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European Stocks at Midday

May 16, 2018

European Markets Recap

  • European stocks are broadly higher with the Euro Stoxx 600 +0.08%, the Dax +0.29%, the FTSE 100 +0.10% and the CAC40 +0.04%
  • Materials stocks (+1.15%) are leading the positive move in European stocks
  • Financials stocks (-0.91%) are notable underperformers following downgrades from Credit Suisse and RBC Capital Markets of a select group of banks
  • Italian 5-year CDS spreads +4.2 basis points to 109.32 basis points
  • Italian 10-year yields are +10.8 basis points to 2.053%
  • A Bloomberg article highlighted the 200%+ rally in Kering (ENXTPA:KER) over the last 2 years (70%+ on a trailing 12-month basis) amidst booming demand from Asia and millennials for luxury goods. Kering is now the 7th largest stock by market capitalization in the CAC 40 (up from 15th a year ago)
  • EUR€ is down on concerns about the impact of new populist Italian government. A draft of the pact between Italy’s League and Five Star parties outlined a plan to leave the EUR€. German chancellor Angela Merkel warned that further integration was needed in Italy
  • Eurozone CPI growth in April came in at +1.2% y/y, in-line with expectations

*Data in Price Return

Euro Stoxx 50 Movers

In local currency.

On Mobile/Tablet scroll to the right. 

Outperformers Ticker Price Chg % Chg Volume
adidas AG DB:ADS 193.65 4.75 2.51% 462.40k
Air Liquide SA ENXTPA:AI 109.65 1.35 1.25% 303.44k
BASF SE DB:BAS 88.56 0.93 1.06% 746.59k
CRH PLC ISE:CRG 30.69 0.27 0.89% 221.09k
Bayer AG DB:BAYN 102.90 0.90 0.88% 796.40k

 

Underperformers Ticker Price Chg % Chg Volume
Intesa Sanpaolo SpA BIT:ISP 3.08 -0.10 -3.10% 89.58M
Deutsche Bank AG DB:DBK 10.95 -0.33 -2.96% 11.08M
Engie SA ENXTPA:ENGI 14.35 -0.43 -2.88% 2.65M
Enel SpA BIT:ENEL 4.99 -0.14 -2.80% 19.80M
Eni SpA BIT:ENI 16.37 -0.40 -2.36% 8.46M