blog

Latest from the Quantamize Blog

European stocks fall in sympathy with global markets caught in wave of risk-off sentiment

Dec 21, 2018

 

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

European Markets

  • European stocks are lower as the global stock sell-off continues, risk-off sentiment rules the markets once again today 
  • The European Central Bank said the economy is solid, commenting "the recent slowdown in growth has not, in fact, called into question the fundamentals of the current economic expansion"
  • Volume on European markets is well above average today, with volume, overall, ~60% above average
  • The Euro Stoxx 600 is currently down -0.36%, the FTSE 100 has declined -0.35%, the DAX has fallen -0.34%, and the CAC 40 is lower by -0.52%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.71x
  • Basic Resources (+0.61%), Construction & Materials (+0.27%), and Financial Services (+0.23%) stocks are the top performers in the Euro Stoxx 600 today
  • Banks (-0.99%), Oil & Gas (-0.97%), and Telecommunications (-0.94%) stocks are the worst performers in the Euro Stoxx 600 today
  • 9 stocks in the Euro Stoxx 600 are at 4-week highs while 248 stocks are at 4-week lows
  • 5 stocks in the Euro Stoxx 600 are overbought while 94 stocks are oversold according to the 16-day RSI Measure

What is Going on with European Currencies?

  • EUR€ is currently down -0.341% against the USD$ to 1.1407
  • GBP£ is currently little changed against the USD$ at 1.2655
  • CHF is currently down -0.336% against the USD$ to 1.0087

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.9 basis points to 0.247%
  • German 10-Year Bunds are lower with yields up 1.9 basis points to 0.247%
  • French 10-Year Government Bonds are lower with yields up 1.8 basis points to 0.695%
  • UK 10-Year GILTs are lower with yields up 4.5 basis points to 1.311%
  • Italian 10-Year Government Bonds are lower with yields up 5.1 basis points to 2.789%
  • Spanish 10-Year Government Bonds are lower with yields up 0.5 basis points to 1.379%

 

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Fresenius SE & Co KGaA Telecommunication Services 42.05 2.96% 2,224,555
CRH PLC Telecommunication Services 22.5 2.79%                  852,033
Deutsche Post AG Health Care 24.1 1.43%               3,706,577
Amadeus IT Group SA Materials 59.9 1.29%                  484,807
Vivendi SA Consumer Discretionary 21.2 0.81%               2,973,010
 
Underperformers Sector Price 1D % Chg Volume
Unibail-Rodamco-Westfield Telecommunication Services 134 -2.59%                  763,066
Sanofi Consumer Discretionary 74.4 -2.32%               1,595,334
Intesa Sanpaolo SpA Industrials 1.91 -1.95%          119,295,278
Banco Santander SA Health Care 3.91 -1.77%            48,037,357
Banco Bilbao Vizcaya Argentaria SA Information Technology 4.58 -1.72%            27,093,737