blog

Latest from the Quantamize Blog

European Stocks at Midday

May 25, 2018

European Markets

  • Investor sentiment in the region is mixed after North Korea expressed a willingness to continue its dialogue with the US, despite President Trump’s decision to cancel the US-North Korea summit, but political instability in Spain restrained investor’s risk appetite
  • European stocks are advancing across the board with the Euro Stoxx 600 +0.19%, the FTSE 100 +0.14%, the DAX +0.74%, and the CAC40 +0.31%
  • Consumer discretionary (+0.72%), information technology (+0.67%), and health care (+0.49) are the best performing stocks in the Euro Stoxx 600
  • Energy (-0.75%) and utilities (-0.65%) were the biggest underperforming stocks in the Euro Stoxx 600
  • Market breadth in the Euro Stoxx 600 is decidedly positive with 380 stocks advancing, compared to 197 declines
  • Volume across Europe is 16.47% below its 10-day average
  • A Financial Times report showed that western European equity funds saw the biggest cash outflows in nearly 2 years, due largely to political instability in Italy. For the week ended May 24th, 2018 equity fund withdrawals totaled $2.6 billion, while bond fund outflow was measured at $1.8 billion. YTD, western European equity funds have experienced a net outflow of $8.9 billion
  • Spain’s Socialist Party (PSOE) is calling for a vote of no-confidence against Spanish Prime Minister Mariano Rajoy
  • The 2nd estimate of UK’s 1Q2018 GDP growth came in at +1.2% Y/Y, in-line with preliminary results
  • Austrian Industrial Production growth in March was significantly weaker than expected on a Y/Y basis (+3.9% vs 5.1% consensus).
  • Norway’s unemployment rate for March was in-line with projections (3.9% vs 3.9% forecasted)

Highlights from the European Bond Market

  • German Treasuries are rallying, with yields on Germany’s 10-year bund down 5 basis points to 0.417%
  • Yields on UK’s 10-year bonds have fallen 5 basis points to 1.349%
  • Italian Treasuries continue to sell off, and yields on the Italian 10-year are up 7.1 basis points to 2.449%
  • After moving higher yesterday, Spanish Treasuries have slid today with yields on the 10-year +7.7 basis points to 1.457%

What is Going on with European Currencies?

  • EUR€ is 0.44% weaker against the USD$
  • GBP£ has depreciated by 0.42% compared to the USD$

*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 197.75 4.4 2.28% 402.49k
Vivendi SA ENXTPA:VIV 22.91 0.4 1.78% 1.47M
Safran SA ENXTPA:SAF 101.95 1.45 1.44% 289.40k
Bayer AG DB:BAYN 103.3 1.34 1.31% 1.15M
Fresenius SE & Co KGaA DB:FRE 67.84 0.84 1.25% 368.58k

 

Underperformers Ticker Price Chg % Chg Volume
Banco Santander SA BME:SAN 4.95 -0.17 -3.37% 34.01M
Banco Bilbao Vizcaya Argentaria SA BME:BBVA 6.17 -0.21 -3.35% 13.85M
Intesa Sanpaolo SpA BIT:ISP 2.65 -0.07 -2.68% 107.64M
Iberdrola SA BME:IBE 6.34 -0.12 -1.80% 8.91M
Telefonica SA BME:TEF 7.71 -0.13 -1.68% 7.92M