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European stocks open positive but fade to flat ahead of US jobs data

Feb 01, 2019

 

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

European Markets

  • European stocks open positive but fade to flat ahead of US jobs data amid a generally positive earnings season
  • The Euro Stoxx 600 is currently down -0.08%, the FTSE 100 is higher by +0.4%, the DAX has fallen -0.19%, and the CAC 40 has risen +0.02%
  • 4Q European earnings have been “good enough” to date, buying stocks valuations to start the year though investors are beginning to worry about vulnerability to potential negative news flow
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 1.64x
  • Industrial Goods & Services (+0.53%), Basic Resources (+0.42%), and Automobiles & Parts (+0.41%) stocks are the top performers in the Euro Stoxx 600 today
  • Banks (-1.25%), Utilities (-0.58%), and Oil & Gas (-0.58%) stocks are the worst performers in the Euro Stoxx 600 today
  • 199 stocks in the Euro Stoxx 600 are at 4-week highs while 27 stocks are at 4-week lows
  • 31 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  little changed this morning and is currently at 15.09 after closing at 15.11 yesterday

What is Going on with European Currencies?

  • EUR€ is currently up +0.175% against the USD$ to 1.1468
  • GBP£ is currently down -0.366% against the USD$ to 1.3061
  • CHF is currently little changed against the USD$ at 1.0071

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 0.7 basis points to 0.156%
  • German 10-Year Bunds are lower with yields up 0.7 basis points to 0.156%
  • French 10-Year Government Bonds are lower with yields up 0.9 basis points to 0.563%
  • UK 10-Year GILTs are higher with yields down -0.2 basis points to 1.217%
  • Italian 10-Year Government Bonds are lower with yields up 15.5 basis points to 2.744%
  • Spanish 10-Year Government Bonds are lower with yields up 1.3 basis points to 1.209%

 

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Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Kering SA Consumer Staples 445 1.69%                     84,722
Daimler AG Consumer Staples 52.3 1.26%               1,821,492
Airbus SE Industrials 101 1.26%                  474,111
Unilever NV Information Technology 47.1 1.05%               1,345,015
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 283 1.00%                  394,742
 
Underperformers Sector Price 1D % Chg Volume
adidas AG Financials 202 -2.74%                  434,563
Societe Generale SA Energy 26.5 -2.36%               2,213,959
Banco Santander SA Health Care 4.04 -2.27%            82,049,042
Intesa Sanpaolo SpA Industrials 1.96 -1.79%            53,678,356
Enel SpA Industrials 5.18 -1.63%            16,108,862