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European stocks follow Asia higher with risk-on driven by trade optimism

Jan 09, 2019

 

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

European Markets

  • European stocks are trading higher, following overnight strength in Asia, with risk-on sentiment being driven by trade optimism
  • UK Prime Minister Theresa May will spend the day trying to convince Parliament of the merits of her Brexit deal, there will be 5 days of deliberations before a January 15th vote  
  • The Euro Stoxx 600 is currently up +1.04%, the FTSE 100 is higher by +1.03%, the DAX has advanced +1.24%, and the CAC 40 has risen +1.33%
  • JP Morgan, in a strategy report, said the main challenge for the euro as it starts its third decade is to remain in existence as populist parties try to undermine it
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 4.31x
  • Automobiles & Parts (+3.61%), Basic Resources (+2.61%), and Technology (+2.45%) stocks are the top performers in the Euro Stoxx 600 today
  • Telecommunications (-1.16%), Real Estate (-0.23%), and Utilities (-0.05%) stocks are the worst performers in the Euro Stoxx 600 today
  • 204 stocks in the Euro Stoxx 600 are at 4-week highs while 11 stocks are at 4-week lows
  • 9 stocks in the Euro Stoxx 600 are overbought while 0 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 18.70 after closing at 19.48 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1454
  • GBP£ is currently up +0.173% against the USD$ to 1.2739
  • CHF is currently little changed against the USD$ at 1.02

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.1 basis points to 0.226%
  • German 10-Year Bunds are lower with yields up 5.8 basis points to 0.226%
  • French 10-Year Government Bonds are higher with yields down -1 basis points to 0.732%
  • UK 10-Year GILTs are lower with yields up 0.3 basis points to 1.253%
  • Italian 10-Year Government Bonds are higher with yields down -4 basis points to 2.914%
  • Spanish 10-Year Government Bonds are higher with yields down -0.9 basis points to 1.504%

 

 

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Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Daimler AG Consumer Staples 49.6 4.49%               3,118,548
Airbus SE Industrials 90.4 4.32%                  944,279
Kering SA Consumer Staples 427 4.04%                  163,623
ASML Holding NV Health Care 141 3.41%                  643,657
CRH PLC Telecommunication Services 24.7 3.26%                  635,999
 
Underperformers Sector Price 1D % Chg Volume
Deutsche Telekom AG Financials 14.6 -2.02%               7,747,342
Telefonica SA Financials 7.58 -1.42%               8,330,081
Orange SA Materials 13.6 -0.98%               5,345,279
Iberdrola SA Consumer Staples 6.89 -0.79%               6,930,489
Anheuser-Busch InBev SA/NV Energy 61.1 -0.57%                  852,655

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