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European Stocks at Midday

Jun 11, 2018

European Markets

  • Sentiment in European markets is cautiously positive ahead of the US-North summit in Singapore. The Euro Stoxx 600 rising for the first time in 5 days. Investors seem to have shrugged off concerns from last week’s turbulent G-7 meeting, with positive outlook being driven by remarks from Italian Finance Minister Giovanni Tria that Italy has every intention of staying within the EUR€ 
  • European stocks are advancing across the board, with the Euro Stoxx 600 up 0.39%, the FTSE 100 higher by 0.72%, the DAX gaining 0.24%, and the CAC40 rising 0.19%
  • All sectors in the Euro Stoxx 600 are in positive territory
  • Materials (+1.16%), financials (+0.97%), and telecommunications services stocks (+0.92%) were the best performing sectors
  • Market breadth for the Euro Stoxx 600 is notably positive with 435 stocks advancing compared to 140 declines
  • Volume across European markets was 2.17% above its 10-day average
  • UK’s trade deficit for April came in at £14.0 billion, which was more significant than anticipated (£11.4 billion deficit estimated). Industrial production growth in April was weaker than expected (+1.8%Y/Y vs +2.7% estimated), as was manufacturing production (+1.4%Y/Y vs +3.1% Y/Y projected)
  • Italy’s industrial production in April increased 1.9% Y/Y, well below growth expectations (+3.4% Y/Y projected)

Highlights from the European Bond Market

  • German Bunds are selling-off, and yield on the German 10-year has risen 3.0 basis points to 0.474%
  • Italian sovereign treasuries are significantly higher today, with yield on Italy’s 10-year bond down 22.0 basis points to 2.887%
  • Yields on the Greek 10-year bond have fallen 13.2 basis points to 4.459%
  • Swiss treasuries are weaker today, as yields on the Swiss 10-year up 1.3 basis points to -0.014%

What is Going on with European Currencies?

  • GBP£ has fallen 0.34%, to GBP£1.336/USD$
  • EUR€ is up 0.16%, to EUR€1.179/USD$
  • SEK is stronger by 0.19%, to SEK0.1149/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
Intesa Sanpaolo SpA BIT:ISP 2.53 0.10 4.23% 90.15M
Deutsche Telekom AG DB:DTE 13.55 0.22 1.61% 7.68M
BASF SE DB:BAS 87.22 1.34 1.56% 918.82k
Enel SpA BIT:ENEL 4.66 0.06 1.35% 11.25M
Anheuser-Busch InBev SA/NV ENXTBR:ABI 81.13 1.03 1.29% 381.56k

 

Underperformers Ticker Price Chg % Chg Volume
Deutsche Post AG XTRA:DPW 30.41 -0.76 -2.44% 3.87M
Cie de Saint-Gobain ENXTPA:SGO 41.51 -0.99 -2.34% 1.82M
Daimler AG XTRA:DAI 60.79 -1.17 -1.89% 1.96M
Unibail-Rodamco SE & WFD Unibail-Rodamco NV ENXTAM:URW 189.80 -2.30 -1.20% 179.68k
Bayer AG DB:BAYN 97.39 -1.05 -1.07% 1.79M