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European stocks lower as doubts persist over progress at G20

Nov 30, 2018

 

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

European Markets

  • European stocks are declining to finish the month as optimism for a positive outcome from US-China trade talks at the G20 summit wanes
  • The Euro Stoxx 600 is currently down -0.51%, the FTSE 100 has declined -0.71%, the DAX has fallen -0.65%, and the CAC 40 is lower by -0.51%
  • Morgan Stanley published a report highlighting that UK stocks have trailed global peers in dollar terms since Brexit was annnounced in 2016 but that 2019 is the year investors should be overweight UK stocks
  • The Italian economy contracted 0.1% Q/Q in C3Q2018
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.29x
  • Health Care (+0.29%), Oil & Gas (+0.19%), and Telecommunications (+0.15%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (-1.8%), Real Estate (-1.57%), and Banks (-1.22%) stocks are the worst performers in the Euro Stoxx 600 today
  • 74 stocks in the Euro Stoxx 600 are at 4-week highs while 37 stocks are at 4-week lows
  • 16 stocks in the Euro Stoxx 600 are overbought while 24 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 18.82 after closing at 18.61 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1378
  • GBP£ is currently down -0.281% against the USD$ to 1.2755
  • CHF is currently little changed against the USD$ at 1.002

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.8 basis points to 0.313%
  • German 10-Year Bunds are higher with yields down -0.8 basis points to 0.313%
  • French 10-Year Government Bonds are higher with yields down -0.9 basis points to 0.689%
  • UK 10-Year GILTs are higher with yields down -2 basis points to 1.347%
  • Italian 10-Year Government Bonds are lower with yields up 1.6 basis points to 3.22%
  • Spanish 10-Year Government Bonds are flat with yields little changed 0 basis points to 1.508%
     

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Bayer AG Information Technology 64.8 1.76%         1,317,112.00
Anheuser-Busch InBev SA/NV Energy 68.1 1.38%                  510,015
Air Liquide SA Financials 106 1.30%                  270,790
Koninklijke Philips NV Financials 33.3 1.16%               1,028,035
TOTAL SA Consumer Discretionary 49 0.95%               1,689,220
 
Underperformers Sector Price 1D % Chg Volume
Daimler AG Consumer Staples 49 -3.20%               3,139,515
Unibail-Rodamco-Westfield Telecommunication Services 150 -2.68%                  244,946
Fresenius SE & Co KGaA Telecommunication Services 50.4 -2.41%                  399,198
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 251 -2.11%                  274,947
CRH PLC Telecommunication Services 24.3 -2.02%                  202,626