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European Stocks Retreat On Global Tech Weakness

Jul 30, 2018

How Did European Stocks Close?                                                                                                                                   Start Your Free Trial Today

  • European stocks closed broadly lower, with the Euro Stoxx 600 -0.30%, the FTSE 100 -0.01%, the CAC 40 -0.37%, and the DAX -0.48%
  • Insurance(+0.83%), Telecommunications(+0.59%), Automobiles & Parts(+0.19%) stocks were the top performers in the Euro Stoxx 600 today
  • Technology(-1.61%), Food & Beverage(-1.15%), Utilities(-0.76%) stocks were the worst performers in the Euro Stoxx 600 today
  • 182 stocks in the Euro Stoxx 600 hit 4-week highs while 26 stocks closed at 4-week lows
  • 68 stocks in the Euro Stoxx 600 finished the trading session overbought while 13 stocks closed oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, closed moving up 1.05 points today to 12.71 after closing at 11.66 last week

European Currencies

  • EUR€ is currently up +0.489% against the USD$ to 1.1714
  • GBP£ is currently up +0.237% against the USD$ to 1.3136
  • CHF is currently up +0.537% against the USD$ to 1.0111

European Treasuries

  • German 10-Year Bunds are lower with yields up 4.3 basis points to 0.446%
  • French 10-Year Government Bonds are lower with yields up 4.5 basis points to 0.748%
  • UK 10-Year GILTs are lower with yields up 6.3 basis points to 1.343%
  • Italian 10-Year Government Bonds are lower with yields up 4.3 basis points to 2.786%
  • Spanish 10-Year Government Bonds are lower with yields up 5.1 basis points to 1.426%

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Deutsche Bank AG (DB: DB) closed up 3.23%, after it was reported that the beleaguered German bank is the favorite amongst several banks holding financing negotiations with two Spanish soccer clubs. The demand for the loans is a result of a massive fundamental change to the financial guidelines for Spanish soccer organizations

Nokia OYJ (NOKIA.FH) won a $3.5 billion order from T-Mobile (TMUS), under which Nokia will facilitate the building of AT&T’s 5G mobile network in the US. Nokia traded 0.63% higher today

Vodafone Group Plc (LSE: VOD) finished 3.61% higher to €186.50, following reports that that US investor Elliot Management Corp has taken a significant stake in the mobile carrier

Wm Morrison Supermarket Pl (LSE:MRW) shares advanced 1.44% today, after the company was upgraded to buy from a neutral rating at UBS

Data in Price Return, Source: Stockdio