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European stocks mixed, strong tech results offset by trade tension

Nov 28, 2018

 

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

European Markets

  • European stocks are mixed this morning ahead of the G20 Summit in Argentina where the markets are looking for direction in the US/China trade dispute
  • The Euro Stoxx 600 is currently up +0.14%, the FTSE 100 has declined -0.25%, the DAX has advanced +0.07%, and the CAC 40 has risen +0.19%
  • European tech stocks have caught a bid following a better than expected revenue forecast from Salesforces.com (CRM) 
  • FIS Group, with nearly 10% of its USD$10 billion in AUM allocated to emerging markets, is out recommending investors consider Russian stocks over Saudi Arabian stocks
  • UK Prime Minister May is backing away from using a tactic that would have prevented Parliment from changing the terms of her Brexit proposal
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.8x
  • Retail (+1.19%), Technology (+0.81%), and Basic Resources (+0.79%) stocks are the top performers in the Euro Stoxx 600 today
  • Food & Beverage (-0.46%), Automobiles & Parts (-0.44%), and Utilities (-0.41%) stocks are the worst performers in the Euro Stoxx 600 today
  • 60 stocks in the Euro Stoxx 600 are at 4-week highs while 55 stocks are at 4-week lows
  • 13 stocks in the Euro Stoxx 600 are overbought while 35 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 18.34 after closing at 18.86 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1283
  • GBP£ is currently up +0.384% against the USD$ to 1.2796
  • CHF is currently little changed against the USD$ at 1.0008

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.8 basis points to 0.342%
  • German 10-Year Bunds are higher with yields down -0.8 basis points to 0.342%
  • French 10-Year Government Bonds are higher with yields down -0.7 basis points to 0.724%
  • UK 10-Year GILTs are higher with yields down -1.8 basis points to 1.374%
  • Italian 10-Year Government Bonds are higher with yields down -3.8 basis points to 3.251%
  • Spanish 10-Year Government Bonds are higher with yields down -0.6 basis points to 1.548%

 

 

 

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 27.5 2.34%               5,499,572
ASML Holding NV Information Technology 151 1.49%                  620,927
Bayer AG Health Care 64.6 1.43%               1,067,131
Fresenius SE & Co KGaA Health Care 50.3 1.41%                  858,125
Telefonica SA Telecommunication Services 7.8 1.35%            28,473,122
 
Underperformers Sector Price 1D % Chg Volume
Danone SA Consumer Staples 65.1 -2.26%                  980,055
Koninklijke Philips NV Health Care 32.6 -1.46%               1,959,640
Munich Re Financials 194 -0.94%                  442,773
Deutsche Bank AG Financials 8.62 -0.82%               3,595,386
Deutsche Post AG Industrials 28.5 -0.73%                  850,874