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European stocks rising mid-session in the wake of upward revision to European PMIs

Feb 05, 2019

 

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

European Markets

  • European stock rallying with risk-on being driven by better-than-expected regional PMIs readings in Europe with stocks at their highest level since December
  • The Euro Stoxx 600 is currently up +0.88%, the FTSE 100 is higher by +1.4%, the DAX has advanced +1.05%, and the CAC 40 has risen +0.92%
  • Euro area January 2019 composite PMI revised to 51 vs an initial flash reading 50.7 
  • Germany January 2010 composite PMI revised to 52.1 vs initial flash reading 52.1 
  • France January 2019 composite PMI revised to 48.2 vs initial flash reading 47.9 
  • U.K. January 2019 composite PMI comes in at 50.3 vs 51.4 estimate
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 5.52x
  • Oil & Gas (+1.8%), Construction & Materials (+1.72%), and Banks (+1.37%) stocks are the top performers in the Euro Stoxx 600 today
  • Real Estate (-0.32%), Utilities (-0.14%), and Insurance (+0.37%) stocks are the worst performers in the Euro Stoxx 600 today
  • 100 stocks in the Euro Stoxx 600 are at 4-week highs while 23 stocks are at 4-week lows
  • 37 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 0.34 this morning and is currently at 13.87 after closing at 14.21 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.157% against the USD$ to 1.142
  • GBP£ is currently down -0.184% against the USD$ to 1.3013
  • CHF is currently down -0.349% against the USD$ to 0.9986

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.5 basis points to 0.192%
  • German 10-Year Bunds are lower with yields up 1.5 basis points to 0.192%
  • French 10-Year Government Bonds are lower with yields up 1.2 basis points to 0.596%
  • UK 10-Year GILTs are higher with yields down -0.8 basis points to 1.269%
  • Italian 10-Year Government Bonds are higher with yields down -0.6 basis points to 2.728%
  • Spanish 10-Year Government Bonds are lower with yields up 0.1 basis points to 1.245%

 

 

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Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Intesa Sanpaolo SpA Industrials 2.02 2.95%            76,172,013
Fresenius SE & Co KGaA Telecommunication Services 46.9 2.36%                  909,529
BASF SE Utilities 66.1 2.18%               1,212,546
Banco Santander SA Health Care 4.11 1.94%          241,483,940
CRH PLC Telecommunication Services 26.2 1.82%                  167,536
 
Underperformers Sector Price 1D % Chg Volume
Unibail-Rodamco-Westfield Telecommunication Services 154 -1.05%                  208,690
Enel SpA Industrials 5.14 -0.81%               8,261,277
Engie SA Industrials 13.8 -0.65%               1,210,266
Iberdrola SA Consumer Staples 7.15 -0.53%               3,316,410
Koninklijke Ahold Delhaize NV Consumer Discretionary 23.1 -0.26%               1,521,261
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