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Optimism on US budget and US-China trade progress sends European stocks higher

Feb 12, 2019

 

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

European Markets

  • European stocks rise with optimism for progress on averting a US government shutdown and on US-China trade negotiations
  • The Euro Stoxx 600 is currently up +0.61%, the FTSE 100 is higher by +0.26%, the DAX has advanced +1.29%, and the CAC 40 has risen +1.09%
  • UK Prime Minister Theresa May will address Parliament today with an update on her Brexit negotiations with the EU 
  • Oil is surging almost 2% this morning, firmly above $53 with Algeria floating the potential for more production cuts from OPEC at its next meeting
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 3.38x
  • Automobiles & Parts (+2.67%), Chemicals (+1.56%), and Oil & Gas (+0.76%) stocks are the top performers in the Euro Stoxx 600 today
  • Travel & Leisure (-0.5%), Media (+0.03%), and Financial Services (+0.01%) stocks are the worst performers in the Euro Stoxx 600 today
  • 53 stocks in the Euro Stoxx 600 are at 4-week highs while 32 stocks are at 4-week lows
  • 29 stocks in the Euro Stoxx 600 are overbought while 9 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is moving down this morning and is currently at 14.19 after closing at 15.22 yesterday
     

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1292
  • GBP£ is currently little changed against the USD$ at 1.2866
  • CHF is currently down -0.402% against the USD$ to 0.9921

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are lower with yields up 1.8 basis points to 0.138%
  • German 10-Year Bunds are lower with yields up 1.8 basis points to 0.138%
  • French 10-Year Government Bonds are lower with yields up 0.8 basis points to 0.573%
  • UK 10-Year GILTs are lower with yields up 0.8 basis points to 1.188%
  • Italian 10-Year Government Bonds are higher with yields down -3.8 basis points to 2.862%
  • Spanish 10-Year Government Bonds are lower with yields up 0.1 basis points to 1.243%

 

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Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Fresenius SE & Co KGaA Telecommunication Services 47.2 3.33%                  781,905
BASF SE Utilities 65 2.57%                  910,759
Daimler AG Consumer Staples 49.3 2.24%               1,179,319
Vinci SA Consumer Discretionary 78.5 2.13%                  358,676
Bayer AG Information Technology 68 2.12%                  699,574
 
Underperformers Sector Price 1D % Chg Volume
Nokia OYJ Financials 5.44 -0.44%               4,724,953
Orange SA Materials 13.3 -0.15%               1,705,819
Koninklijke Ahold Delhaize NV Consumer Discretionary 23.2 0.00%               1,038,116
Deutsche Telekom AG Financials 14.2 0.21%               2,611,980
Bayerische Motoren Werke AG Utilities 69.7 0.29%                  758,067
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