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European stocks rallying, risk-on fueled by news of additional US-China trade talks, Chinese stimulus

Jan 04, 2019

 

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

European Markets

 

  • European stocks are rallying today on news that US and Chinese trade officials will meet next week for further negotiations
  • Chinese trade officials confirm that US Deputy Trade Representative Jeffrey Gerrish (and other trade officials) will meet his Chinese counterparts in Beijing next Monday
  • The People’s Bank of China (PBOC) announces it lowering its reserve ratio for banks by 0.5 points on January 15 and another 0.5 points on January 25 in an attempt to stimulate money supply -- currently stands at 14.5% 
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 10.32x
  • Basic Resources (+3.22%), Banks (+2.47%), and Automobiles & Parts (+2.28%) stocks are the top performers in the Euro Stoxx 600 today
  • Telecommunications (+0.32%), Food & Beverage (+0.8%), and Utilities (+0.81%) stocks are the worst performers in the Euro Stoxx 600 today
  • 19 stocks in the Euro Stoxx 600 are at 4-week highs while 85 stocks are at 4-week lows
  • 3 stocks in the Euro Stoxx 600 are overbought while 35 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 21.24 after closing at 23 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.184% against the USD$ to 1.1415
  • GBP£ is currently up +0.356% against the USD$ to 1.2673
  • CHF is currently little changed against the USD$ at 1.0137

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 2.7 basis points to 0.18%
  • German 10-Year Bunds are lower with yields up 2.7 basis points to 0.18%
  • French 10-Year Government Bonds are lower with yields up 2.1 basis points to 0.675%
  • UK 10-Year GILTs are lower with yields up 4.1 basis points to 1.235%
  • Italian 10-Year Government Bonds are lower with yields up 2.5 basis points to 2.885%
  • Spanish 10-Year Government Bonds are lower with yields up 2 basis points to 1.449%

 

 

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Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Bayer AG Information Technology 63.1 3.80%               1,569,457
Intesa Sanpaolo SpA Industrials 1.97 3.56%            49,209,028
CRH PLC Telecommunication Services 23.6 3.23%                  183,670
BASF SE Utilities 61.9 3.07%               1,067,218
Unibail-Rodamco-Westfield Telecommunication Services 137 2.91%                  214,473
 
Underperformers Sector Price 1D % Chg Volume
Koninklijke Ahold Delhaize NV Consumer Discretionary 22.1 -0.25%               1,091,507
Orange SA Materials 14.2 -0.11%               1,774,902
Unilever NV Information Technology 46.8 0.12%                  889,336
EssilorLuxottica SA Consumer Staples 110 0.23%                  242,513
Deutsche Telekom AG Financials 15 0.37%               2,901,603

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