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European stocks trading lower, caught in global downdraft caused by Apple's (AAPL) guidance cut

Jan 03, 2019

 

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

European Markets

  • European stocks are lower today, caught in the global downdraft of selling brought on by Apple's guidance cut
  • Negative guidance from Apple (AAPL) rattles investors and global stock markets with tech stocks plunging globally 
  • The Euro Stoxx 600 is currently down -0.88%, the FTSE 100 has declined -0.56%, the DAX has fallen -1.47%, and the CAC 40 is lower by -1.37%
  • The EU made clear again today that Brexit will not be renegotiated and there will be no further EU-UK meetings to discuss Brexit
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.35x
  • Telecommunications (+0.37%), Food & Beverage (0%), and Utilities (-0.17%) stocks are the top performers in the Euro Stoxx 600 today
  • Technology (-3.7%), Basic Resources (-1.57%), and Industrial Goods & Services (-1.56%) stocks are the worst performers in the Euro Stoxx 600 today
  • 18 stocks in the Euro Stoxx 600 are at 4-week highs while 102 stocks are at 4-week lows
  • 2 stocks in the Euro Stoxx 600 are overbought while 26 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is  moving down this morning and is currently at 23.61 after closing at 23.39 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1347
  • GBP£ is currently down -0.42% against the USD$ to 1.2554
  • CHF is currently little changed against the USD$ at 1.0111

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.6 basis points to 0.181%
  • German 10-Year Bunds are lower with yields up 1.6 basis points to 0.181%
  • French 10-Year Government Bonds are lower with yields up 1.8 basis points to 0.669%
  • UK 10-Year GILTs are lower with yields up 2.5 basis points to 1.234%
  • Italian 10-Year Government Bonds are lower with yields up 15 basis points to 2.842%
  • Spanish 10-Year Government Bonds are lower with yields up 3.4 basis points to 1.435%

 

 

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Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Telefonica SA Financials 7.49 1.01%               8,706,688
Anheuser-Busch InBev SA/NV Energy 58 0.56%                  616,261
Banco Santander SA Health Care 4.01 0.54%            10,780,423
Eni SpA Utilities 13.9 0.28%               4,073,052
Deutsche Telekom AG Financials 14.9 0.17%               3,723,979
 
Underperformers Sector Price 1D % Chg Volume
ASML Holding NV Health Care 132 -4.63%                  769,480
Kering SA Consumer Staples 387 -4.32%                  149,115
Koninklijke Philips NV Financials 29.4 -3.78%               1,348,099
Amadeus IT Group SA Materials 59.3 -3.74%               1,178,286
SAP SE Industrials 84.4 -3.21%               1,067,513

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