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European stocks lower as euphoria evaporates amid post-G20 confusion

Dec 04, 2018

 

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

European Markets

  • European stocks are declining as the euphoria from yesterday turns to confusion about the outcome of US-China trade negotiations
  • Strategists at Societe Generale are suggesting that European value stocks will outperform their US counterparts after structurally underperforming in CY2018
  • The Euro Stoxx 600 is currently down -0.52%, the FTSE 100 has declined -0.69%, the DAX has fallen -0.72%, and the CAC 40 is lower by -0.68%
  • A non-binding ruling from Europe's top court says that UK should be able to reverse Brexit if it so chooses
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.42x
  • Food & Beverage (+0.58%), Real Estate (+0.09%), and Health Care (0%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (-2%), Travel & Leisure (-1.35%), and Banks (-1.18%) stocks are the worst performers in the Euro Stoxx 600 today
  • Auto stocks and chip stocks are major laggards this morning with both sectors viewed as most sensitive to trade war fears (autos) and China (semiconductors)
  • 112 stocks in the Euro Stoxx 600 are at 4-week highs while 33 stocks are at 4-week lows
  • 13 stocks in the Euro Stoxx 600 are overbought while 15 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 16.99 after closing at 16.91 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.343% against the USD$ to 1.1393
  • GBP£ is currently up +0.66% against the USD$ to 1.2809
  • CHF is currently up +0.269% against the USD$ to 1.0049

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1.8 basis points to 0.288%
  • German 10-Year Bunds are higher with yields down -1.8 basis points to 0.288%
  • French 10-Year Government Bonds are higher with yields down -0.1 basis points to 0.693%
  • UK 10-Year GILTs are lower with yields up 1.4 basis points to 1.327%
  • Italian 10-Year Government Bonds are lower with yields up 0.5 basis points to 3.15%
  • Spanish 10-Year Government Bonds are lower with yields up 0.8 basis points to 1.499%

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Linde PLC Real Estate 145 2.41%            365,111.00
Koninklijke Ahold Delhaize NV Consumer Discretionary 22.8 1.54%               1,778,857
Unilever NV Information Technology 49.3 0.79%               1,210,554
adidas AG Financials 199 0.73%                  210,046
Vinci SA Consumer Discretionary 75.9 0.64%                  461,077
 
Underperformers Sector Price 1D % Chg Volume
CRH PLC Telecommunication Services 24.2 -3.21%                  158,801
Volkswagen AG Consumer Staples 150 -2.21%                  346,141
Daimler AG Consumer Staples 50.8 -2.12%               1,170,338
Bayerische Motoren Werke AG Utilities 74.1 -2.09%                  794,708
AXA SA Health Care 21.2 -1.90%               2,176,770