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European stocks drift higher with light volume on President Trump's trade tweet

Dec 31, 2018

 

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

European Markets

  • European stocks are advancing on the last day of the trading year following US President Donald Trump’s tweet that US-China negotiations are proceeding well
  • The FTSE100 ended the year 12% down, its worst year since 2008
  • The Euro Stoxx 600 is currently up +0.33%, the FTSE 100 has declined -0.06%, the DAX has advanced +1.71%, and the CAC 40 has risen +0.94%
  • Emerging Markets ETFs experienced their 11th straight week of inflows with USD$300.9 million flowing into emerging markets stocks ETFS
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.61x
  • Basic Resources (+0.85%), Travel & Leisure (+0.7%), and Retail (+0.64%) stocks are the top performers in the Euro Stoxx 600 today
  • Telecommunications (+0.08%), Health Care (+0.09%), and Banks (+0.19%) stocks are the worst performers in the Euro Stoxx 600 today
  • 4 stocks in the Euro Stoxx 600 are at 4-week highs while 26 stocks are at 4-week lows
  • 3 stocks in the Euro Stoxx 600 are overbought while 37 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, did not trade today

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1456
  • GBP£ is currently up +0.575% against the USD$ to 1.2772
  • CHF is currently little changed against the USD$ at 1.0169

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.1 basis points to 0.242%
  • German 10-Year Bunds are lower with yields up 1.1 basis points to 0.242%
  • French 10-Year Government Bonds are lower with yields up 1.5 basis points to 0.71%
  • UK 10-Year GILTs are lower with yields up 3.9 basis points to 1.309%
  • Italian 10-Year Government Bonds are higher with yields down -0.6 basis points to 2.742%
  • Spanish 10-Year Government Bonds are lower with yields up 3 basis points to 1.416%
     

 

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Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Deutsche Bank AG Financials 6.967 3.21% 9,429,341.00
Bayer AG Health Care 60.56 2.37% 2,286,927.00
Munich Re Financials 190.55 2.31% 383,742.00
Allianz SE Financials 175.14 1.73% 792,046.00
Fresenius SE & Co KGaA Health Care 42.38 1.70% 921,706.00
 
Underperformers Sector Price 1D % Chg Volume
CRH PLC Materials 23.1 -0.56% 254,025.00
Telefonica SA Telecommunication Services 7.36 -0.26% 2,997,307.00
Societe Generale SA Financials 27.79 -0.07% 533,987.00
Airbus SE Industrials 83.85 -0.04% 235,068.00
Intesa Sanpaolo SpA Financials 1.9398 0.00% 101,908,177.00

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