uploads///Industry wise Return of FEZ on January

Oil and Gas Push FEZ Up, Auto Manufacturers Drag It Down

By

Jan. 14 2016, Updated 4:31 p.m. ET

Overview of FEZ’s performance on January 13

As we discussed previously in this series, as global growth worries weighed on the market during the previous day’s trading, global markets fell drastically on Wednesday, January 13, 2016. The SPDR EURO STOXX 50 ETF (FEZ) and the iShares MSCI EMU Index ETF (EZU) returned 2.08%, and 1.97%, respectively, on that day.

Now let’s analyze which industry drove these ETFs’ performances and which industry dragged down their performances.

Article continues below advertisement

The oil and gas industry was the highest contributor

The oil and gas industry contributed the highest return of 1.8% on Wednesday, January 13, 2016, with the major oil and gas stocks of Repsol SA, Total SA (TOT), and Eni SpA (EAA) returning 2.5%, 1.6%, and 1.1%, respectively, on the same day. Due to the recovery in oil prices on Wednesday’s early trading, oil and gas stocks gained generally that day, and Repsol emerged as FEZ’s biggest gainer.

The aerospace industry

The aerospace industry contributed returns of 0.83% on Wednesday, January 13, 2016, and the aerospace stock of Airbus Group (EADSY) returned 0.83% on the same day. Airbus’s Chief Executive Officer Fabrice Brégier said at the airline’s annual conference that the company is relaxed about China and will likely benefit from lower crude oil prices.

The auto manufacturing industry was the biggest loser

The auto manufacturing industry provided the worst return of -3.4% on Wednesday, January 13, 2016. Auto manufacturing stocks such as Volkswagen (VLKAY), Daimler (DDAIF), and BMW yielded -0.64%, -3.8%, and -5.6%, respectively, on the same day, with BMW emerging as FEZ’s biggest loser after the company recalled its i8 model for stability control problems.

In the next part of this series, we’ll analyze the performances of FEZ’s top performers on January 13, 2016.

Advertisement

More From Market Realist

  • Open sign on a sidewalk
    Macroeconomic Analysis
    Top Reopening Stocks to Play the Shifting Market Sentiment
  • Morgan Stanley sign and stock numbers
    Macroeconomic Analysis
    Morgan Stanley's Buyback Stock Picks in 2021
  • Black Wall Street sign is sign of ethical investing
    Macroeconomic Analysis
    Ethical Investing Stocks and Funds for Your 2021 Portfolio
  • New York City skyline and Goldman Sachs logo
    Macroeconomic Analysis
    Goldman Sachs: Options Trade Picks to Play Earnings Season Volatility
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.