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European stocks fall on growth concerns after Draghi comments, weak China data

Dec 14, 2018

 

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

European Markets

  • European stocks are declining to start the day as investors digest comment by European Central Bank (ECB) Head Mario Draghi about a slowdown in global growth and decelerating economic data in China  
  • The Ifo-Institute, a leading German economic institute, projects lower growth of the German economy in 2019 with a projected GDP growth rate of 1.1%, the previous estimate was 1.9%
  • The FTSE 100 is now trading at a 2-year low as the uncertainty about whether UK Prime Minister Theresa May can get support for her BREXIT proposal plagues investor sentiment
  • UK stock funds have seen a record USD$9.8 billion in outflows in 2018 amid Brexit turmoil
  • The Euro Stoxx 600 is currently down -0.83%, the FTSE 100 has declined -0.7%, the DAX has fallen -0.82%, and the CAC 40 is lower by -0.98%
  • European auto stocks are dropping following a report showing a sharp drop in new car registrations in November
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.2x
  • Media (+0.19%), Travel & Leisure (-0.07%), and Oil & Gas (-0.08%) stocks are the top performers in the Euro Stoxx 600 today
  • Basic Resources (-1.62%), Banks (-1.37%), and Technology (-1.35%) stocks are the worst performers in the Euro Stoxx 600 today
  • 53 stocks in the Euro Stoxx 600 are at 4-week highs while 30 stocks are at 4-week lows
  • 12 stocks in the Euro Stoxx 600 are overbought while 32 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 19.91 after closing at 19.18 yesterday
     

What is Going on with European Currencies?

  • EUR€ is currently down -0.643% against the USD$ to 1.1288
  • GBP£ is currently down -0.656% against the USD$ to 1.256
  • CHF is currently down -0.348% against the USD$ to 1.0026
     

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -2.3 basis points to 0.262%
  • German 10-Year Bunds are higher with yields down -2.3 basis points to 0.262%
  • French 10-Year Government Bonds are higher with yields down -2.4 basis points to 0.708%
  • UK 10-Year GILTs are higher with yields down -2.8 basis points to 1.261%
  • Italian 10-Year Government Bonds are lower with yields up 2.1 basis points to 2.977%
  • Spanish 10-Year Government Bonds are higher with yields down -1.8 basis points to 1.406%

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
TOTAL SA Consumer Discretionary 49.1 0.38%               2,376,351
Koninklijke Ahold Delhaize NV Consumer Discretionary 22.4 0.09%               1,222,767
Danone SA Financials 64.4 0.05%                  514,284
Daimler AG Consumer Staples 47.5 -0.02%               2,765,566
Deutsche Telekom AG Financials 15.1 -0.07%               4,370,337
 
Underperformers Sector Price 1D % Chg Volume
Schneider Electric SE Industrials 61.2 -2.71%                  685,281
BNP Paribas SA Financials 41.2 -2.41%               1,587,285
Societe Generale SA Energy 29.8 -2.21%               1,305,536
Banco Bilbao Vizcaya Argentaria SA Information Technology 4.64 -2.12%               8,161,856
Amadeus IT Group SA Materials 62.2 -2.08%                  220,209