blog

Latest from the Quantamize Blog

European Stocks at Midday

Jul 05, 2018

European Markets

  • Sentiment for European stocks is notably positive, with the Euro Stoxx 600 on pace for its third consecutive day of positive trading. European auto manufacturers are leading the positive move, posting their best daily performance in over 2 years, following reports that the US would accept a 0% tariff on EU-US auto trade
  • EUR€ is 0.47% higher against the USD$, while European bonds are lower, as Bloomberg reports indicate that money markets are pricing in an earlier than excepted ECB rate hike. Stronger than expected manufacturing data out of Germany has furthered increased speculation regarding the potential for an ECB interest rate increase
  • GBP£ is up 0.42%, following comments by BOE chairman Mark Carney that the UK economy is stronger than the data may suggest, following a weak 1Q2018 GDP print. Carney attributes 1Q weakness to poor weather, rather than underlying weakness in the UK economy
  • European stocks are broadly higher today, with the Euro Stoxx 600 +0.83%, FTSE 100 +0.64%, the DAX +1.49%, and the CAC 40 +1.26%
  • Materials (+1.93%), energy (+1.72%), and financials stocks (+1.35%) are the biggest outperformers in the Euro Stoxx 600 today
  • Real estate (-0.38%) and consumer staples stocks (-0.05%) are the only Euro Stoxx 600 stocks in the red
  • Market breadth for the Euro Stoxx 600 is positive with 458 stocks advancing compared to 128 declines
  • Volume across European markets is significantly lighter than usual (25.28% below its 10-day average)
  • German manufacturing turnover rose 0.9% M/M in May, in contrast to expectations for a 0.1% M/M decline. Germany’s factory orders were also stronger than forecasted, growing +2.6% M/M (+1.1% growth projected)
  • Switzerland’s CPI increased 1.1% Y/Y in June, which was in-line with the consensus
  • Spain’s industrial production in May came in slightly softer than anticipated (+1.6% vs +1.7% estimated)

Highlights from the European Bond Market

  • Italian sovereign treasuries are selling-off today, with the yield on Italy’s 10-year up 3.7 basis points to 2.684%
  • The German Bund is lower as the yield on the German 10-year is up 1.3 basis points to 0.314%
  • Yield on the Spanish 10-year is 2.7 basis points higher to 1.318%
  • UK 10-year bonds are down and yield on the UK 10-year has risen 1.1 basis points 1.285%

What is Going on with European Currencies?

  • EUR€ is up 0.47%, to EUR€0.8538/USD$
  • GBP£ is 0.42% stronger, to GBP£0.7539/USD$
  • SEK is 0.54% higher, to SEK8.7379/USD$
  • CHF has appreciated 0.12%, to CHF0.9917/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
Bayerische Motoren Werke AG DB:BMW 81.77 4.00 5.14% 2.44M
Volkswagen AG XTRA:VOW3 149.56 6.86 4.81% 1.09M
Daimler AG XTRA:DAI 59.05 2.67 4.74% 3.28M
Deutsche Bank AG DB:DBK 9.63 0.30 3.25% 10.20M
Banco Bilbao Vizcaya Argentaria SA BME:BBVA 6.33 0.20 3.21% 8.56M

 

Underperformers Ticker Price Chg % Chg Volume
L'Oreal SA ENXTPA:OR 209.30 -1.70 -0.81% 303.35k
Unilever NV ENXTAM:UNA 48.21 -0.07 -0.13% 1.22M
LVMH Moet Hennessy Louis Vuitton SE ENXTPA:MC 284.05 -0.25 -0.09% 291.68k
Industria de Diseno Textil SA BME:ITX 29.73 0.05 0.17% 1.28M
Anheuser-Busch InBev SA/NV ENXTBR:ABI 87.35 0.15 0.17% 508.39k