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European Stocks Declining Ahead of President Trump and EU Jean-Claude Juncker Trade Summit

Jul 25, 2018

European Stock Market                                                                                                                                                   Start Your Free Trial Today

  • Sentiment across European equity markets is negative today, as investor focus turns to a White House trade summit between US President Trump and the EU’s Jean-Claude Juncker. European currencies were mostly higher against the USD$, while the European bond market had a negative bias
  • European stocks are broadly lower, with the Euro Stoxx 600 -0.24%, the FTSE 100 -0.83%, the DAX -0.64%, and the CAC 40 -0.10%
  • Financials services (+0.63%), real estate (+0.55%), and retail (+0.47%) are the best performing sectors in the Euro Stoxx 600
  • Basic resources (-1.08%), autos & parts (-.55%), and technology stocks (0.45%) were the most significant laggards today
  • Market breadth for the Euro Stoxx 600 is mixed to negative with 263 stocks advancing compared to 325 declining
  • Volume across European equity markets is 13.93% above its 10-day average
  • EU trade Commission member Cecilia Malmstrom reportedly remarked that the EU is preparing to counter US imposed tariffs with a $20 billion tariff levy, aimed towards US farming goods, machines, and high-tech products
  • Eurozone June M3 Money Supply increased more on a Y/Y basis than was forecasted (+4.4% vs +4.0% projected)

Highlights from the European Bond Market

  • Italian treasuries are higher today, with the yield on Italy’s 10-year bond down 3.4 basis points to 2.640%
  • Yield on the German Bund is down 0.5 basis points to 0.388%
  • French sovereign treasuries are rallying today, with yield on France 10-year down 1.2 basis points to 0.684%
  • Spanish 10-year bonds up, as the yield on Spain’s 10-year has fallen 2.4 basis points to 1.340%

What is Going on with European Currencies?

  • EUR€ is 0.04% higher, to EUR/USD$ -- 1.1692
  • GBP£ is up 0.09%, to GBP£/USD$ -- 1.3157
  • CHF is 0.10% stronger, to CHF/USD$ -- 1.0074
  • SEK has appreciated 0.19%, to SEK/USD$ -- 0.1136

*Data in price return.

Euro Stoxx 50 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
LVMH Moet Hennessy Louis Vuitton SE ENXTPA:FP 306 4.9 1.63% 399.17k
Anheuser-Busch InBev SA/NV ENXTBR:ABI 90.54 0.66 0.73% 512.50k
Safran SA ENXTPA:SAF 107.75 0.7 0.65% 265.34k
Deutsche Telekom AG DB:DTE 13.67 0.07 0.48% 4.18M
Unilever NV ENXTAM:UNA 49.02 0.21 0.43% 1.09M
Underperformers Ticker Price Chg % Chg Volume
Daimler AG XTRA:DAI 57.49 -1.68 -2.84% 1.22M
Volkswagen AG XTRA:VOW3 146.18 -3.82 -2.55% 538.18k
Bayerische Motoren Werke AG DB:BMW 79.76 -1.77 -2.17% 592.13k
Vivendi SA ENXTPA:VIV 20.65 -0.36 -1.71% 1.00M
Banco Bilbao Vizcaya Argentaria SA BME:BBVA 6.06 -0.1 -1.59% 7.62M