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European stocks rise midday with news US may delay March 1st tariff hike deadline

Feb 14, 2019

 

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

European Markets

  • US stocks rising midday with news the US may move forward the March 1st tariff hike deadline on Chinese imports
  • US and China start senior level trade negotiations in Beijing today, continuing talks that started in the US last month
  • The Euro Stoxx 600 is currently up +0.42%, the FTSE 100 is higher by +0.37%, the DAX has advanced +0.32%, and the CAC 40 has risen +0.7%
  • German GDP stagnated in 4Q with reported growth of 0.0%, lagging an average growth rate of +0.2% for the Euro area.  This follows last week’s downward revisions for economic growth for the Euro area by the European Commission (EU). 
  • EU GDP grew at 1.2% y/y in the fourth quarter of 2018, matching consensus and the growth seen in the third quarter
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.02x
  • Food & Beverage (+1.49%), Industrial Goods & Services (+1.32%), and Technology (+1.28%) stocks are the top performers in the Euro Stoxx 600 today
  • Financial Services (-0.29%), Banks (-0.24%), and Oil & Gas (-0.18%) stocks are the worst performers in the Euro Stoxx 600 today
  • 147 stocks in the Euro Stoxx 600 are at 4-week highs while 19 stocks are at 4-week lows
  • 39 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 little changed this morning and is currently at 14.13 after closing at 13.97 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1268
  • GBP£ is currently down -0.296% against the USD$ to 1.2808
  • CHF is currently little changed against the USD$ at 0.9916

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1.2 basis points to 0.111%
  • German 10-Year Bunds are higher with yields down -1.2 basis points to 0.111%
  • French 10-Year Government Bonds are higher with yields down -1.3 basis points to 0.538%
  • UK 10-Year GILTs are higher with yields down -2.3 basis points to 1.159%
  • Italian 10-Year Government Bonds are lower with yields up 0.5 basis points to 2.789%
  • Spanish 10-Year Government Bonds are lower with yields up 0.5 basis points to 1.239%

 

 

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Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Schneider Electric SE Industrials 67.6 5.90%               1,330,742
Airbus SE Industrials 109 4.10%               1,491,681
Amadeus IT Group SA Materials 68.9 2.87%                  399,354
Siemens AG Utilities 93.6 1.67%               1,065,582
Vivendi SA Consumer Discretionary 22.8 1.52%               1,298,142
 
Underperformers Sector Price 1D % Chg Volume
Unibail-Rodamco-Westfield Telecommunication Services 146 -4.01%                  527,791
Bayer AG Information Technology 66.9 -1.99%                  894,495
Sanofi Consumer Discretionary 72.5 -1.88%               1,629,184
EssilorLuxottica SA Consumer Staples 108 -1.60%                  221,163
adidas AG Financials 197 -1.21%                  527,503
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Stock Research ReportsConcise quantitative company reports highlighting stocks from OUR 17 GLOBAL MODELS