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European stocks mixed midday ahead of no-confidence vote for UK Prime Minister Theresa May

Jan 16, 2019

 

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

European Markets

  • European stocks are mixed today in the wake of the Brexit vote defeat in the UK Parliament and ahead of a no-confidence vote later today
  • The Euro Stoxx 600 is currently up +0.28%, the FTSE 100 has declined -0.5%, the DAX has advanced 0%, and the CAC 40 has risen +0.25%
  • UK stocks are dropping after UK Prime Minister Theresa May’s BREXIT plan was voted down in the UK Parliament 
  • The Tories will be holding a no-confidence vote in UK Prime Minister Theresa May’s government later today 
  • According to Bank of America, institutional investors are the most underweight Eurozone stocks since 2012 -- according to the analysis, allocations to Eurozone strocks has been dropping since C4Q2017
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.63x
  • Insurance (+1.04%), Banks (+0.99%), and Retail (+0.91%) stocks are the top performers in the Euro Stoxx 600 today
  • Food & Beverage (-0.64%), Oil & Gas (-0.46%), and Telecommunications (-0.26%) stocks are the worst performers in the Euro Stoxx 600 today
  • 156 stocks in the Euro Stoxx 600 are at 4-week highs while 26 stocks are at 4-week lows
  • 8 stocks in the Euro Stoxx 600 are overbought while 3 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 16.93 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.254% against the USD$ to 1.1384
  • GBP£ is currently little changed against the USD$ at 1.2849
  • CHF is currently down -0.198% against the USD$ to 1.0103

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 2 basis points to 0.226%
  • German 10-Year Bunds are lower with yields up 2 basis points to 0.226%
  • French 10-Year Government Bonds are lower with yields up 1.1 basis points to 0.635%
  • UK 10-Year GILTs are lower with yields up 6.5 basis points to 1.323%
  • Italian 10-Year Government Bonds are higher with yields down -7.6 basis points to 2.798%
  • Spanish 10-Year Government Bonds are higher with yields down -1.3 basis points to 1.377%

 

 

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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 Post AG Health Care 25 2.25%               1,921,125
Intesa Sanpaolo SpA Industrials 1.99 1.51%            49,655,205
Societe Generale SA Energy 29.4 1.47%               1,042,383
AXA SA Health Care 20 1.40%               2,567,879
Unibail-Rodamco-Westfield Telecommunication Services 144 1.39%                     99,306
 
Underperformers Sector Price 1D % Chg Volume
Anheuser-Busch InBev SA/NV Energy 62.2 -2.11%               1,073,635
Danone SA Financials 61.6 -1.00%                  280,778
adidas AG Financials 197 -0.93%                  144,397
Unilever NV Information Technology 46.3 -0.83%               1,120,077
Banco Santander SA Health Care 4.23 -0.79%            10,437,030

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