European Stocks at Midday

May 21, 2018

European Markets

  • European equities are mostly advancing with the Euro Stoxx 600 +0.26%, the FTSE 100 +0.66%, the CAC 40 +0.50%, while only the DAX (-0.28%) is in negative territory
  • Easing Sino-American trade tensions are having positive effects on European markets
  • Industrials (+0.48%) and utilities stocks (+0.28%) are the best performers in the Euro Stoxx 600
  • Telecommunications services (-0.79%) and the financials (-0.13%) sectors are the biggest underperformers in the Euro Stoxx 600
  • Market breath in the Euro Stoxx 600 is notably positive with 371 stocks advancing, while 108 stocks are declining
  • The Euro Stoxx 600 is trading 23.10% below its 10-day average volume, due to German, Swiss, Norwegian, Danish, and Austria markets being closed for Whit Monday
  • Italy’s Five Star Movement and La Lega populist parties have come to an agreement on a selection for the next Italian Prime Minister, though the candidate’s name has not been released. Italy’s coalition government is also reportedly set to propose a cabinet to Italian President Sergio Mattarella at some point this week
  • According to a Bloomberg report, Greece and its creditors reached an agreement on the next steps Greece must take for completing the country’s bailout review. This marks important progress in allowing Greece to exit the bailout program, restructure its debt, and participate in the EU’s QE program

What is Going on with European Currencies?

  • The GBP£ has depreciated by 0.34% against the USD$
  • EUR€ is 0.14% weaker compared to the USD$, with the Euro declining for the 6th consecutive day on continued uncertainty in Italy

Highlights from the European Bond Market

  • Italian 10-year bonds continue to sell-off, with yields on the Italian 10-year more than 7 basis points higher
  • Yields on Portugal’s 10-year bond have increased by nearly 7 basis points
  • Swedish bonds are rallying, and yields on Sweden’s 10-year bond have fallen by almost 3 basis points

*Data in Price Return

Euro Stoxx 50 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Airbus SE ENXTPA:AIR 100.16 2.32 2.37% 441.68k
Danone SA ENXTPA:BN 65.88 1.00 1.54% 573.38k
Koninklijke Ahold Delhaize NV ENXTAM:AD 19.72 0.26 1.35% 1.46M
Vivendi SA ENXTPA:VIV 23.04 0.22 0.96% 919.50k
Koninklijke Philips NV ENXTAM:PHIA 36.94 0.35 0.94% 503.94k

 

Underperformers Ticker Price Chg % Chg Volume
Intesa Sanpaolo SpA BIT:ISP 2.81 -0.19 -6.32% 91.22M
Eni SpA BIT:ENI 16.10 -0.45 -2.72% 7.32M
Banco Bilbao Vizcaya Argentaria SA BME:BBVA 6.53 -0.05 -0.74% 15.83M
Iberdrola SA BME:IBE 6.56 -0.04 -0.64% 9.38M
Banco Santander SA BME:SQ 5.17 -0.03 -0.63% 13.75M