blog

Latest from the Quantamize Blog

European stocks lower mid-session after EU and BOE cuts to growth outlook

Feb 07, 2019

 

With Quantamize AI Machine Learning, Research has never been easier.With Quantamize AI Machine Learning, Research has never been easier.
With Quantamize AI Machine Learning, Research has never been easier.With Quantamize AI Machine Learning, Research has never been easier.

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

European Markets

  • European stocks are trading at session lows after the EU cut its growth outlook for Euro region 
  • The Euro Stoxx 600 is currently down -0.71%, the FTSE 100 has declined -0.08%, the DAX has fallen -1.43%, and the CAC 40 is lower by -0.76%
  • The European Union (EU) slashes its growth forecasts for the major economies of Europe and warns that BREXIT and the deceleration in Chinese economic growth are threats to make the economic outlook for Euro region economies worse 
  • The Bank of England (BOE) cut its growth forecast for the UK economy after warning about the damage to the UK domestic economy from BREXIT and warns of a drop in investment
  • 4Q results for European corporates raises worries about mounting corporate profit risk in CY2019 as analysts are observing that reported earnings growth of +5.7% would be 35% lower if the energy sector is removed.  Just as a point of reference, energy stocks make up little less than 6% of the broad market STOXX Europe 600.
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.27x
  • Food & Beverage (+0.16%), Health Care (+0.09%), and Personal & Household Goods (-0.24%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (-3.48%), Media (-2.24%), and Telecommunications (-1.76%) stocks are the worst performers in the Euro Stoxx 600 today
  • 231 stocks in the Euro Stoxx 600 are at 4-week highs while 10 stocks are at 4-week lows
  • 68 stocks in the Euro Stoxx 600 are overbought while 0 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is moving up this morning and is currently at 15.19 after closing at 13.62 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.264% against the USD$ to 1.1332
  • GBP£ is currently down -0.41% against the USD$ to 1.2879
  • CHF is currently little changed against the USD$ at 0.9977

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -4.1 basis points to 0.121%
  • German 10-Year Bunds are higher with yields down -4.1 basis points to 0.121%
  • French 10-Year Government Bonds are higher with yields down -2.9 basis points to 0.548%
  • UK 10-Year GILTs are higher with yields down -4.6 basis points to 1.17%
  • Italian 10-Year Government Bonds are lower with yields up 4.9 basis points to 2.909%
  • Spanish 10-Year Government Bonds are higher with yields down -1.4 basis points to 1.243%

 

 

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions
Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions

 

Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Sanofi Consumer Discretionary 76.3 0.30%                  523,114
BNP Paribas SA Financials 41.8 0.05%               3,397,467
L'Oreal SA Health Care 217 0.05%                  115,553
Safran SA Industrials 115 0.04%                  241,718
Koninklijke Philips NV Financials 33.9 0.03%                  749,221
 
Underperformers Sector Price 1D % Chg Volume
Daimler AG Consumer Staples 50 -3.39%               2,199,867
Societe Generale SA Energy 25.6 -2.81%               4,691,703
Volkswagen AG Consumer Staples 145 -2.57%                  424,456
Bayerische Motoren Werke AG Utilities 71.7 -2.34%                  686,781
Deutsche Post AG Health Care 25.6 -2.10%               1,092,014
Stock Research ReportsConcise quantitative company reports highlighting stocks from OUR 17 GLOBAL MODELS
Stock Research ReportsConcise quantitative company reports highlighting stocks from OUR 17 GLOBAL MODELS