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European stocks flat on weak economic confidence data, UK stocks rallying after Brexit Plan B vote

Jan 30, 2019

 

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

European Markets

  • European stocks flat while UK stocks rallying in wake of Brexit Plan B vote; European economic confidence indicator falls more than expected
  • The European January economic confidence indicator falls to 106.2, below 106.8 consensus and down from 107.3
  • While the UK Parliament rejected the recent BREXIT proposal from Prime Minister Theresa May, Parliament did give her the OK to go back to the European Union to see if she can negotiate a better deal
  • The Euro Stoxx 600 is currently up +0.15%, the FTSE 100 is higher by +1.4%, the DAX has fallen -0.38%, and the CAC 40 has risen +0.55%
  • Societe Generale gave a presentation to investors last week dicsussing European stocks, saying "No one is interested" and Europe "is becoming irrelevant";' European stocks have seen outflows 45 of the last 46 weeks
  • The US Federal Reserve (US Fed) is set to release a decision on interest rates today.  The announcement will be made at 2pm EST with Fed Funds futures currently pricing in no probability of a rate hike. 
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.27x
  • Personal & Household Goods (+1.48%), Basic Resources (+1.44%), and Oil & Gas (+0.65%) stocks are the top performers in the Euro Stoxx 600 today
  • Telecommunications (-0.64%), Industrial Goods & Services (-0.43%), and Health Care (-0.33%) stocks are the worst performers in the Euro Stoxx 600 today
  • 120 stocks in the Euro Stoxx 600 are at 4-week highs while 10 stocks are at 4-week lows
  • 39 stocks in the Euro Stoxx 600 are overbought while 5 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is flat at 16.05 after closing at 16.05 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1434
  • GBP£ is currently up +0.245% against the USD$ to 1.3098
  • CHF is currently down -0.249% against the USD$ to 1.0029

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1 basis points to 0.19%
  • German 10-Year Bunds are higher with yields down -1 basis points to 0.19%
  • French 10-Year Government Bonds are higher with yields down -0.8 basis points to 0.603%
  • UK 10-Year GILTs are higher with yields down -0.9 basis points to 1.26%
  • Italian 10-Year Government Bonds are higher with yields down -2.8 basis points to 2.605%
  • Spanish 10-Year Government Bonds are lower with yields up 1 basis points to 1.248%

 

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Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 275 5.97%                  789,290
Kering SA Consumer Staples 434 3.63%                  145,935
L'Oreal SA Health Care 208 0.92%                  162,613
Eni SpA Utilities 14.7 0.92%               2,996,405
ASML Holding NV Health Care 153 0.87%                  357,824
 
Underperformers Sector Price 1D % Chg Volume
Siemens AG Utilities 98.7 -1.81%               1,343,824
Deutsche Post AG Health Care 25.7 -1.42%                  962,672
Telefonica SA Financials 7.56 -0.97%               3,793,658
Nokia OYJ Financials 5.65 -0.84%               7,132,780
BNP Paribas SA Financials 42 -0.81%                  903,217