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European Stocks at Midday

May 09, 2018

European Markets

  • European equities are mixed, with markets broadly retreating from earlier highs
  • Euro Stoxx 600 +0.09%, DAX -0.03%, the CAC40 -0.09%, and the FTSE 100 +0.46%
  • Energy (+1.87%), consumer staples (+0.45%), and financials (+0.38%) are the biggest outperforming sectors in the Euro Stoxx 600, while utilities (-0.72%), consumer discretionary (-0.60%), and telecommunications services (-0.35%) are the only sectors in the red
  • Market breath in the Euro Stoxx 600 is negative (236 advances to 287 declines), despite the Euro Stoxx 600’s positive returns
  • The Euro Stoxx 600 is trading at nearly 118% of its average 10-day volume

European General Outlook

  • According to a Reuters report, Eurozone money marks are taking a softer position on an ECB rate hike in 2019, with markets now pricing in a 75% change of a 0.10% rate increase in mid-2019. Weaker than projected economic growth and slowing inflation have tempered expectations of more a substantial ECB rate hike
  • Lithuania’s Central Bank Chief, Vitas Vasiliauskas, has joined the growing chorus of ECB governors stating that the ECB’s QE program will unwind throughout the current year, despite any slowdown in Eurozone growth
  • France’s Industrial Production growth for March fell 0.4%, in contrast to expectations of a 0.4% increase, and reversing from the 1.2% growth in February
  • Italian retail sales in March grew significantly more than estimated on a y/y basis (+2.9% vs +0.1% consensus). Retail sales in Italy grew nearly 4 times faster in March than they did in February y/y (+0.7% retail sales growth in February)
  • Norway’s April PPI increase was slower than projected on a y/y basis (+4.3% vs +6.4% estimated)
  • Spanish Industrial Production for March grew 5.1%, on a y/y basis, exceeding forecasts for a 3.1% increase
  • Sweden’s CPI growth for April was relatively in-line with the consensus (+1.7% y/y vs +1.8% y/y)
  • The UK’s retail spending in April declined sharply compared to March on a y/y basis (-3.1% y/y, vs +2.3% prior)

Euro Stoxx 50 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Siemens AG DE:SIE 115.04 4.74 4.30% 2.84M
Anheuser-Busch InBev SA/NV ENXTBR:ABI 85.61 2.89 3.49% 1.31M
Eni SpA BIT:ENI 16.64 0.40 2.48% 9.70M
Intesa Sanpaolo SpA BIT:ISP 3.18 0.04 1.16% 58.87M
BNP Paribas SA ENXTPA: BNP 62.59 0.63 1.02% 1.33M


Underperformers Ticker Price Chg % Chg Volume
ING Groep NV ENXTAM:INGA 13.55 -0.35 -2.52% 11.40M
Deutsche Telekom AG DB:DTE 14.22 -0.29 -2.00% 9.61M
Volkswagen AG XTRA:VOW3 170.98 -2.74 -1.58% 430.50k
adidas AG DB:ADS 191.15 -2.45 -1.27% 525.29k
Airbus SE ENXTPA:AIR 99.07 -1.17 -1.17% 489.56k