Stoxx 600 are overbought while 64 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 18.40 after closing at 18.97 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.247% against the USD$ to 1.1366
  • GBP£ is currently up +0.304% against the USD$ to 1.2853
  • CHF is currently little changed against the USD$ at 1.0034

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 2 basis points to 0.36%
  • German 10-Year Bunds are lower with yields up 2 basis points to 0.36%
  • French 10-Year Government Bonds are lower with yields up 1.2 basis points to 0.733%
  • UK 10-Year GILTs are lower with yields up 2 basis points to 1.401%
  • Italian 10-Year Government Bonds are higher with yields down -16.5 basis points to 3.242%
  • Spanish 10-Year Government Bonds are higher with yields down -5.4 basis points to 1.578%

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Intesa Sanpaolo SpA Financials 2.06 5.32%          103,288,690
Cie de Saint-Gobain Industrials 33.3 4.69%               1,435,214
Deutsche Bank AG Financials 8.44 3.32%               6,153,075
Allianz SE Financials 190 2.82%                  471,748
Societe Generale SA Financials 33.42 2.75%               1,321,921
 
Underperformers Sector Price 1D % Chg Volume
adidas AG Consumer Discretionary 201 -0.74%                  180,856
Deutsche Telekom AG Telecommunication Services 15.1 -0.72%               4,184,968
Unilever NV Consumer Staples 48.6 -0.58%               1,009,979
Sanofi Health Care 79.1 -0.57%                  502,939
Anheuser-Busch InBev SA/NV Consumer Staples 66.9 -0.55%                  519,166