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European Stocks at Midday

Jul 02, 2018

European Stock Market

  • Sentiment in European markets is decidedly negative today, as rising Sino-American trade tensions have heightened concerns about the impact of trade barriers on economic growth. In Germany, political uncertainty is mounting as investors worry about Chancellor Angela Merkel’s ability to maintain control of the German government following disputes over Germany’s immigration policies. Euro area currencies are broadly weaker against the USD$
  • European stocks are trading broadly lower with the Euro Stoxx 600 -0.73%, the FTSE 100 -0.81%, the DAX -0.30%, and the CAC 40 -0.79%
  • Utilities (+0.13%) and consumer staples stocks (+0.07%) were the only stocks in the Euro Stoxx 600 to finish in positive territory
  • Financials (-1.25%), industrials (-1.07%), and materials stocks (-0.95%) were the largest laggards
  • Market breadth for the Euro Stoxx 600 is notably negative with only 93 stocks advancing, compared to 494 declines
  • Volume across European equity markets is 3.94% below its 10-day average
  • Eurozone unemployment in May came in slightly below the consensus (8.4% vs 8.5% expected). The Eurozone’s Manufacturing PMI for June was relatively in-line with expectations (54.9 vs 55.05 anticipated)
  • Italy’s May unemployment data was better than forecasted (10.7% vs 11.1% projected)

Highlights from the European Bond Market

  • UK treasuries are rallying today, with the yield on the UK 10-year down 2.6 basis points to 1.250%
  • Italian 10-year bonds are selling-off, with the yield on Italy’s 10-year up 6.9 basis points to 2.736%
  • The German Bund is unchanged today, with yield on Germany’s 10-year bond at 0.297%
  • Spanish sovereign treasuries are higher, with the yield on Spain’s 10-year down 1.5 basis points to 1.300%

What is Going on with European Currencies?

  • EUR€ is down 0.45%, to EUR€0.8597/USD$
  • GBP£ is 0.54% weaker, to GBP£0.7615/USD$
  • SEK is 0.38% lower, to SEK8.9779/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
Daimler AG XTRA:DAI 56.21 1.08 1.96% 2.76M
E.ON SE DB:EOAN 9.24 0.08 0.92% 5.76M
Bayerische Motoren Werke AG DB:BMW 78.24 0.61 0.79% 830.81k
Bayer AG DB:BAYN 94.74 0.39 0.41% 935.82k
Danone SA ENXTPA:BN 63.10 0.23 0.37% 482.57k

 

Underperformers Ticker Price Chg % Chg Volume
Airbus SE ENXTPA:AIR 98.05 -2.21 -2.20% 711.46k
Nokia OYJ HLSE:NOKIA 4.82 -0.11 -2.19% 5.82M
Banco Bilbao Vizcaya Argentaria SA BME:BBVA 5.94 -0.13 -2.16% 10.78M
Safran SA ENXTPA:SAF 102 -2.05 -1.97% 613.94k
Fresenius SE & Co KGaA DB:FRE 67.5 -1.30 -1.89% 381.22k