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European Stocks at Midday

Jul 19, 2018

European Markets

  • Sentiment across European equity market was mostly negative, as mixed corporate earnings results in the regions clouded FY2018 outlook. Economic data out of the UK and Switzerland was softer than expected. European currencies are notably weaker against the USD$
  • European stocks are mostly lower with the Euro Stoxx 600 -0.09%, the CAC 40 -0.46%, the DAX -0.41%, while the FTSE 100 is +0.16%
  • Consumer staples (+0.81%), energy (+0.20%), and financials stocks (+0.01%) are the only stocks in the Euro Stoxx 600 in positive territory
  • Materials (-1.13%), real estate (-0.78%), and utilities stocks (-0.70%) are the largest laggards
  • Market breadth for the Euro Stoxx 600 is decidedly negative with only 194 out of 600 stocks advancing
  • Volume across European equity markets is 56.64% above its 10-day moving average
  • UK June retail sales grew +2.9%Y/Y, which was firmly below projections for a 3.7% Y/Y growth in retail sales
  • Ireland’s GDP growth in 1Q2018 was nearly 2-fold higher than estimated (+9.1% Y/Y vs +4.8% Y/Y consensus)
  • Switzerland’s trade surplus in June came in lower than anticipated (CHF2.59 billion vs CHF 3.2 billion estimated)
  • The EU is preparing a list of new tariffs to be imposed against the US, in the event that a European trade delegation is unable to dissuade President Trump from raising tariffs on European auto imports, in a meeting between the two parties next week. The list of items potentially facing increased levies include coal, pharmaceuticals, and chemicals

Highlights from the European Bond Market

  • Italian sovereign treasuries are higher, with the yield on Italy’s 10-year down 2.8 basis points to 2.471%
  • UK treasuries are rallying today, with the yield on the UK 10-year down 1.9 basis points to 1.205%
  • Yield on the Spanish 10-year bond is down 1.5 basis points to 1.258%
  • The German Bund is unchanged today, with the yield on the German 10-year at 0.338%

What is Going on with European Currencies?

  • EUR€ is 0.40% weaker, to EUR€/USD$ --1.1587
  • GBP£ is 0.68% lower, to GBP£/USD$ -- 1.2976
  • CHF is down 0.37%, to CHF/USD$ -- 0.9970
  • SEK has depreciated 0.83% to SEK/USD$ -- 0.1118

*Data in Price Return; Source: Stockdio

Euro Stoxx 50 Movers

In local currency.

On Mobil/Tablet scroll to the right.

Outperformers Ticker Price Chg % Chg Volume
Unilever NV ENXTAM: UNA 48.65 0.94 1.96% 2.17M
Deutsche Post AG XTRA: DPW  29.02 0.28 0.97% 2.57M
Nokia OYJ HLSE: NOKIA  5.20 0.03 0.66% 4.46M
Volkswagen AG XTRA: VOW3  148.08 0.76 0.52% 616.25k
Daimler AG XTRA: DAI 58.55 0.29 0.50% 1.16M

 

Underperformers Ticker Price Chg % Chg Volume
SAP SE DB: SAP 102.52 -2.16 -2.06% 1.61M
CRH PLC ISE: CRG 30.40 -0.34 -1.11% 128.00k
Vivendi SA ENXTPA: VIV  21.28 -0.23 -1.07% 554.90k
LVMH Moet Hennessy Louis Vuitton SE ENXTPA: MC  295.80 -3.00 -1.00% 121.12k
Engie SA ENXTPA: ENGI  13.32 -0.13 -0.93% 842.66k