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European Stocks at Midday

Jun 19, 2018

European Markets                                                                                                                                                                                         Start Your Free Trial Today

  • Sentiment in European equity markets is decidedly risk-off, as accelerating Sino-American trade tensions continue to roil markets. Euro area currencies are broadly weaker today, while the European bond market strengthens
  • European Stock Market
  • European stocks are down across the board with the Euro Stoxx 600 declining 0.84%, the FTSE 100 falling 0.55%, the DAX retreating 1.35%, and the CAC 40 sliding 1.28%
  • All sectors in the Euro Stoxx 600 are in the red
  • Materials (-1.68%), information technology (-1.57%), and consumer discretionary stocks (-1.32%) are the biggest underperformers in the Euro Stoxx 600
  • Market breadth for the Euro Stoxx 600 is notably negative with 132 stocks advancing while 430 stocks declined
  • Volume across European markets is 4.01% above its 10-day average
  • Sweden’s unemployment rate for May came in at 6.5%, which was in-line with the consensus

Highlights from the European Bond Market

  • The German Bund is rallying today, with the yield on the German 10-year down 3.8 basis points to 0.356%
  • Yield on the Italian 10-year bond is 1.7 basis points higher to 2.557%
  • UK treasuries are higher today, and the yield on the UK 10-year bond is 5.3 basis points lower to 1.265%
  • French sovereign treasuries are up today, with the yield on France’s 10-year 3.2 basis points lower to 0.686%

What is Going on with European Currencies?

  • European currencies largely weaker against USD$
  • EUR€ is 0.72% lower, to EUR€1.1536/USD$, after ECB President Mario Drahi promised that the ECB will not rush to raise interest rates, reaffirming the message he delivered last Thursday at the June ECB meeting
  • GBP£ is 0.66% weaker, to GBP£1.3157/USD$, ahead of Wednesday’s expectedly tight Brexit vote
  • SEK is down 1.46%, to SEK0.1117/USD$

*Data in price return.

Euro Stoxx 50 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Vinci SA ENXTPA:DG 83.94 -0.04 -0.05% 552.18k
Unilever NV ENXTAM:UNA 46.49 -0.07 -0.15% 2.04M
Intesa Sanpaolo SpA BIT:ISP 2.55 0 -0.20% 37.38M
Anheuser-Busch InBev SA/NV ENXTBR:ABI 82.77 -0.21 -0.25% 613.25k
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen DB:MUV2 179.9 -0.5 -0.28% 290.91k

 

Underperformers Ticker Price Chg % Chg Volume
ASML NA Equity ASML Holding NV 175.65 -6.15 -3.38% 621.42k
AIR FP Equity Airbus SE 99.1 -2.8 -2.75% 634.71k
SAF FP Equity Safran SA 99.08 -2.72 -2.67% 462.80k
VOW3 GY Equity Volkswagen AG 151.9 -4.16 -2.67% 785.97k
MC FP Equity LVMH Moet Hennessy Louis Vuitton SE 288.85 -7.85 -2.65% 322.46k