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European stocks are lower, off session lows, in wake of Fed hike

Dec 20, 2018

 

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

European Markets

  • European stocks are declining to end the week but are bouncing off earlier morning session lows as traders digest future interest rate hikes
  • The Bank of England did not raise interest rates, saying the uncertainty around Brexit is intensifying
  • The European Union is investigating banks' trading in US dollar national and supranational bonds, alleging they exchanged "commercially sensitive information and coordinated on prices" without mentioning which banks, press reports say Credit Suisse and Deutsche Bank are targets of the probe
  • The Euro Stoxx 600 is currently down -0.77%, the FTSE 100 has declined -0.14%, the DAX has fallen -0.85%, and the CAC 40 is lower by -1.21%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.26x
  • Personal & Household Goods (+0.13%), Utilities (+0.07%), and Health Care (-0.11%) stocks are the top performers in the Euro Stoxx 600 today
  • Basic Resources (-2.7%), Oil & Gas (-1.67%), and Banks (-1.38%) stocks are the worst performers in the Euro Stoxx 600 today
  • 17 stocks in the Euro Stoxx 600 are at 4-week highs while 112 stocks are at 4-week lows
  • 8 stocks in the Euro Stoxx 600 are overbought while 51 stocks are oversold according to the 16-day RSI Measure

What is Going on with European Currencies?

  • EUR€ is currently up +0.738% against the USD$ to 1.146
  • GBP£ is currently up +0.555% against the USD$ to 1.268
  • CHF is currently up +0.587% against the USD$ to 1.0113

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1 basis points to 0.229%
  • German 10-Year Bunds are higher with yields down -1 basis points to 0.229%
  • French 10-Year Government Bonds are higher with yields down -2 basis points to 0.684%
  • UK 10-Year GILTs are higher with yields down -2 basis points to 1.254%
  • Italian 10-Year Government Bonds are higher with yields down -1.8 basis points to 2.754%
  • Spanish 10-Year Government Bonds are lower with yields up 0.3 basis points to 1.381%

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Iberdrola SA Consumer Staples 7.09 0.51%            25,985,839
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 253 0.42%                  287,539
Unilever NV Information Technology 48.1 0.41%               1,783,614
EssilorLuxottica SA Consumer Staples 110 0.23%                  291,456
L'Oreal SA Health Care 203 0.15%                  181,967
 
Underperformers Sector Price 1D % Chg Volume
Airbus SE Industrials 82.2 -5.45%               1,652,631
Industria de Diseno Textil SA Materials 23.1 -3.39%               2,392,880
ING Groep NV Consumer Discretionary 9.54 -3.20%            10,181,136
ASML Holding NV Health Care 137 -2.67%                  922,541
Koninklijke Philips NV Financials 31.2 -2.20%                  991,978