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Falling Crude Oil Triggers All of the European Market Industries

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Entire industry fell on December 18

Almost all of the industries of the SPDR Euro STOXX 50 ETF (FEZ) provided negative returns on December 18, 2015. Investor sentiment turned to panic for the equity and commodity markets.

Crude oil and commodity prices continued to fall. This made investors nervous. They exited their positions in both the equity and commodity markets. This led to a global sell-off.

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Aerospace industry

The aerospace industry contributed the highest negative return of 2.8% to FEZ’s performance. Airbus (EADSY) fell by 2.8% on December 18, 2015. The company announced that it may not be able to deliver the new fuel-efficient aircraft according to the scheduled date of April 2016.

Apparel and retail industry

The apparel and retail industry provided the second-highest negative return of 2.6% on December 18, 2015. Apparel stock LVMH Moet Hennessy Louis Vuitton (LVMUY) returned -2.6%. Retail stock Industria De Diseno Textile returned -2.6% on the same day.

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Real estate industry

The real estate industry provided the minimal negative return of 0.42% on December 18, 2015. Unibail-Rodamco provided a negative return of 0.42% on that day.

Oil and gas industry

The oil and gas industry provided the minimal negative return of 0.6% on December 18, 2015. Stocks like Total (TOT), Repsol, and Eni (EAA) returned 0.26%, -0.4%, and -1.8%, respectively, on the same day. As we already discussed above, falling crude oil prices dragged down oil and gas stocks’ performance. The United States Oil (USO) fell by 0.74% on that day. However, Total had a slightly positive return. The company declared its fiscal 2Q15 interim dividend of 0.61 euros per share.

In the next part of this series, we’ll discuss the performance of FEZ’s top performers on December 18, 2015.

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