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European stocks retreat with investors fearing a flare-up in US-China trade tensions

Jan 17, 2019

 

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

European Markets

  • European stocks are retreating mid-session with the news of the US investigation into Huawei stealing US tech secrets triggering fears of a flare-up in US-China trade tensions
  • The Euro Stoxx 600 is currently down -0.23%, the FTSE 100 has declined -0.57%, the DAX has fallen -0.34%, and the CAC 40 is lower by -0.4%
  • Following the “no vote” on the most recent BREXIT deal, US Prime Minister Theresa May is reaching out to political rivals to see if it is possible to reach a compromise BREXIT deal
  • UK opposition Labor party leader Jeremy Corbyn is refusing to meet with PM Theresa May, saying he could support a second referendum but prefers a new general election
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.67x
  • Food & Beverage (+0.48%), Retail (+0.08%), and Personal & Household Goods (+0.04%) stocks are the top performers in the Euro Stoxx 600 today
  • Banks (-0.91%), Automobiles & Parts (-0.88%), and Media (-0.57%) stocks are the worst performers in the Euro Stoxx 600 today
  • 195 stocks in the Euro Stoxx 600 are at 4-week highs while 12 stocks are at 4-week lows
  • 20 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 up 0.11 this morning and is currently at 15.83 after closing at 15.72 yesterday
     

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.14
  • GBP£ is currently little changed against the USD$ at 1.2887
  • CHF is currently down -0.188% against the USD$ to 1.0079

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.5 basis points to 0.219%
  • German 10-Year Bunds are higher with yields down -0.5 basis points to 0.219%
  • French 10-Year Government Bonds are higher with yields down -1.4 basis points to 0.622%
  • UK 10-Year GILTs are higher with yields down -1 basis points to 1.301%
  • Italian 10-Year Government Bonds are higher with yields down -2.3 basis points to 2.732%
  • Spanish 10-Year Government Bonds are higher with yields down -2.5 basis points to 1.35%

 

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Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Industria de Diseno Textil SA Materials 23.3 1.08%                  738,606
SAP SE Industrials 90.2 0.80%                  653,886
Anheuser-Busch InBev SA/NV Energy 62.3 0.78%                  566,058
Nokia OYJ Financials 5.21 0.70%               5,537,919
adidas AG Financials 199 0.56%                  146,912
 
Underperformers Sector Price 1D % Chg Volume
Societe Generale SA Energy 28.8 -4.60%               4,262,044
BNP Paribas SA Financials 41.8 -2.92%               2,425,644
Daimler AG Consumer Staples 49.1 -1.53%                  993,705
ASML Holding NV Health Care 137 -1.50%                  411,183
Volkswagen AG Consumer Staples 143 -1.49%                  332,623

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