Latest from the Quantamize Blog

European Stocks at Midday

Jun 20, 2018

European Markets

  • Sentiment across European equity markets is positive today. The Euro Stoxx 600 is higher today and is on pace to end a 3-day skid. EUR€ is down on further dovish comments from the ECB. German economic data came in slightly stronger than expected
  • European stocks are higher across the board with the Euro Stoxx 600 up 0.67%, the FTSE 100 rising 0.83%, the DAX gaining 0.22%, and the CAC 40 climbing 0.24%
  • All sectors in the Euro Stoxx 600 are in positive territory
  • Healthcare (+1.02%), materials (+0.97%), and consumer staples stocks (+0.95%) are the biggest outperformers today
  • Market breadth for the Euro Stoxx 600 is decidedly positive with 438 stocks advancing, compared to 152 declines
  • Volume across European markets is 6.69% below its 10-day average
  • Germany’s May PPI increased be 2.7% Y/Y, which was modestly above the consensus (+2.6% Y/Y grow forecasted)

Highlights from the European Bond Market

  • Italian sovereign treasuries are higher today, with the yield on Italy’s 10-year down 1.1 basis points to 2.536%
  • The German Bund is little changed, with the yield on Germany’s 10-year down 0.3 basis points to 0.365%
  • Yield on the Greek 10-year bond is down 2.1 basis points to 4.290%

What is Going on with European Currencies?

  • EUR€ is down 0.13%, to EUR€1.1579/USD$, following remarks from ECB Governing Council member Ewald Nowotny regarding the ECB’s acceptance of interest rate divergence between the Fed and ECB
  • GBP£ is unchanged, to GBP£1.3181/USD$
  • SEK is 0.21% higher, to SEK0.1126/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 2.63 0.06 2.32% 50.98M
Banco Santander SA BME:SAN 4.76 0.1 2.15% 19.06M
Volkswagen AG XTRA:VOW3 155.42 3.12 2.05% 790.44k
Banco Bilbao Vizcaya Argentaria SA BME:SAN 6.06 0.1 1.68% 15.37M
Vivendi SA ENXTPA:VIV 21.49 0.29 1.37% 932.30k
Underperformers Ticker Price Chg % Chg Volume
E.ON SE DB:EOAN 9.14 -0.1 -1.12% 4.58M
adidas AG DB:ADS 188.1 -1.3 -0.69% 374.69k
Orange SA ENXTPA:ORA 14.39 -0.06 -0.42% 1.87M
Nokia OYJ HLSE:NOKIA 5.1 -0.01 -0.27% 5.22M
Bayerische Motoren Werke AG DB:BMW 83.83 -0.23 -0.27% 585.91k