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European Stocks at Midday

Jun 08, 2018

European Markets

  • Risk-off sentiment in European equity markets is being driven by concerns about an expectedly turbulent G-7 meeting today, at which trade disputes will likely be in focus. Disappointing economic data out of France and Germany further dampened investor outlook in the region
  • European stocks are declining across the board with the Euro Stoxx 600 down 0.16%, the FTSE 100 sliding 0.17%, the DAX falling 0.64%, and the CAC40 lower by 0.12%
  • Real estate (+0.42%) is the only sector in positive territory in the Euro Stoxx 600
  • Utilities (-0.90%), financials (-0.71%), and health care stocks (-0.50%) are the largest laggards today
  • Market breadth for the Euro Stoxx 600 is notably negative with 344 stocks declining, compared to 228 advances
  • Volume across European markets is 5.97% below its 10-day average
  • Germany’s trade surplus in April was €19.4 billion, which was below the consensus (€20.3 billion) and was lower than March’s surplus (€21.6 billion).
  • Industrial production in Germany for April fell 1.0% M/M, in contrast to expectations for a 0.2% M/M increase
  • French industrial production fell 0.5% M/M in April, though production was expected to rise by 0.4%

What is Going on with European Currencies?

  • USD$ stronger against major European currencies, as weak Eurozone data forces currencies in the region lower
  • SEK is depreciating by 0.63%, to SEK0.1142/USD$
  • EUR€ is 0.46% weaker, to EUR€1.1748/USD$, and is on pace to end a 3-day streak of advances
  • GBP£1.3395 is down 0.25%, to GBP£1.3395/USD$

Highlights from the European Bond Market

  • German Bunds rallying following yesterday’s sell-off, with yields on the German 10-year down 4.5 basis points to 0.432%, 0.05% higher from this week’s open
  • Italian treasuries continue to sell-off over political uncertainty, and the yield on Italy’s 10-year is up 4.2 basis points to 3.071%. Yields on the Italian 10-year rose 11.7 basis points yesterday
  • Yields on Greece’s 10-year bond are up 12.8 basis points to 4.645%
  • UK sovereign treasuries are higher today as yields on the UK 10-year have slid 2.2 basis points to 1.375%

 

*Data in Price Return

Euro Stoxx 50 Movers

In local currency.

On Mobile/Tablet scroll to the right. 

Outperformers Ticker Price Chg % Chg Volume
Airbus SE ENXTPA:AIR 100.86 1.21 1.21% 529.08k
adidas AG DB:ADS 200.10 1.90 0.96% 259.49k
LVMH Moet Hennessy Louis Vuitton SE ENXTPA:MC 298.95 2.80 0.95% 335.14k
BASF SE DB:BAS 86.04 0.75 0.88% 1.28M
SAP SE DB:SAP 100.30 0.68 0.68% 1.16M

 

Underperformers Ticker Price Chg % Chg Volume
Deutsche Post AG DB:DPW 30.16 -2.53 -7.74% 10.85M
Cie de Saint-Gobain ENXTPA:SGO 42.88 -1.33 -3.00% 1.70M
Telefonica SA BME:TEF 7.58 -0.16 -2.07% 51.51M
Enel SpA BIT:ENEL 4.60 -0.08 -1.69% 15.77M
Intesa Sanpaolo SpA BIT:ISP 2.41 -0.04 -1.65% 67.33M