Earlier in this series, we discussed why the SPDR Euro STOXX 50 ETF (FEZ) and the iShares MSCI Eurozone (EZU) closed on positive notes on Tuesday, December 22, 2015. Now, we’ll discuss the industries that contributed to this performance. It’s important for investors to analyze how the different industries performed on December 22, 2015.
Oil and gas industry
The oil and gas industry provided the highest positive return of 0.8% on December 22, 2015. As we already discussed, oil prices rose yesterday. They paused the downtrend. The weaker dollar helped push oil prices up. Oil and gas stocks like Total (TOT), Repsol, and Eni (EAA) rose by 0.2%, 1.14%, and 1.12%, respectively, on that day.
The apparel industry provided the second-highest return of 0.77% on December 22, 2015. Apparel stock LVMH Moet Hennessy Louis Vuitton (LVMUY) rose by 0.77% on that day.
Auto manufacturing industry
The auto manufacturing industry provided a return of 0.65% on December 22, 2015. Germany’s transport minister, Alexander Dobrindt, rejected calls to raise the taxes on diesel cars on Monday, December 21, 2015. Stocks like Volkswagen (VLKAY), Daimler (DDAIF), and BMW rose by 0.88%, 0.13%, and 0.94%, respectively, on the same day.
The transportation industry provided the highest negative return of -0.93% on December 22, 2015. Transportation stock Deutsche Post returned -0.93% on the same day.
In the next part of this series, we’ll discuss FEZ’s top performers on December 22, 2015.