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European Stocks at Midday

Jun 27, 2018

European Stock Market                                                                                                                                                                                Start Your Free Trial Today

  • Positive sentiment in European markets has continued from yesterday, with European stocks broadly higher, as the Trump Administration took a less confrontational stance in its trade spat with China. European sovereign treasuries are stronger, while Euro area currencies are mostly lower against the USD$
  • European stocks are higher across the board today, with the Euro Stoxx 600 +0.36%, the FTSE 100 +0.61%, the DAX +0.58%, and the CAC 40 +0.56%
  • Financials stocks (-0.28%) are the only stocks in the Euro Stoxx 600 to finish in positive territory
  • Energy (+1.50%), materials (+0.86%), and industrials stocks (+0.68%) are the biggest outperformers today
  • Market breadth for the Euro Stoxx 600 is notably positive with 405 stocks advancing compared to 174 declines
  • Volume across European markets is 40.38% above its 10-day average
  • The M3 money supply for May grew 4.0% Y/Y, which was slightly above projections for a 3.8%Y/Y growth
  • There is a still a threat of collapse for Germany’s 3-month old coalition government, after crisis negotiations early Wednesday morning failed to produce any resolution to a disagreement between German PM Angela Merkel and other parties over immigration according to a Reuters report

Highlights from the European Bond Market

  • Italian sovereign treasuries are up today, with the yield on Italy’s 10-year down 6.6 basis points to 2.816%
  • Yield on the UK 10-year is 3.1 basis points to 3.0%
  • Spanish treasuries are rallying as the yield on Spain’s 10-year fell 5.7 basis points to 1.327%
  • Greek 10-year bonds are advancing, with the yield on the Greek 10-year declining 2.4 basis points to 4.022%

What is Going on with European Currencies?

  • GBP£ is 0.35% weaker, to GBP£0.7588/USD$
  • EUR€ is down 0.19%, to EUR€0.8599/USD$
  • SEK is 0.24% lower, to SEK8.9051/USD$ 

*Data in price return.

Euro Stoxx 50 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Safran SA SAF FP Equity 99.38 1.74 1.78% 530.21k
Eni SpA ENI IM Equity 15.67 0.23 1.52% 5.08M
Fresenius SE & Co KGaA FRE GY Equity 69.06 0.92 1.35% 575.61k
TOTAL SA FP FP Equity 51.98 0.5 0.97% 1.75M
Iberdrola SA IBE SQ Equity 6.61 0.06 0.89% 3.72M
Underperformers Ticker Price Chg % Chg Volume
Deutsche Bank AG DBK GY Equity 8.96 -0.25 -2.7% 18.01M
Intesa Sanpaolo SpA ISP IM Equity 2.43 -0.05 -2.0% 71.00M
Banco Santander SA SAN SQ Equity 4.54 -0.07 -1.5% 49.35M
Banco Bilbao Vizcaya Argentaria SA BBVA SQ Equity 5.94 -0.08 -1.3% 28.04M
ING Groep NV INGA NA Equity 12.25 -0.1 -0.8% 8.34M