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.
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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 |