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European shares lower as President Trump's tariff comment weighs on sentiment

Nov 27, 2018

 

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

Market data as of 7:45am EST

European Markets

  • European stocks are a bit lower mid-session as President Trump's threat to go ahead with tariff hikes on China is weighing on sentiment 
  • The Euro Stoxx 600 is currently down -0.37%, the FTSE 100 has declined -0.28%, the DAX has fallen -0.25%, and the CAC 40 is lower by -0.3%
  • Italian newspapers are speculating that the Italian coalition government target budget deficit for CY2019 will be reduced to 2.2% from 2.4% to appease pressure from the EU
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.59x
  • Utilities (+0.69%), Telecommunications (+0.37%), and Real Estate (+0.34%) stocks are the top performers in the Euro Stoxx 600 today
  • Basic Resources (-1.89%), Chemicals (-1.01%), and Health Care (-1%) stocks are the worst performers in the Euro Stoxx 600 today
  • 56 stocks in the Euro Stoxx 600 are at 4-week highs while 21 stocks are at 4-week lows
  • 8 stocks in the Euro Stoxx 600 are overbought while 25 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 18.86 after closing at 18.55 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1324
  • GBP£ is currently down -0.608% against the USD$ to 1.2749
  • CHF is currently little changed against the USD$ at 1.0009

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.9 basis points to 0.352%
  • German 10-Year Bunds are higher with yields down -0.9 basis points to 0.352%
  • French 10-Year Government Bonds are higher with yields down -0.7 basis points to 0.732%
  • UK 10-Year GILTs are higher with yields down -2.2 basis points to 1.388%
  • Italian 10-Year Government Bonds are higher with yields down -0.8 basis points to 3.261%
  • Spanish 10-Year Government Bonds are higher with yields down -3.3 basis points to 1.529%

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Industria de Diseno Textil SA Consumer Discretionary 27.2 2.52%               1,541,027
E.ON SE Utilities 9.22 1.11%               2,721,103
Iberdrola SA Utilities 6.77 0.98%               3,889,733
Unilever NV Consumer Staples 48.8 0.89%               1,142,805
Danone SA Consumer Staples 66.39 0.86%                  512,056
 
Underperformers Sector Price 1D % Chg Volume
Banco Bilbao Vizcaya Argentaria SA Financials 4.93 -3.09%            18,514,005
BASF SE Materials 65.1 -1.63%               1,006,001
CRH PLC Materials 24.3 -1.02%                     97,115
Schneider Electric SE Industrials 63 -0.97%                  444,552
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 254 -0.84%                  134,694