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European stocks little changed, seeking direction with a lack of fresh catalysts

Feb 04, 2019

 

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

European Markets

  • European stocks are little changed mid-session to start the week with a lack of fresh catalysts to drive markets
  • The Euro Stoxx 600 is currently down -0.05%, the FTSE 100 is higher by +0.33%, the DAX has fallen -0.17%, and the CAC 40 is lower by -0.44%
  • Italy's Central Bank head said he is getting worried about high bond yields
  • After spiking in in December 2018, the VSTOXX is now back the lowest levels seen in CY2018
  • Investor sentiment for European stocks is neutral with the advance/decline ratio for the Euro Stoxx 600 currently at 1.04x
  • Utilities (-0.41%), Banks (-0.8%), and Basic Resources (-0.34%) stocks are the top performers in the Euro Stoxx 600 today
  • Telecommunications (-0.67%), Construction & Materials (-0.24%), and Retail (-0.18%) stocks are the worst performers in the Euro Stoxx 600 today
  • 113 stocks in the Euro Stoxx 600 are at 4-week highs while 30 stocks are at 4-week lows
  • 38 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 moving up 0.47 this morning and is currently at 14.46 after closing at 13.99 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1445
  • GBP£ is currently down -0.161% against the USD$ to 1.3058
  • CHF is currently down -0.229% against the USD$ to 1.0023

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.3 basis points to 0.163%
  • German 10-Year Bunds are higher with yields down -0.3 basis points to 0.163%
  • French 10-Year Government Bonds are higher with yields down -0.1 basis points to 0.572%
  • UK 10-Year GILTs are lower with yields up 0.2 basis points to 1.25%
  • Italian 10-Year Government Bonds are higher with yields down -0.1 basis points to 2.746%
  • Spanish 10-Year Government Bonds are lower with yields up 1 basis points to 1.233%

 

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Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Unilever NV Information Technology 47.8 1.36%                  953,463
Amadeus IT Group SA Materials 64.7 1.13%                  150,185
CRH PLC Telecommunication Services 25.9 0.98%                  204,711
Bayer AG Information Technology 67.5 0.79%                  839,373
Sanofi Consumer Discretionary 75.9 0.68%                  334,717
 
Underperformers Sector Price 1D % Chg Volume
Societe Generale SA Energy 25.8 -2.53%               2,243,185
BNP Paribas SA Financials 40.1 -1.97%               1,876,012
Daimler AG Consumer Staples 52.1 -1.85%               1,179,055
Volkswagen AG Consumer Staples 147 -1.74%                  282,362
Nokia OYJ Financials 5.31 -1.67%               5,842,402
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