Early gains give way to losses for European stocks as bump from Chinese stimulus announcement fades
Jan 15, 2019
*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio
European Markets
- German GDP Growth expanded 1.5% in CY2018, the slowest pace in 5 years and compares to 2.2% growth in CY2017
- The Euro Stoxx 600 is currently down -0.03%, the FTSE 100 is higher by +0.09%, the DAX has fallen -0.24%, and the CAC 40 is lower by -0.07%
- Members of Parliament was expected to vote down UK Prime Minister Theresa May’s BREXIT plan later today (in the evening London time)
- NYMEX gasoline crack spreads, a measure of profitability for US refiners, is trading at lowest levels in 3 years with rising domestic stockpiles weigh downstream products prices
- Chinese officials said that the Chinese government is considering tax cuts on a “large scale” to stimulate economic growth
- Investor sentiment for European stocks is neutral with the advance/decline ratio for the Euro Stoxx 600 currently at 1.11x
- Industrial Goods & Services (+0.52%), Basic Resources (+0.46%), and Financial Services (+0.34%) stocks are the top performers in the Euro Stoxx 600 today
- Telecommunications (-0.98%), Travel & Leisure (-0.6%), and Banks (-0.54%) stocks are the worst performers in the Euro Stoxx 600 today
- 50 stocks in the Euro Stoxx 600 are at 4-week highs while 26 stocks are at 4-week lows
- 7 stocks in the Euro Stoxx 600 are overbought while 2 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 0 after closing at 17.9 yesterday
What is Going on with European Currencies?
- EUR€ is currently down -0.375% against the USD$ to 1.1426
- GBP£ is currently down -0.194% against the USD$ to 1.2839
- CHF is currently down -0.52% against the USD$ to 1.0141
Highlights from the European Bond Market
- Generic Euro 10-Year Bonds are lower with yields up 2.9 basis points to 0.207%
- German 10-Year Bunds are higher with yields down -2.4 basis points to 0.207%
- French 10-Year Government Bonds are higher with yields down -1.4 basis points to 0.626%
- UK 10-Year GILTs are higher with yields down -2.4 basis points to 1.273%
- Italian 10-Year Government Bonds are lower with yields up 0.7 basis points to 2.85%
- Spanish 10-Year Government Bonds are higher with yields down -3.6 basis points to 1.383%
Euro Stoxx 50 Movers
In local currency.
On Mobile/Tablet scroll to the right.
Outperformers |
Sector |
Price |
1D % Chg |
Volume |
Airbus SE |
Industrials |
91.6 |
1.85% |
755,717 |
Amadeus IT Group SA |
Materials |
60.7 |
1.72% |
146,418 |
Deutsche Post AG |
Health Care |
25.3 |
1.53% |
2,700,894 |
Safran SA |
Industrials |
107 |
1.47% |
245,696 |
Volkswagen AG |
Consumer Staples |
146 |
1.05% |
665,226 |
Underperformers |
Sector |
Price |
1D % Chg |
Volume |
Intesa Sanpaolo SpA |
Industrials |
1.94 |
-1.98% |
87,238,513 |
Fresenius SE & Co KGaA |
Telecommunication Services |
42.7 |
-1.75% |
512,345 |
Unibail-Rodamco-Westfield |
Telecommunication Services |
142 |
-1.35% |
198,992 |
Orange SA |
Materials |
13.4 |
-1.33% |
2,916,724 |
Telefonica SA |
Financials |
7.54 |
-1.14% |
3,723,682 |
