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European stocks higher on trade optimism, shrugging off weak German data

Feb 22, 2019

 

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

European Markets

  • European stocks are higher mid-session with hopes for trade progress supporting higher prices despite weak economic data out today
  • The Euro Stoxx 600 is currently up +0.31%, the FTSE 100 is higher by +0.6%, the DAX has advanced +0.57%, and the CAC 40 has risen +0.33%
  • Germany reported zero GDP growth in the fourth quarter while readings on business climate came below expectations, further evidence of the challenge Germany faces
  • British negotiators have made little progress on Brexit and PM Theresa May is expected to request a 3-month extension to talks with the EU 
  • The Euro Stoxx 600 is currently up +0.31%, the FTSE 100 is higher by +0.6%, the DAX has advanced +0.57%, and the CAC 40 has risen +0.33%
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.06x
  • Basic Resources (+1.98%), Technology (+1.08%), and Industrial Goods & Services (+0.73%) stocks are the top performers in the Euro Stoxx 600 today
  • Food & Beverage (-0.66%), Real Estate (-0.58%), and Utilities (-0.16%) stocks are the worst performers in the Euro Stoxx 600 today
  • 181 stocks in the Euro Stoxx 600 are at 4-week highs while 24 stocks are at 4-week lows
  • 64 stocks in the Euro Stoxx 600 are overbought while 6 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 13.85 after closing at 14.34 yesterday

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1338
  • GBP£ is currently down -0.261% against the USD$ to 1.3009
  • CHF is currently little changed against the USD$ at 0.9994

Highlights from the European Bond Market

  • Generic Euro 10-Year Bonds are higher with yields down -2.1 basis points to 0.106%
  • German 10-Year Bunds are higher with yields down -2.1 basis points to 0.106%
  • French 10-Year Government Bonds are higher with yields down -1.9 basis points to 0.523%
  • UK 10-Year GILTs are higher with yields down -4.3 basis points to 1.159%
  • Italian 10-Year Government Bonds are lower with yields up 5.2 basis points to 2.885%
  • Spanish 10-Year Government Bonds are higher with yields down -3.3 basis points to 1.17%

 

 

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Euro Stoxx 50 Movers

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

Outperformers Sector Price 1D % Chg Volume
Siemens AG Utilities 96.2 1.64%                  982,703
Societe Generale SA Energy 25.4 1.60%               1,773,391
ASML Holding NV Health Care 163 1.60%                  319,098
AXA SA Health Care 21.7 1.38%               2,994,020
Deutsche Post AG Health Care 27.2 1.15%                  780,587
 
Underperformers Sector Price 1D % Chg Volume
Anheuser-Busch InBev SA/NV Energy 66.2 -3.21%                  894,899
Unilever NV Information Technology 48.8 -1.32%               1,290,986
Unibail-Rodamco-Westfield Telecommunication Services 142 -1.20%                  140,233
L'Oreal SA Health Care 224 -0.58%                  116,104
Danone SA Financials 67.4 -0.56%                  381,106
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