WON Europe Today

Yesterday,

It was another bad day for equities in Europe. The pan-European Stoxx 600 closed 0.54% lower, with all bourses in the region recording losses. Among major bourses, Germany’s DAX lost the most, closing 1.05% lower. France’s CAC 40 and the U.K.’s FTSE 100 were down 0.48% and 0.32%, respectively.

WON Europe Today

We released our weekly Global Laggards report yesterday (please click here to access the report). The stocks highlighted in this report are laggards relative to their own domestic markets. We recommend that they be underweighted as they may be vulnerable to further downside risk and underperformance. European names highlighted this week include Siemens (Xet) (SIEX:DE;SIE:GR) and Subsea 7 (SUBC.NO; SUBC:NO).

WON Europe Today

Yesterday,

  • European markets were mixed, with the pan-European Stoxx 600 closing 0.15% higher, while the major bourses lost ground amid disappointing earnings.

  • Germany’s DAX led the losses with a 0.38% fall, followed by France’s CAC 40 and the U.K.’s FTSE 100, which fell 0.08% and 0.06%, respectively. The volumes were low for all three.

  • Among the Stoxx 600, Technology and Banks gained 1.91% and 1.01%, respectively, leading other sectors. Dassault Systems and Hexagon B, which reported buoyant quarterly results, gained 10.11% and 8.49%, respectively, driving the Technology sector.

  • Apart from the three major bourses mentioned above, Denmark, Norway, and Switzerland ended in negative territory.

WON Europe Today

Yesterday, almost all European markets closed in the green after positive corporate earnings results. Gain in the Oil & Gas sector and the earnings results of Pandora were the two major factors that led the positive movement in market. The U.K.’s FTSE 100 led the rally with a gain of 2.04%, followed by Germany’s DAX and France’s CAC, which rose 1.71% and 1.66%, respectively, all on higher volumes.

WON Europe Today

We released our European Weekly Summary today (please click here to access the report).

Key points:

Longs: We are leaning towards Staples and Health Care, which are strong defensive sectors.
Top Pick: Redrow (RDW.GB; RDW:LN), Wolters Kluver (WSG.NL; WKL:NA), and Halma (HLMA.GB; HLMA;LN).
Among Focus list names, Davide Campari (CPR.IT; CPR:IM), Diageo (DGE.GB; DGE:LN). Carl Zeiss Meditec (AFXX.DE; AFX:GR), and Vitrolife (VITR.SE; VITR:SS) are actionable.
Shorts: We removed Essity (ESSI.SE; ESSITYB:SS).

WON Europe Today

We released our weekly Global Laggards report yesterday (please click here to access the report). The stocks highlighted in this report are laggards relative to their own domestic markets. We recommend that they be underweighted as they may be vulnerable to further downside risk and underperformance. European names highlighted this week include Henkel AG (HEN3X.DE; HEN3:GR), Suez (SEV.FR; SEV:FP), and Beiersdorf (BEIX.DE; BEI:GR).

WON Europe Today

Yesterday,

  • The pan-European Stoxx 600 closed 0.25% higher. The U.K.’s FTSE 100 and France’s CAC 40 closed 1.58% and 0.95% higher, respectively, on higher volumes. Germany’s DAX closed 0.33% lower with lower volume.
  • The market benefited from hopes of a resolution to the U.S.-China trade war and a dovish U.S. Fed, that indicated it will be more cautious in its approach to reduce the size of its balance sheet.
  • The top performer in the Stoxx 600 was China-sensitive Basic Resources, which was up 1.29%. Consumer Goods also gained 1.16%, on the back of upbeat earnings from LVMH.
  • Most country bourses, except Germany, Finland, Norway, and Spain, ended in positive territory.

WON Europe Today

On Tuesday, European markets ended strongly, supported by positive earnings posted by companies from the Technology and Basic Materials sectors.

  • The Stoxx 600 was up 0.81%, quickly recovering from the minor setback on Monday. The index continues to progress steadily above the 50-DMA.
  • Among key markets, Germany’s DAX was flat (+0.08%) and France’s CAC 40 increased 0.81%. The U.K.’s FTSE 100 rose 1.29%, prompted by a significant performance from tobacco stocks British American Tobacco (BATS.GB; BATS:LN) and Imperial Brands (IMB.GB; IMB:LN).

WON Europe Today

Yesterday, European markets and sectors closed in negative territory as investors remain nervous about Brexit and the renewed U.S.-China trade talks.

  • The Stoxx 600 slipped 0.97%, breaking its streak of consecutive gains. However, it is still trading above the 50-DMA and remains in a Confirmed Uptrend.
  • Key markets such as France’s CAC 40, Germany’s DAX, and the U.K.’s FTSE 100 were down 0.76%, 0.63%, and 0.91%, respectively. The U.K.’s FTSE 100 is trading below the 50-DMA, while the indices of France and Germany are trading marginally above the 50-DMA.
  • We moved Norway to an Uptrend Under Pressure after it breached the 50-DMA on higher volume.

WON Europe Today

On Friday, a majority of European markets ended in positive territory, aided by  upbeat performance by the Automotive and Technology sectors.

  • The Stoxx 600 was up 0.61%, gaining 0.22% for the week ending January 25. The index continues to trade above the 50-DMA and remains in a Confirmed Uptrend.
  • Among the key markets, France’s CAC 40 and Germany’s DAX soared 1.11% and 1.36%, respectively. However, the U.K.’s FTSE 100 was down 0.14% on heavy volume. The fall was due to lower-than-expected earnings from Vodafone (VOD.GB; VOD:LN), with the stock sliding nearly 5%.