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European Stocks at Midday

May 10, 2018

European Markets

  • European equities are trading slightly lower after trading higher on the open
  • Euro Stoxx 600 -0.21%, DAX +0.37%, the CAC40 flat, and the FTSE 100 +0.01%
  • Information technology (+0.48%), Materials (+0.43%), and Industrials (+0.38%) are the biggest outperforming sectors in the Euro Stoxx 600, while Telecommunication (-1.02%), Utilities (-0.91%), and Energy (-0.64%) are biggest laggards
  • The advance decline ratio is positive for the Euro Stoxx 600 at 1.21 with 223 stocks advancing and 184 declining despite the overall market negative at midday
  • Volume on the Euro Stoxx 600 is +13.08% above its 10-Day average and 10D realized volatility is at 7.72, quite lower than 50D realized volatility which is at 10.313

European General Outlook

  • The Bank of England decided to leave its key rate at 0.5% and QE target at £435bn while citing that rates are likely to go up at some time in the next year
  • CPI in Ireland for April came in at +0.4% Y/Y vs prior month of +0.2% while CPI M/M came in at -0.2% for April vs prior month of +0.3%
  • The ECB has said that an ample degree of monetary stimulus remains necessary for underlying inflation pressures to continue to build up and support headline inflation developments
  • In Italy, Salvini and Di Maio met for government talks after Forza Italia leader Berlusconi opened the way for talks to begin
  • German Economy Minister Altmaier said Germany will not put the brakes on French proposals for EU reform. Altmaier cited that President Macron and Chancellor Merkel share clear convictions on many topics
  • The EU is seeking exemptions from the new US sanctions on Iran. French diplomats are said to make use of the next three to six months before US penalties are fully reinstated to seek carve-outs for EU companies
  • The UK Industrial Production reading came in at +2.9% Y/Y vs consensus of +3.1% Y/Y and its prior reading was revised to 2.1% from 2.2%. Its trade balance was £-12.29bn vs -£11.2bn consensus

Euro Stoxx 50 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Siemens AG DB:SIE 116.22 1.62 1.41% 988.85k
BASF SE DB:BASF 86.99 0.85 0.99% 863.65k
Schneider Electric SE ENXTPA:SU 75.94 0.72 0.96% 406.18k
ASML Holding NV ENXTAM:ASML 167.00 1.40 0.85% 313.17k
Vivendi SA ENXTPA:VIV 23.07 0.17 0.74% 550.47k


Underperformers Ticker Price Chg % Chg Volume
Enel SpA BIT:ENEL 5.06 -0.18 -3.51% 30.88M
Allianz SE DB:ALV 191.74 -6.80 -3.42% 495.21k
Anheuser-Busch InBev SA/NV ENXTBR:ABI 80.59 -2.13 -2.57% 861.70k
Eni SpA BIT:ENI 16.41 -0.28 -1.67% 7.78M
E.ON SE DB:EOAN 9.40 -0.13 -1.34% 6.39M