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European stocks higher mid-session with tech sector fueling risk-on sentiment

Jan 25, 2019

 

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

European Markets

  • European stocks are advancing with the rally in global tech despite weak economic data from Germany
  • The Northern Irish political party that is part of PM Theresa May’s government has privately agreed to support her Brexit plan 
  • The Euro Stoxx 600 is currently up +0.61%, the FTSE 100 is higher by +0.05%, the DAX has advanced +1.37%, and the CAC 40 has risen +0.82%
  • January German business sentiment came at 99.1, well below the 100.7 market forecast, further evidence of a softening economy in Germany
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.99x
  • Automobiles & Parts (+2.08%), Basic Resources (+2.04%), and Construction & Materials (+1.46%) stocks are the top performers in the Euro Stoxx 600 today
  • Telecommunications (-0.68%), Food & Beverage (-0.14%), and Utilities (-0.02%) stocks are the worst performers in the Euro Stoxx 600 today
  • 148 stocks in the Euro Stoxx 600 are at 4-week highs while 17 stocks are at 4-week lows
  • 36 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 14.96 after closing at 15.56 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.336% against the USD$ to 1.1342
  • GBP£ is currently little changed against the USD$ at 1.3085
  • CHF is currently little changed against the USD$ at 1.0027
     

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.3 basis points to 0.183%
  • German 10-Year Bunds are lower with yields up 0.3 basis points to 0.183%
  • French 10-Year Government Bonds are lower with yields up 0.2 basis points to 0.587%
  • UK 10-Year GILTs are lower with yields up 1.4 basis points to 1.279%
  • Italian 10-Year Government Bonds are lower with yields up 0.4 basis points to 2.664%
  • Spanish 10-Year Government Bonds are higher with yields down -1.8 basis points to 1.222%

 

 

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Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Volkswagen AG Consumer Staples 151 3.89%                  955,295
CRH PLC Telecommunication Services 25.7 3.13%                  267,104
Nokia OYJ Financials 5.59 2.84%            12,314,805
ING Groep NV Consumer Discretionary 10.6 2.23%               7,197,497
BASF SE Utilities 64.9 2.16%               1,375,766
 
Underperformers Sector Price 1D % Chg Volume
Deutsche Telekom AG Financials 14.1 -0.42%               7,564,570
Munich Re Financials 197 -0.41%                  204,208
Unilever NV Information Technology 46.8 -0.37%               1,202,193
Danone SA Financials 62.6 -0.33%                  403,721
Telefonica SA Financials 7.72 -0.28%               3,582,974

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