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European Stocks at Midday

Jun 29, 2018

European Markets

  • Sentiment across European equity markets is notably positive today, reversing from the downbeat outlook yesterday, despite further global trade uncertainty following reports that the US is considering withdrawing from the WTO. Eurozone inflation data for June was in-line with the consensus. European currencies are mostly stronger against the USD$ today
  • European stocks are broadly higher today with the Euro Stoxx 600 +1.00%, the FTSE 100 +0.69%, the DAX +1.37%, and the CAC 40 +1.24%
  • All sectors in the Euro Stoxx 600 are in positive territory
  • Information technology (+1.78%), health care (+1.72%), and industrials stocks (+1.59%) are the biggest outperformers in the Euro Stoxx 600
  • Energy (+0.01%), telecommunications (+0.12%), and utilities stocks (+0.25%) are the most significant laggards
  • Market breadth for the Euro Stoxx 600 is notably positive with 487 out of 600 stocks trading higher today
  • Volume across European markets is 11.00% above its 10-day average
  • Eurozone CPI grew 2.0% Y/Y in June, which matched expectations
  • UK’s final 1Q2018 GDP grew 1.2% Y/Y, which was in line with the previous estimate
  • German retail sales fell 1.6% Y/Y in May, which sharply contrasted expectations (+1.8% Y/Y growth anticipated). Germany’s unemployment in June came in in-line with estimates (5.2% vs 5.2% projected)
  • French CPI for June increased slightly less than expected on a Y/Y basis (+2.1% vs +2.2% forecasted). France’s PPI for May grew at a faster rate than was expected (+2.9% Y/Y vs +2.1% Y/Y estimated)

Highlights from the European Bond Market

  • Italian treasuries are higher today, with the yield on Italy’s 10-year down 7.2 basis points to 2.699%
  • UK sovereign treasuries are selling-off, as the yield on the UK 10-year has risen 2.5 basis points to 1.285%
  • Yield on Greece’s 10-year bond is 9.2 basis points lower to 3.895%
  • Spanish 10-year bonds are up today, with the yield on Spain’s 10-year down 3.0 basis points to 1.237%

What is Going on with European Currencies?

  • European currencies are mostly stronger against the USD$
  • EUR€ is up 0.79%, to EUR€0.8576/USD$
  • GBP£ is 0.64% higher, to GBP£0.7598/USD$
  • CHF is 0.51% stronger, to CHF0.9922/USD$
  • SEK is advancing 0.58%, to SEK8.9660/USD$

*Data in Price Return, Source: S&P Capital IQ

Euro Stoxx 50 Movers

In local currency.

On Mobile/Tablet scroll to the right.

Outperformers Ticker Price Chg % Chg Volume
Safran SA ENXTPA:SAF 103.35 3.20 3.20% 521.99k
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen DB:MUV2 182.40 4.55 2.56% 416.05k
ASML Holding NV ENXTAM:ASML 169.90 4.10 2.47% 559.29k
Banco Bilbao Vizcaya Argentaria SA BME:BBVA 6.11 0.15 2.45% 9.63M
Allianz SE DB:ALV 176.86 4.16 2.41% 1.06M

 

Underperformers Ticker Price Chg % Chg Volume
Industria de Diseno Textil SA BME:ITX 29.23 -0.24 -0.81% 864.16k
Volkswagen AG XTRA:VOW3 142.84 -0.30 -0.21% 512.76k
Vivendi SA ENXTPA:VIV 21.11 -0.01 -0.05% 1.16M
Daimler AG XTRA:DAI 55.32 0.09 0.16% 1.81M
Eni SpA BIT:ENI 15.94 0.03 0.19% 3.85M