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European stocks surging, risk-on sentiment strong with optimism for lower US-China trade tensions, stable interest rates

Jan 18, 2019

 

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

European Markets

  • European stocks are rallying stoday with risk-on sentiment being driven by hopes of less US-China trade tensions and stable interest rates 
  • Global equities gained further support after Chicago Fed President Charles Evans said the American economy is doing well, and that the Fed "can easily be patient", further evidence that the number of Fed hikes in 2019 is likely to be less than originally expected
  • The Euro Stoxx 600 is currently up +1.43%, the FTSE 100 is higher by +1.56%, the DAX has advanced +1.7%, and the CAC 40 has risen +1.69%
  • UK Prime Minister Theresa May is talking to other EU leaders today searching for a Brexit compromise that can work in Parliament as talks with other UK parties have faltered
  • The DAX, the German large-cap stocks benchmark index, is poised to break above 11,000 as sentiment towards US-China trade negotiations continues to trend positive.  11,000 was previously a technical support level for the before a breakdown in December.  A break above 11,000 would point to a new regime change in the DAX’s technical outlook and would make 11,000 a technical support level again.
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 10.54x
  • Automobiles & Parts (+2.04%), Construction & Materials (+1.98%), and Banks (+1.9%) stocks are the top performers in the Euro Stoxx 600 today
  • Travel & Leisure (+0.7%), Telecommunications (+0.76%), and Health Care (+0.78%) stocks are the worst performers in the Euro Stoxx 600 today
  • 134 stocks in the Euro Stoxx 600 are at 4-week highs while 19 stocks are at 4-week lows
  • 21 stocks in the Euro Stoxx 600 are overbought while 1 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 15.41 yesterday
     

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1404
  • GBP£ is currently down -0.354% against the USD$ to 1.294
  • CHF is currently little changed against the USD$ at 1.0062
     

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.9 basis points to 0.262%
  • German 10-Year Bunds are lower with yields up 1.9 basis points to 0.262%
  • French 10-Year Government Bonds are lower with yields up 1.4 basis points to 0.657%
  • UK 10-Year GILTs are lower with yields up 0.9 basis points to 1.346%
  • Italian 10-Year Government Bonds are higher with yields down -3.4 basis points to 2.731%
  • Spanish 10-Year Government Bonds are higher with yields down -2.3 basis points to 1.341%
     

 

 

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Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Schneider Electric SE Industrials 60.4 3.35%                  805,464
BASF SE Utilities 64.9 3.00%               2,104,518
Amadeus IT Group SA Materials 64.6 2.96%               1,875,594
ING Groep NV Consumer Discretionary 10.4 2.95%            10,198,001
Banco Bilbao Vizcaya Argentaria SA Information Technology 5.18 2.88%            12,685,186
 
Underperformers Sector Price 1D % Chg Volume
Linde PLC Real Estate 138 -0.22%                  721,353
Sanofi Consumer Discretionary 73.7 0.03%               1,311,904
EssilorLuxottica SA Consumer Staples 112 0.04%                  689,255
Unilever NV Information Technology 46.6 0.10%               1,888,849
Societe Generale SA Energy 28.6 0.42%               3,421,453

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