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European Stocks at Midday

Jul 18, 2018

European Markets

  • Sentiment across European equity markets was positive today, reversing from yesterday’s negative trading. European auto makers led the way, as the prospect of reduced US-European auto tariffs has improved investor outlook
  • European stocks are broadly higher, with the Euro Stoxx 600 +0.52%, the FTSE 100 +0.68%, the DAX +0.74%, and the CAC 40 +0.53%
  • Information technology (+2.25%), health care (+0.90%), and consumer discretionary stocks (+0.88%) are the best performers in the Euro Stoxx 600
  • Energy (-0.07%), financials (-0.05%), and utilities stocks (-0.01%) are the only stocks in the Euro Stoxx 600 in the red
  • Market breadth for the Euro Stoxx 600 is notably positive with 363 stocks advancing, compared to 185 declines
  • Volume across European equity markets is 0.90% below its 10-day average
  • Eurozone June inflation was confirmed at 2%, while core inflation was revised downward to 0.9% from 1.0%
  • UK June CPI grew at a lower rate then expected on a Y/Y basis (+2.4% vs +2.6% estimated)
  • European Commission President Jean-Claude Juncker will meet with President Trump next week to discuss the possibility of reducing auto tariffs

Highlights from the European Bond Market

  • UK sovereign treasuries are rallying today, with the yield on the UK 10-year down 5.4 basis points to 1.202%
  • Italian treasuries are lower, as the yield on Italy’s 10-year bond is up 1.6 basis points to 2.476%
  • Yield on the German Bund is 1.8 basis points lower to 0.324%
  • French 10-year sovereign bonds are higher, with the yield on France’s 10-year down 1.5 basis points to 0.607%

What is Going on with European Currencies?

  • EUR€ is 0.44% weaker, to EUR€/USD$ -- 1.1610
  • GBP£ is down 0.66%, to GBP£/USD$ -- 1.3030
  • SEK is 0.47% lower, to SEK/USD$ -- 0.1126
  • CHF has depreciated 0.01%, to CHF/USD$ -- 1.0000

*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
ASML Holding NV ENXTAM:ASML 181.70 9.65 5.61% 1.47M
Nokia OYJ HLSE:NOKIA 5.20 0.23 4.63% 13.94M
Volkswagen AG XTRA:VOW3 147.00 2.92 2.03% 567.03k
CRH PLC ISE:CRG 30.79 0.54 1.79% 395.56k
Schneider Electric SE ENXTPA:SU 71.76 1.16 1.64% 461.17k

 

Underperformers Ticker Price Chg % Chg Volume
ING Groep NV ENXTAM:INGA 12.25 -0.11 -0.86% 6.68M
Intesa Sanpaolo SpA BIT:ISP 2.46 -0.02 -0.81% 37.28M
BNP Paribas SA ENXTPA:BNP 51.86 -0.28 -0.54% 1.20M
Banco Santander SA BME:SAN 4.59 -0.02 -0.47% 47.84M
Banco Bilbao Vizcaya Argentaria SA BME:BBVA 5.92 -0.02 -0.29% 6.55M