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Growth concerns weigh on European stocks with shares lower across the Continent

Feb 08, 2019

 

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

European Markets

  • European stocks are lower on growth concerns in the wake of cuts to growth outlook by the EU and BOE
  • Market sentiment is dropping dramatically in the pre-market following an announcement that US President Donald Trump and Chinese President Xi Jinping will not meet before a March 1 trade war deadline. 
  • The Euro Stoxx 600 is currently up +0.07%, the FTSE 100 is higher by +0.16%, the DAX has fallen -0.01%, and the CAC 40 has risen +0.25%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.87x
  • Media (+0.46%), Personal & Household Goods (+0.34%), and Chemicals (+0.29%) stocks are the top performers in the Euro Stoxx 600 today
  • Telecommunications (-0.64%), Automobiles & Parts (-0.52%), and Construction & Materials (-0.3%) stocks are the worst performers in the Euro Stoxx 600 today
  • 94 stocks in the Euro Stoxx 600 are at 4-week highs while 34 stocks are at 4-week lows
  • 28 stocks in the Euro Stoxx 600 are overbought while 11 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is higher this morning and is currently at 16.66 after closing at 16.17 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1342
  • GBP£ is currently little changed against the USD$ at 1.2968
  • CHF is currently little changed against the USD$ at 0.9982

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.4 basis points to 0.111%
  • German 10-Year Bunds are higher with yields down -0.4 basis points to 0.111%
  • French 10-Year Government Bonds are lower with yields up 0.5 basis points to 0.556%
  • UK 10-Year GILTs are lower with yields up 0.3 basis points to 1.18%
  • Italian 10-Year Government Bonds are higher with yields down -0.7 basis points to 2.944%
  • Spanish 10-Year Government Bonds are higher with yields down -1.6 basis points to 1.226%
     

 

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Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Sanofi Consumer Discretionary 75.6 1.27%                  512,067
SAP SE Industrials 91.8 1.09%                  765,000
Fresenius SE & Co KGaA Telecommunication Services 46.2 1.00%                  528,939
TOTAL SA Consumer Discretionary 48.3 0.99%               2,069,354
Airbus SE Industrials 100 0.97%                  327,300
 
Underperformers Sector Price 1D % Chg Volume
Telefonica SA Financials 7.3 -1.45%               3,598,954
Societe Generale SA Energy 24.3 -0.95%               2,984,529
Bayerische Motoren Werke AG Utilities 70.1 -0.90%                  863,075
ASML Holding NV Health Care 158 -0.85%                  454,296
Bayer AG Information Technology 66.3 -0.76%                  711,307
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