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European stock higher mid-session, supported by positive earnings results as trade concerns remain

Jan 23, 2019

 

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

European Markets

  • European stocks are higher midday as a positive earnings release from Carrefour SA (ENXTPA:CA) boosts consumer stocks across the region
  • The Euro Stoxx 600 is currently up +0.18%, the FTSE 100 has declined -0.42%, the DAX has advanced +0.02%, and the CAC 40 has risen +0.24%
  • Press reports are that Parliament is moving towards a vote on a delay of Brexit to avoid a no-deal exit
  • Goldman Sachs is arguing this morning that US stocks are set to benefit from a BREXIT deal given the exposure of US stocks to the UK as they (Goldamn Sachs) expect UK stocks to outperform European peers in CY2019
  • Larry Kudlow, Director of the National Economic Council (NEC), denies that US and China trade official canceled current trade negotiations, adding that talks over the next week will be "determinative"
  • Investor sentiment for European stocks is neutral with the advance/decline ratio for the Euro Stoxx 600 currently at 1.14x
  • Retail (+1.57%), Travel & Leisure (+0.76%), and Real Estate (+0.66%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (-0.71%), Chemicals (-0.36%), and Construction & Materials (-0.32%) stocks are the worst performers in the Euro Stoxx 600 today
  • 167 stocks in the Euro Stoxx 600 are at 4-week highs while 9 stocks are at 4-week lows
  • 26 stocks in the Euro Stoxx 600 are overbought while 4 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 15.83 after closing at 16.0 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1364
  • GBP£ is currently up +0.556% against the USD$ to 1.3026
  • CHF is currently little changed against the USD$ at 1.0026

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.5 basis points to 0.241%
  • German 10-Year Bunds are lower with yields up 0.5 basis points to 0.241%
  • French 10-Year Government Bonds are lower with yields up 0.4 basis points to 0.647%
  • UK 10-Year GILTs are lower with yields up 2.2 basis points to 1.345%
  • Italian 10-Year Government Bonds are lower with yields up 1.7 basis points to 2.758%
  • Spanish 10-Year Government Bonds are higher with yields down -1 basis points to 1.324%

 

 

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Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Koninklijke Ahold Delhaize NV Consumer Discretionary 23.2 3.36%               3,017,516
Deutsche Post AG Health Care 26.1 1.95%               1,184,138
Industria de Diseno Textil SA Materials 24.4 1.71%                  648,192
Koninklijke Philips NV Financials 32 1.46%               1,034,727
Amadeus IT Group SA Materials 65.4 1.21%                  267,761
 
Underperformers Sector Price 1D % Chg Volume
ASML Holding NV Health Care 139 -1.40%               1,094,606
BASF SE Utilities 63.5 -1.32%                  961,452
Schneider Electric SE Industrials 59.6 -0.86%                  309,873
Bayerische Motoren Werke AG Utilities 72.1 -0.84%                  468,950
Volkswagen AG Consumer Staples 143 -0.71%                  256,629

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