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European stocks lower with growth outlook concerns weighing on sentiment

Feb 19, 2019

 

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

European Markets

  • European stocks are lower with European Central Bank's chief economist saying the ECB could push back any rate hike if the economy weakens, spooking investors
  • European officials made clear again they will hike import tariffs on US goods if the US lets auto tariffs increase on European auto imports on March 1st 
  • US and Chinese negotiators will continue trade talks this week, looking to build on the momentum of last week 
  • The Euro Stoxx 600 is currently down -0.59%, the FTSE 100 has declined -0.74%, the DAX has fallen -0.3%, and the CAC 40 is lower by -0.55%
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.32x
  • Travel & Leisure (+0.27%), Utilities (+0.12%), and Insurance (-0.12%) stocks are the top performers in the Euro Stoxx 600 today
  • Banks (-1.75%), Financial Services (-0.89%), and Automobiles & Parts (-0.81%) stocks are the worst performers in the Euro Stoxx 600 today
  • 147 stocks in the Euro Stoxx 600 are at 4-week highs while 12 stocks are at 4-week lows
  • 65 stocks in the Euro Stoxx 600 are overbought while 3 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 14.81 after closing at 14.54 yesterday

What is Going on with European Currencies?

  • EUR€ is currently down -0.283% against the USD$ to 1.1279
  • GBP£ is currently little changed against the USD$ at 1.2908
  • CHF is currently little changed against the USD$ at 0.9946

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -1.4 basis points to 0.096%
  • German 10-Year Bunds are higher with yields down -1.4 basis points to 0.096%
  • French 10-Year Government Bonds are higher with yields down -1.1 basis points to 0.534%
  • UK 10-Year GILTs are higher with yields down -1.3 basis points to 1.153%
  • Italian 10-Year Government Bonds are lower with yields up 4.9 basis points to 2.815%
  • Spanish 10-Year Government Bonds are higher with yields down -1.4 basis points to 1.213%

 

 

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Euro Stoxx 50 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Deutsche Telekom AG Financials 14.5 0.73%               3,505,147
adidas AG Financials 200 0.60%                  151,492
CRH PLC Telecommunication Services 27.5 0.51%                  213,975
Industria de Diseno Textil SA Materials 25.7 0.27%                  468,126
Allianz SE Financials 190 0.20%                  261,077
 
Underperformers Sector Price 1D % Chg Volume
Anheuser-Busch InBev SA/NV Energy 67.4 -1.76%                  361,833
Banco Bilbao Vizcaya Argentaria SA Information Technology 5.13 -1.76%               4,724,091
BNP Paribas SA Financials 41.7 -1.66%               1,761,417
Fresenius SE & Co KGaA Telecommunication Services 46.4 -1.65%                  483,865
Banco Santander SA Health Care 4.05 -1.60%               8,469,345
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