blog

Latest from the Quantamize Blog

European Stocks at Midday

Jun 21, 2018

European Stock Market                                                                                                                                                                                                                                                                                                                                                                                                           Start Your Free Trial Today

  • Sentiment is European markets has turned negative, reversing from yesterday’s positive outlook, as investor concern regrading escalating Sino-American trade tensions continue to linger
  • European stocks are broadly lower with the Euro Stoxx 600 -0.30%, the FTSE 100 -0.65%, the DAX -0.75%, and the CAC 40 -0.42%
  • Healthcare (+0.29%) is the only sector in positive territory in the Euro Stoxx 600
  • Utilities (-0.83%), energy (-0.81%), and industrials stocks (-0.73%) are the most significant decliners in today’s trading
  • Market breadth for the Euro Stoxx 600 is notably negative with only 132 out of 600 stocks advancing today
  • Volume across European markets is 12.67% above its 10-day average
  • According to a Bloomberg report, the ECB estimates that €160 billion worth of QE debt to mature in 2019. The ECB is expected to reinvest the maturing debt back into bonds to mitigate bond market volatility
  • Spain’s trade deficit for April came in significantly higher than expected (€3.05 billion vs €0.83 billion)
  • Switzerland’s trade surplus for May was larger than estimated (CHF 2.76 billion vs CHF 1.89 billion)
  • Netherland’s unemployment rate for May came in at 3.9%, which

Highlights from the European Bond Market

  • Italian sovereign treasuries are falling today, with the yield on Italy’s 10-year up 12.3 basis points to 2.660%
  • The German Bund is higher today, as the yield on the German 10-year is down 0.8 basis points to 0.366%
  • Yield on the UK 10-year bond is up 4.3 basis points to 1.338%
  • Greek treasuries are rallying, with the yield on Greece’s 10-year bond down 4.1 basis points to 4.258%

What is Going on with European Currencies?

  • EUR€ is down 0.29%, to EUR€1.154/USD$
  • GBP€ is 0.24% stronger, to GBP£1.3209/USD$, after BOE chief economist Andy Haldane voted to raise interest rates, despite the BOE deciding to leave interest rates unchanged
  • SEK is falling 0.71%, to SEK0.1118/USD$

*Data in price return.

Euro Stoxx 50 Movers

In local currency.

On Mobile/Tablet scroll to the right

Outperformers Ticker Price Chg % Chg Volume
Fresenius SE & Co KGaA DB:FRE 69.72 0.8 1.16% 514.98k
Anheuser-Busch InBev SA/NV ENXTBR:ABI 84.13 0.86 1.03% 694.14k
adidas AG DB:ADS 190.5 1.85 0.98% 309.87k
Koninklijke Ahold Delhaize NV ENXTAM:AD 20.56 0.14 0.71% 2.34M
Sanofi ENXTPA:SAN 68.6 0.29 0.42% 842.98k

 

Underperformers Ticker Price Chg % Chg Volume
Daimler AG XTRA:DAI 58.14 -2.31 -3.82% 6.74M
Volkswagen AG XTRA:VOW3 150.6 -3.84 -2.49% 1.16M
Bayerische Motoren Werke AG DB:BMW 81.62 -2.06 -2.46% 2.25M
Iberdrola SA BME:IBE 6.47 -0.11 -1.67% 6.18M
BASF SE DB:BAS 83.69 -1.4 -1.65% 992.28k