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European Stocks at Midday

May 07, 2018

European Markets

  • European equities are higher across the board with Euro Stoxx 600 +0.44%, DAX +0.55%, and CAC40 +0.07%
  • FTSE 100 closed today for Early May Bank Holiday
  • Information technology (+0.92%), energy (+0.82%), and materials (+0.79%) are best performing sectors across Europe
  • Financials (-0.01%), utilities (+0.16%), and consumer discretionary (+0.27%) are the largest laggards in the Euro Stoxx 600
  • Market breadth in Euro Stoxx 600 notably positive, with 250 stocks advancing to only 68 declines, in a relatively light trading session

European General Outlook

  • Germany’s manufacturing orders for March unexpectedly fell 0.9% m/m, placing Eurozone area economic growth in question. This compares with a median forecast of +0.5%. Factory order growth has dropped for 3 straight months in the economic engine of Europe
  • Switzerland’s CPI for April grew 0.8% y/y, slightly softer than expected (+0.9% consensus)
  • A report by the ECB suggested that escalating Sino-American trade tensions pose a risk to global trade activity, citing declining support for globalization and less frequent trade reforms
  • According to an ECB stress test, Greece's four largest banks would face a €15.5bn loss in capital during a future economic downturn
  • Germany's Federal Minister for Economic Affairs and Energy, Peter Altmaier, is calling for a new US-EU trade deal focused on the industrial sector and reducing trade tariffs

Euro Stoxx 50 Movers

In local currency.

Outperformers Ticker Price Chg % Chg Volume
Nokia OYJ NOKIA.FH  5.20 0.12 2.28% 11.73M
Fresenius SE & Co KGaA FRE.GY  65.72 0.90 1.39% 214.89k
Airbus SE AIR.FP  99.92 1.23 1.25% 379.63k
ASML Holding NV ASML.NA  163.40 1.80 1.11% 338.13k
Volkswagen AG VOW3.GY  174.08 1.36 0.79% 300.00k

 

Underperformers Ticker Price Chg % Chg Volume
Koninklijke Philips NV PHIA.NA  35.26 -0.74 -2.07% 1.05M
BASF SE BAS.GY  85.62 -1.26 -1.45% 1.52M
Orange SA ORA.FP  15.03 -0.13 -0.86% 1.38M
BNP Paribas SA BNP.FP  62.15 -0.52 -0.83% 818.24k
Cie de Saint-Gobain SGO.FP  44.03 -0.33 -0.73% 252.83k