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European Stocks Sink On Escalating Trade War Jitters

Aug 01, 2018

 

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*Data in Price Return, Source: Stockdio

European Markets                                                                                                                                                      

As of 8:00 a.m

  • The Euro Stoxx 600 is currently down -0.39%, the FTSE 100 is down by -1.3%, the DAX is down -0.34%, and the CAC 40 is down -0.1%
  • Financial Services (+0.23%), Chemicals (+0.23%), and Health Care (+0.22%) stocks are the top performers in the Euro Stoxx 600 today
  • Utilities (-1.74%), Basic Resources (-1.67%), and Automobiles & Parts (-1.14%) stocks are the worst performers in the Euro Stoxx 600 today
  • Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.49x
  • 142 stocks in the Euro Stoxx 600 are at 4-week highs while 47 stocks are at 4-week lows
  • 63 stocks in the Euro Stoxx 600 are overbought while 15 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is little changed this morning and is currently at 12.88 after closing at 12.56 yesterday
  • The Eurozone's Manufacturing PMI for July was in-line with expectations (55.1 vs 55.1 expected)

Highlights from the European Bond Market

  • German 10-Year Bunds are lower with yields up 3.2 basis points to 0.475%
  • French 10-Year Government Bonds are lower with yields up 4.3 basis points to 0.775%
  • UK 10-Year GILTs are lower with yields up 4.3 basis points to 1.373%
  • Italian 10-Year Government Bonds are lower with yields up 3.9 basis points to 2.759%
  • Spanish 10-Year Government Bonds are lower with yields up 3.6 basis points to 1.436%

What is Going on with European Currencies?

  • EUR€ is currently little changed against the USD$ at 1.1688
  • GBP£ is currently little changed against the USD$ at 1.3136
  • CHF is currently little changed against the USD$ at 1.0093

Euro Stoxx 50 Movers

In local currency.

On Mobile/Tablet scroll to the right

Outperformers Sector Price 1D% CHG Volume
Sanofi Health Care 75.31 1.44%       1,213,164.00
Fresenius SE & Co KGaA Health Care 66.66 0.70%          736,020.00
Bayer AG Health Care 95.99 0.64%          649,184.00
Airbus SE Industrials 106.68 0.58%          234,646.00
AXA SA Financials 21.685 0.37%       2,616,076.00

 

Underperformers Sector Price 1D% CHG Volume
Enel SpA Utilities 4.561 -4.38%    43,376,253.00
Engie SA Utilities 13.58 -1.95% --
Volkswagen AG Consumer Discretionary 149.8 -1.59%       1,048,514.00
Unibail-Rodamco-Westfield Real Estate 187.1 -1.45%             71,670.00
CRH PLC Materials 28.85 -1.43%          246,002.00