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European stocks on track for best week in 3 months, risk-on driven by positive earnings announcements

Feb 15, 2019

 

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

European Markets

  • European stocks are rising with positive earnings announcements driving positive sentiment, European stocks are on track for the best week in 3 months
  • Chinese President Xi said there has been great progress in trade talks with the US as meetings wrap up in Beijing, press reports are that there remains a significant divide between sides over structural reforms to the Chinese economy the US has requested
  • The bounce back in European stocks may be reaching a near-term ceiling after the regional mutual funds saw outflows of USD$5.9 billion for the week ending February 13, the second largest weekly outflow on record 
  • The Euro Stoxx 600 is currently up +0.82%, the FTSE 100 is higher by +0.43%, the DAX has advanced +1.01%, and the CAC 40 has risen +1.1%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 3.2x
  • Basic Resources (+1.34%), Industrial Goods & Services (+1.26%), and Media (+1.11%) stocks are the top performers in the Euro Stoxx 600 today
  • Utilities (-0.23%), Real Estate (+0.23%), and Financial Services (+0.31%) stocks are the worst performers in the Euro Stoxx 600 today
  • 169 stocks in the Euro Stoxx 600 are at 4-week highs while 28 stocks are at 4-week lows
  • 44 stocks in the Euro Stoxx 600 are overbought while 8 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 14.98 after closing at 15.76 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.204% against the USD$ to 1.1272
  • GBP£ is currently little changed against the USD$ at 1.2817
  • CHF is currently little changed against the USD$ at 0.9938

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -0.7 basis points to 0.096%
  • German 10-Year Bunds are higher with yields down -0.7 basis points to 0.096%
  • French 10-Year Government Bonds are lower with yields up 0.4 basis points to 0.533%
  • UK 10-Year GILTs are higher with yields down -0.2 basis points to 1.148%

 

 

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Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Vivendi SA Consumer Discretionary 24.2 6.38%               5,294,154
Airbus SE Industrials 110 2.80%                  661,875
Schneider Electric SE Industrials 67.5 2.12%                  713,933
Bayer AG Information Technology 66.8 1.98%               1,277,307
Allianz SE Financials 188 1.90%                  668,898
 
Underperformers Sector Price 1D % Chg Volume
EssilorLuxottica SA Consumer Staples 105 -0.85%                  303,611
Deutsche Telekom AG Financials 14.1 -0.64%               5,463,092
Engie SA Industrials 14 -0.18%               1,209,351
Koninklijke Ahold Delhaize NV Consumer Discretionary 22.8 -0.13%                  962,532
adidas AG Financials 197 -0.10%                  270,228
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