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European stocks lower with retail profit warning weighing on sentiment

Dec 17, 2018

 

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

European Markets

  • European stocks are declining to start the week and trading at session lows as a profit warning from Asos Plc (AIM: ASC) is spooking retail stocks
  • Italy's Prime Minister and its populist parties have formally agreed to a revised budget proposal with a 2.04% deficit to submit to the EU
  • In the wake of UK Prime Minister Thersesa May's meetings with European leaders, the EU said the UK should not expect any further meetings to discuss Brexit
  • The Euro Stoxx 600 is currently down -0.59%, the FTSE 100 has declined -0.44%, the DAX has fallen -0.48%, and the CAC 40 is lower by -0.6%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.38x
  • Basic Resources (+0.99%), Telecommunications (+0.6%), and Utilities (+0.35%) stocks are the top performers in the Euro Stoxx 600 today
  • Retail (-2.34%), Technology (-1.33%), and Travel & Leisure (-1.07%) stocks are the worst performers in the Euro Stoxx 600 today
  • 25 stocks in the Euro Stoxx 600 are at 4-week highs while 88 stocks are at 4-week lows
  • 13 stocks in the Euro Stoxx 600 are overbought while 34 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is moving little changed this morning and is currently at 19.91 after closing at 19.16 last week
     

What is Going on with European Currencies?

  • EUR€ is currently up +0.389% against the USD$ to 1.135
  • GBP£ is currently up +0.437% against the USD$ to 1.2638
  • CHF is currently up +0.459% against the USD$ to 1.0064

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are flat with yields little changed 0 basis points to 0.252%
  • German 10-Year Bunds are flat with yields little changed 0 basis points to 0.252%
  • French 10-Year Government Bonds are lower with yields up 0.9 basis points to 0.721%
  • UK 10-Year GILTs are lower with yields up 3.1 basis points to 1.271%
  • Italian 10-Year Government Bonds are lower with yields up 0.8 basis points to 2.947%
  • Spanish 10-Year Government Bonds are higher with yields down -1.9 basis points to 1.393%

 

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Linde PLC Real Estate 141 1.64%                  252,509
Iberdrola SA Consumer Staples 7.12 1.31%               4,373,377
Deutsche Telekom AG Financials 15.3 1.29%               3,683,260
Telefonica SA Financials 7.87 1.09%            20,787,096
Enel SpA Industrials 5.06 0.96% 6,776,333
 
Underperformers Sector Price 1D % Chg Volume
adidas AG Financials 189 -3.48%                  731,555
Industria de Diseno Textil SA Materials 23.8 -3.05%               2,814,067
Koninklijke Philips NV Financials 31.8 -2.08%               1,004,086
ING Groep NV Consumer Discretionary 10 -1.86%               3,984,895
Anheuser-Busch InBev SA/NV Energy 61.3 -1.62%                  482,586