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European Stocks at Midday

Jun 25, 2018

European Markets

  • Negative sentiment has permeated European markets as concerns regarding escalating Sino-American trade tensions have rolled over into this week and continue to roil markets. Trade frictions are set to increase further, as the Trump Administration is seeking to ban numerous Chinese firms from investing in US technology companies. President Trump also planning a blockage of US technological exports to Beijing, according to a Wall Street Journal report. Italian treasuries are down significantly today, while the EUR€ and GBP£ are stronger against the USD$
  • European stocks are lower across the board, with the Euro Stoxx 600 down 1.17%, the FTSE 100 declining 1.36%, the DAX falling 1.34%, and the CAC40 sliding 0.81%
  • All sectors in the Euro Stoxx 600 are in the red
  • Information technology (-1.54%), materials (-1.46%), and financials stocks (-1.33%) are the most significant underperformers in the Euro Stoxx 600
  • Market breadth for the Euro Stoxx 600 was notably negative with 111 stocks advancing while 484 stocks declined
  • Volume across European markets was 2.99% below its 10-day average
  • Spain’s PPI grew 2.9% Y/Y in May, which was significantly higher than the PPI growth in April (+1.8% prior)
  • Austria’s industrial production in April grew 5.9% Y/Y, which was well above Austria’s March industrial production growth (+3.9% Y/Y prior)

Highlights from the European Bond Market

  • Italian sovereign treasuries are lower today, with the yield on the Italian 10-year up 10.0 basis points to 2.781%
  • UK 10-year bonds are rallying today, as the yield on the UK 10-year has fallen 1.0 basis point to 1.308%
  • Yield on the Spanish 10-year is up 1.8 basis points to 1.361%
  • Swiss treasuries are higher, with the yield on Switzerland 10-year down 1.8 basis points to -0.110%

What is Going on with European Currencies?

  • EUR€ is 0.29% stronger, to EUR€1.1685/USD$
  • GBP£ is up 0.14%, to GBP£1.3282/USD$
  • SEK is 0.15% lower, to SEK0.1127/USD$

*Data in Price Return, Source: Stockdio

Euro Stoxx 50 Movers

In local currency.

Outperformers Ticker Price Chg % Chg Volume
Sanofi ENXTPA:SAN 69.06 0.05 0.07% 475.95k
Anheuser-Busch InBev SA/NV ENXTBR:ABI 85.14 -0.07 -0.08% 252.58k
Essilor International Cie Generale d'Optique SA ENXTPA:EI 120.20 -0.10 -0.08% 99.83k
Vinci SA ENXTPA:DG 83.08 -0.14 -0.17% 196.62k
Unilever NV ENXTAM:UNA 47.49 -0.09 -0.19% 447.84k

 

Underperformers Ticker Price Chg % Chg Volume
ASML Holding NV ENXTAM:ASML 171.55 -5.80 -3.27% 373.39k
Daimler AG XTRA:DAI 56.12 -1.54 -2.67% 1.95M
Volkswagen AG XTRA:VOW3 146.08 -3.30 -2.21% 538.90k
Intesa Sanpaolo SpA BIT:ISP 2.53 -0.05 -2.07% 28.21M
Banco Santander SA BME:SAN 4.64 -0.10 -2.01% 14.00M

Source: S&P Capital IQ