European stocks open positive but fade to flat ahead of US jobs data
Feb 01, 2019
*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%
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 |