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European Stocks at Midday

Jul 11, 2018

European Stock Market                                                                                                                                                                                Start Your Free Trial Today

  • Sentiment across European equity markets has turned negative, following the US’ release of a list of Chinese exports that are subject to increased tariffs, representing $200 billion in trade. The Euro Stoxx 600 is on track to snap its 6-day winning streak. European currencies are mostly weaker against the USD$
  • European stocks are broadly lower, with the Euro Stoxx 600 -1.01%, the FTSE 100 -1.08%, the DAX -1.20%, and the CAC 40 -1.10%
  • All sectors in the Euro Stoxx 600 are in negative territory
  • Materials (-1.91%), energy (-1.79%), and information technology stocks (-1.34%) are the biggest underperformers in the Euro Stoxx 600
  • Market breadth for the Euro Stoxx 600 is notably negative with 485 stocks declining compared to 99 advances
  • Volume across European markets is relatively in-line with its usual levels (+0.83% above its 10-day average)

Highlights from the European Bond Market

  • Italian sovereign treasuries are selling-off, with the yield on Italy’s 10-year up 1.6 basis points to 2.679%
  • The German Bund is unchanged today, with yield on the German 10-year at 0.367%
  • Yield on the UK 10-year bond is down 0.5 basis points to 1.306%
  • Spanish treasuries are lower today, as the yield on Spain’s 10-year up 0.8 basis points to 1.281%

What is Going on with European Currencies?

  • EUR€ is -0.09% lower, EUR€0.8520/USD$
  • GBP£ is down 0.17%, to GBP£0.7545/USD$
  • CHF is 0.09% weaker, to CHF0.9924/USD$
  • SEK has declined 0.15%, to SEK8.7510/USD$

*Data in price return.

Euro Stoxx 50 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
E.ON SE DB:EOAN 9.78 0.06 0.64% 3.64M
Orange SA ENXTPA:ORA 14.81 0.04 0.27% 1.98M
Anheuser-Busch InBev SA/NV ENXTBR:ABI 88.71 0.21 0.24% 444.50k
Deutsche Telekom AG DB:DTE 13.9 0.01 0.11% 3.75M
L'Oreal SA ENXTPA:OR 208 0.1 0.05% 160.65k
Underperformers Ticker Price Chg % Chg Volume
Deutsche Post AG XTRA:DPW 27.61 -0.68 -2.40% 1.82M
Banco Bilbao Vizcaya Argentaria SA BME:BBVA 6.07 -0.14 -2.29% 15.22M
Cie de Saint-Gobain ENXTPA:SGO 37.15 -0.85 -2.25% 991.64k
Volkswagen AG XTRA:VOW3 142.74 -3.24 -2.22% 429.27k
BASF SE DB:BAS 81.06 -1.81 -2.18% 792.17k