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European Stocks at Midday

Jun 26, 2018

European Stock Market

  • Sentiment across European equity markets is notably more positive than it was yesterday, though Euro area stocks have moved well off of today’s earlier highs
  • European stocks are mostly higher this morning with the Euro Stoxx 600 +0.17%, the FTSE 100 +0.52%, the CAC40 +0.28%, while the DAX is down 0.05%
  • Utilities (+0.91%), information technology (+0.90%), and energy stocks (+0.78%) are the biggest outperformers in the Euro Stoxx 600
  • Telecommunications (-0.51%), real estate (-0.47%), and health care stocks (-0.17%) are the most significant decliners today
  • Market breadth for the Euro Stoxx 600 is positive with 330 stocks advancing, compared to 252 declines
  • Volume across European markets is 11.08% above its 10-day average
  • Greece’s credit rating has been upgraded from a B positive, to a B+ stable at S&P
  • ECB Executive Board Member Benoit Coeure remarked that the ECB will purchase around $15 billion worth of bonds per month in FY2019, using cash from maturing debt that was acquired during its QE program
  • According to a report by The Sun, the EU will attempt to soften British PM Theresa May’s stance on Brexit, by publicly pledging to offer a better deal if she is willing to be more flexible

Highlights from the European Bond Market

  • Italian treasuries are selling-off today, with the yield on Italy’s 10-year up 8.8 basis points to 2.901%
  • The German Bund is higher, as the yield on Germany’s 10-year fell 0.5 basis points to 0.318%
  • Yield on Spain’s 10-year bond has risen 3.2 basis points to 1.374%
  • Greek sovereign treasuries are rallying, with the yield on Greece’s 10-year down 1.1 basis points to 4.056%, after the country’s credit was upgraded by S&P

What is Going on with European Currencies?

  • EUR€ is 0.26% weaker, to EUR€1.1675/USD$
  • GBP£ is down 0.28%, to GBP£1.3245/USD$
  • SEK has fallen 0.07%, to SEK0.1129/USD$

*Data in Price Return, Source: Stockdio

Euro Stoxx 50 Movers

In local currency.

On Mobile/Tablet scroll to the right.

Outperformers Ticker Price Chg % Chg Volume
ASML Holding NV ENXTAM:ASML 171.80 3.40 2.02% 421.56k
CRH PLC ISE:CRG 30.64 0.54 1.79% 210.82k
Iberdrola SA BME:IBE 6.56 0.10 1.49% 13.84M
Engie SA ENXTPA:ENGI 13.21 0.19 1.42% 1.10M
E.ON SE DB:EOAN 9.14 0.13 1.39% 4.35M

 

Underperformers Ticker Price Chg % Chg Volume
Intesa Sanpaolo SpA BIT:ISP 2.47 -0.03 -1.18% 47.28M
Bayerische Motoren Werke AG DB:BMW 78.00 -0.85 -1.08% 983.86k
Volkswagen AG XTRA:VOW3 144.18 -1.56 -1.07% 671.26k
Cie de Saint-Gobain ENXTPA:SGO 38.12 -0.39 -1.03% 566.97k
Deutsche Post AG XTRA:DPW 28.23 -0.28 -0.98% 2.03M