The SPDR Euro Stoxx 50 ETF (FEZ) decreased by 0.7% on Tuesday and significantly underperformed Eurostoxx 50 (benchmark) which lost only 0.2%. European market slightly declined following the U.S. stock market. Federal Reserve Chairman Jerome Powell’s moderate commentaries regarding raising interest rates have not boosted FEZ and Euro Stoxx 50. Only financials, Industrials and Information Technologies gained value on Tuesday.
Figure 1 - Eurostoxx 50 one-day change by sector
Source: Bloomberg
Figure 2 - Eurostoxx 50 one-day best performers
Ticker | Name | Country | Industry | 1D change |
FRE GY (FSNUF) Equity | Fresenius SE & Co |