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European off earlier highs but holding as oil moves above $50

Nov 29, 2018

 

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

European Markets

  • European stocks are higher, though off earlier highs, as oil moves above $50 and UK's Theresa May raised the prospect of "no deal" on Brexit
  • The Euro Stoxx 600 is currently down -0.01%, the FTSE 100 is higher by +0.29%, the DAX has advanced +0.01%, and the CAC 40 has risen +0.32%
  • French stocks are outpacing their European peers today, a reversal of trends this month with the CAC40 underperforming the Euro Stoxx 50 by more than 1% and underperforming the German DAX by about 0.50% in November 
  • Jefferies downgrades French stocks to “modestly bullish” on expectations for tepid analyst revisions
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.53x
  • Technology (+0.84%), Industrial Goods & Services (+0.7%), and Basic Resources (+0.68%) stocks are the top performers in the Euro Stoxx 600 today
  • Real Estate (-1.08%), Banks (-0.73%), and Utilities (-0.7%) stocks are the worst performers in the Euro Stoxx 600 today
  • 61 stocks in the Euro Stoxx 600 are at 4-week highs while 61 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 up this morning and is currently at 18.69 after closing at 18.59 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1366
  • GBP£ is currently down -0.444% against the USD$ to 1.2768
  • CHF is currently down -0.169% against the USD$ to 1.0046

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1.8 basis points to 0.331%
  • German 10-Year Bunds are higher with yields down -1.8 basis points to 0.331%
  • French 10-Year Government Bonds are higher with yields down -1.6 basis points to 0.713%
  • UK 10-Year GILTs are higher with yields down -3.3 basis points to 1.344%
  • Italian 10-Year Government Bonds are higher with yields down -1.6 basis points to 3.24%
  • Spanish 10-Year Government Bonds are higher with yields down -2.9 basis points to 1.514%

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Safran SA Industrials 110 3.11%            725,420.00
CRH PLC Telecommunication Services 24.9 2.71%                  743,710
Vivendi SA Consumer Discretionary 22.4 1.82%               1,588,107
EssilorLuxottica SA Consumer Staples 109 1.53%                  363,402
AXA SA Health Care 21.6 1.17%               2,629,501
 
Underperformers Sector Price 1D % Chg Volume
Unibail-Rodamco-Westfield Telecommunication Services 153 -2.37%                  178,367
Bayerische Motoren Werke AG Utilities 72.6 -1.56%                  631,163
Intesa Sanpaolo SpA Industrials 2.03 -1.36%            73,153,382
Fresenius SE & Co KGaA Telecommunication Services 50.2 -1.34%                  418,581
ING Groep NV Consumer Discretionary 10.8 -1.34%               5,216,564