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European Stocks at Midday

Jul 03, 2018

European Stock Market

  • Sentiment across European equity markets is positive, reversing from yesterday’s declines. Eurozone retail sales data for May came in modestly weaker than expected. Political uncertainty out of Germany has eased, following PM Angela Merkel’s compromise to tighten migration into the country. Euro area currencies are mostly stronger against the USD$
  • European stocks are broadly positive today, with the Euro Stoxx 600 +1.02%, the FTSE 100 +0.73%, the DAX +1.37%, and the CAC 40 +1.03%
  • All stocks in the Euro Stoxx 600 are in positive territory
  • Telecommunications (+1.78%), utilities (+1.51%), and healthcare (+1.33%) are the biggest outperformers in the Euro Stoxx 600
  • Market breadth for the Euro Stoxx 600 is notably positive with 500 out of 600 stocks finishing higher
  • Volume across European markets is 3.18% above its 10-day average
  • Eurozone retail sales for May grew 1.4% Y/Y, slightly below expectations (+1.5% growth anticipated)
  • April’s Final PPI for the Eurozone increased 3.0% Y/Y, which was above the consensus (+2.8% growth forecasted)

Highlights from the European Stock Market

  • UK treasuries are selling-off today, with the yield on the UK 10-year up 1.3 basis points to 1.263%
  • Italian sovereign treasuries are higher, as the yield on Italy’s 10-year fell 1.3 basis points to 2.630%
  • The German Bund is down today, and yield on the German 10-year has risen 0.5 basis points to 0.305%
  • Yield on the Greek 10-year bond is down 2.7 basis points to 3.883%

What is Going on with European Currencies?

  • Euro area currencies are mostly stronger against the USD$
  • EUR€ is up 0.12%, to EUR€0.8581/USD$
  • GBP£ is 0.39% stronger, to GBP£0.7581/USD$
  • SEK is 1.20% stronger, to SEK8.8580/USD$
  • CHF has gained 0.09%, to CHF0.9925/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
Allianz SE DB:ALV 180.22 5.84 9.00% 1.02M
Koninklijke Philips NV ENXTAM:PHIA 37.18 0.90 2.48% 1.06M
Deutsche Telekom AG DB:PHIA 13.59 0.30 2.26% 6.24M
Iberdrola SA BME:IBE 6.77 0.15 2.23% 4.24M
E.ON SE DB:EOAN 9.46 0.20 2.22% 5.49M

 

Underperformers Ticker Price Chg % Chg Volume
Unibail-Rodamco-Westfield ENXTAM:URW 185.65 0.15 0.08% 110.00k
Koninklijke Ahold Delhaize NV ENXTAM:AD 20.3 0.03 0.15% 1.56M
ING Groep NV ENXTAM:INGA 12.34 0.03 0.26% 4.64M
Airbus SE ENXTPA:AIR 98.19 0.48 0.49% 417.20k
Nokia OYJ HLSE:NOKIA 4.87 0.02 0.50% 5.58M