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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 (0.02%) to 8602.92, DAX +0.31% to 23638.56, CAC40 +0.30% to 7873.83, STOXX 600 +0.12% to 545.17

May 13 ,2025

  • Synopsis:

    • European indices ended mostly mixed to higher. Autos/Parts, Retail and Travel/Leisure the best performers whilst Real Estate, Food/Beverage and Insurance lag. Follows broad strength on Monday. Markets processing Monday's de-escalation of US-China trade tensions that saw both sides announce significant tariff reductions. Tariff relief much more aggressive than expected going into weekend talks in Geneva.

    • On macro-calendar, UK labor market data showed ongoing easing with unemployment rate up and wage growth ease, consistent with recent surveys, which have seen weakening in conditions. ILO unemployment rate edged up to 4.5% versus prior 4.4%, as expected. German May ZEW economic sentiment data improved sharply to 25.2 vs consensus 13.7 and prior (14.0). ZEW highlighted that the formation of the new German government, progress on the tariff disputes and stabilizing inflation were contributory factors. However, despite the sentiment rebound, the current situation indicator weakened to -82.0 versus consensus -77.0 and prior -81.2.

    • Amidst a busy morning in terms of earnings, out of DACHs, Bayer AG (BAYN.GR), Munich Re (MUV2.GR), Hannover Re (HNR1.GR) and Fraport (FRA.GR) reported before the open. Elsewhere, Grifols (GRF.SM) shares are higher post better-than-expected Q1 numbers. In the UK, DCC (DCC.LN), Bytes Technology Group (BYIT.LN), Marston's (MARS.LN) and On The Beach Group (OTB.LN) among other names to issue updates.

    • In M&A news, media reports Worldline (WLN.FP) is mulling the sale of its India business in a deal worth ~$200M. ABB Limited (ABBN.SW) also reportedly considering sale of robotics business as alternative to spinoff. Unicaja Banco (UNI.SM) denies media report it has held informal talks with Banco Sabadell (SAB.SM) over merger. Galapagos (GLPG.NA) announced it has decided to re-evaluate the previously proposed separation and will explore all strategic alternatives for its existing businesses; group also announced CEO change effective immediately.

    • Looking ahead to tomorrow's EU econ-calendar, notable releases will include, amongst others, Germany Apr final CPI amd Spain Apr final CPI.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Autos & Parts +1.99%, Retail +1.75%, Travel & Leisure +1.46%, Technology +1.34%, Basic Resources +1.08%, Media +1.00%, Oil & Gas +0.97%, Ind Goods & Svcs +0.91%, Construct & Mtls +0.78%, Financial Svcs +0.43%, Chemicals +0.31%

      • Underperformers:

        • Real Estate (1.28%), Food & Beverage (1.19%), Insurance (1.15%), Health Care (0.91%), Utilities (0.60%), Telecom (0.23%), Persnl & HHold Goods (0.02%), Banks +0.01%

    • Macro:

      • Central banks:

        • Trade uncertainty lowers growth, inflation in near term, ECB's Knot says -- Reuters

        • Bank of England's Pill says interest rates might need to stay high -- Reuters

      • EU:

        • Fishing shouldn't block defence pact, says EU chief -- BBC

        • When will the EU do a deal with Trump? -- Spectator

      • UK:

        • A bad scenario for the UK -- FT

        • UK faces legal challenge over asylum seekers' deportations to Bulgaria -- Guardian

      • Germany:

        • Germany's massive spending spree: How will the EU react? -- DW

    • Company news:

      • Notable Gainers

        • +14.3% POXEL.FP (Poxel €0.41, +0.05) -- Q1 revenue

        • +12.2% EQS.FP (Equasens Group €47.50, +5.15) -- H1 revenue

        • +8.6% IQE.LN (IQE £0.09, +0.01) -- FY earnings

        • +8.5% BIOVIC.B.SS (Biovica International SEK0.77, +0.06) -- collaborates with Tempus to expand the commercial reach of DiviTum Tka

        • +8.0% DXRX.LN (Diaceutics £1.33, +0.10) -- FY earnings

        • +7.5% EDPR.PL (EDP Renovaveis €9.27, +0.65)

        • +6.5% GRF.SM (Grifols €9.02, +0.54) -- Q1 earnings

        • +6.3% RS1.LN (RS Group plc £5.95, +0.36) -- BofA upgrade

        • +6.0% ENT.LN (Entain £7.62, +0.43) -- UBS upgrade

        • +5.5% F3C.GR (SFC Energy €26.20, +1.40) -- collaborate to equip NATO and NATO-aligned defense organisations with Advanced Fuel-Cell Powered Vehicles

        • +5.2% RELAIS.FH (Relais Group €15.10, +0.75) -- Q1 earnings

        • +4.4% MBB.GR (MBB €168.80, +7.00) -- Q1 earnings

        • +4.2% BMPS.IM (Banca Monte dei Paschi di Siena €8.36, +0.34)

        • +3.8% MIPS.SS (MIPS SEK429.20, +15.60) -- Handelsbanken upgrade

        • +3.5% MARS.LN (Marston's £0.43, +0.01) -- H1 earnings

        • +3.4% RNWH.LN (Renew Holdings £8.15, +0.27) -- H1 earnings

        • +3.1% UNI.SM (Unicaja Banco €1.88, +0.06) -- Unicaja Banco denies media report it has held informal talks with Banco Sabadell over merger - Reuters

        • +2.8% BAYN.GR (Bayer AG €25.11, +0.68) -- issues 5-year plan for Crop Science to strengthen the company; to deliver more than €3.5B of incremental sales from innovation by 2029; Q1 earnings

        • +2.7% MOB.SS (Moberg Pharma SEK7.70, +0.20) -- Q1 earnings

        • +2.2% SIKA.SW (Sika Group CHF216.50, +4.70) -- initiated outperform at RBC Capital Markets

        • +1.8% RBT.FP (Robertet €841.00, +15.00) -- initiated buy at Berenberg

        • +1.7% EDP.PL (EDP-Energias de Portugal €3.40, +0.06)

        • +1.7% RAIVV.FH (Raisio €2.38, +0.04) -- Q1 earnings

      • Notable Decliners

        • -26.1% ALFEN.NA (Alfen €12.44, -4.40) -- Oddo downgrade; Q1 earnings

        • -12.1% KAMUX.FH (Kamux €2.05, -0.29) -- Q1 earnings

        • -10.1% ADN1.GR (adesso €100.60, -10.90) -- Hauck & Aufhäuser downgrade

        • -8.0% CTM.SS (Catena Media SEK1.75, -0.15) -- Q1 earnings

        • -6.8% VBK.GR (Verbio €9.59, -0.71) -- Q3 earnings

        • -6.5% DCC.LN (DCC £47.70, -3.30) -- FY earnings

        • -6.3% KWS.GR (KWS SAAT SE & Co. KGaA €54.40, -3.60) -- Q1 earnings

        • -5.8% CANTA.SS (Cantargia SEK1.57, -0.10) -- Q1 earnings

        • -4.8% ILM1.GR (Medios €11.78, -0.58) -- CEO and COO to step down

        • -4.5% MUV2.GR (Munich Re €559.80, -26.40) -- Q1 earnings

        • -4.4% SIX2.GR (Sixt €82.05, -3.80) -- Q1 earnings

        • -4.4% HNR1.GR (Hannover Re €269.60, -12.40) -- Q1 earnings

        • -4.2% LEG.GR (LEG Immobilien €72.90, -3.15) -- Q1 earnings

        • -3.9% MULTI.NO (Multiconsult NOK188.00, -7.50) -- Q1 earnings

        • -3.8% FRA.GR (Fraport €57.10, -2.25) -- Q1 earnings

        • -3.2% G1A.GR (GEA Group €57.35, -1.85) -- BofA downgrade

        • -2.7% VNA.GR (Vonovia €28.28, -0.78) -- to issue €1.30B convertible bonds

        • -2.6% EUZ.GR (Eckert & Ziegler Strahlen- und Medizintechnik €58.70, -1.55) -- Q1 earnings

        • -2.3% NLFSK.DC (Nilfisk Holding DKK85.70, -2.10) -- Q1 earnings

        • -2.2% PSPN.SW (PSP Swiss Property CHF139.70, -3.10) -- Q1 earnings

        • -2.1% STAR.B.SS (Starbreeze SEK0.21, -0.00) -- Q1 earnings

        • -1.9% ELMRA.NO (Elmera Group NOK33.75, -0.65) -- Q1 earnings

        • -1.9% WLN.FP (Worldline €5.24, -0.10) -- Worldline mulls sale of its India business in a deal worth ~$200M -- Mint

    • EU companies reporting tomorrow:

      • Earnings:

        • Austria: Verbund (VER.AV), Semperit Holding (SEM.AV), Rosenbauer International (ROS.AV)

        • Benelux: ABN AMRO Bank (ABN.NA), InPost (INPST.NA), Shurgard Self Storage (SHUR.BB), Agfa-Gevaert (AGFB.BB)

        • Denmark: H. Lundbeck (HLUN.B.DC), FLSmidth & Co. (FLS.DC), Scandinavian Tobacco Group (STG.DC)

        • Finland: Marimekko (MEKKO.FH)

        • France: Euronext (ENX.FP), Bouygues (EN.FP), Alstom (ALO.FP), Ubisoft Entertainment (UBI.FP), Jacquet Metals (JCQ.FP)

        • Germany: E.ON (EOAN.GR), Daimler Truck Holding (DTG.GR), Brenntag (BNR.GR), Renk Group (R3NK.GR), Porsche Automobil Holding (PAH3.GR), TUI Group (TUI1.GR), Bilfinger (GBF.GR), MVV Energie (MVV1.GR), Grand City Properties (GYC.GR), Deutsche EuroShop (DEQ.GR), Deutsche Pfandbriefbank (PBB.GR), INDUS Holding (INH.GR), Lithium Americas (Argentina) (WUC.GR), PVA TePla (TPE.GR), Knaus Tabbert (KTA.GR), Delticom (DEX.GR), Cherry (C3RY.GR)

        • Greece: Hellenic Telecommunications Organization (HTO.GA)

        • Italy: Hera (HER.IM), Pirelli & C. (PIRC.IM), ACEA (ACE.IM), Moltiply Group (MOL.IM), Rai Way (RWAY.IM), Cembre (CMB.IM), GVS (GVS.IM), Arnoldo Mondadori Editore (MN.IM), Cairo Communication (CAI.IM), doValue (DOV.IM), Toscana Aeroporti (TYA.IM), Orsero (ORS.IM), Equita Group (EQUI.IM), Biesse (BSS.IM), Digital Bros (DIB.IM), FNM (FNM.IM), B&C Speakers (BEC.IM)

        • Norway: Norconsult (NORCO.NO), Odfjell Drilling (ODL.NO), Okeanis Eco Tankers (OET.NO), LINK Mobility Group Holding (LINK.NO), Rana Gruber (RANA.NO), Arctic Fish Holding (AFISH.NO), Omda (OMDA.NO), Nykode Therapeutics (NYKD.NO), Saga Pure (SAGA.NO), Next Biometrics Group (NEXT.NO), Electromagnetic Geoservices (EMGS.NO)

        • Sweden: Karnov Group (KAR.SS), Surgical Science Sweden (SUS.SS), Ework Group (EWRK.SS), Eolus Vind (EOLU.B.SS), GARO (GARO.SS), Precise Biometrics (PREC.SS), Bong (BONG.SS), Immunovia (IMMNOV.SS)

        • Switzerland: Orascom Development Holding (ODHN.SW)

        • Spain: Telefonica (TEF.SM)

        • UK: Compass Group (CPG.LN), Experian (EXPN.LN), Imperial Brands (IMB.LN), Burberry Group (BRBY.LN), Victorian Plumbing Group (VIC.LN), Vertu Motors (VTU.LN)

        • Other: Magyar Telekom Telecommunications (MTEL.HB)

      • Trading Update:

        • Benelux: CVC Capital Partners (CVC.NA), InPost (INPST.NA), DEME Group (DEME.BB), Bekaert (BEKB.BB)

        • France: Infotel (INF.FP), Adocia (ADOC.FP)

        • Southern Europe: Acciona (ANA.SM), Corporación Acciona Energías Renovables (ANE.SM), Salvatore Ferragamo (SFER.IM)

        • UK: Spirax Group (SPX.LN), TP ICAP Group (TCAP.LN), Keller Group (KLR.LN), Conduit Holdings (CRE.LN)

  • Data:

    • Economics:

      • Germany May ZEW Economic Sentiment Indicator 25.2 vs consensus 13.7 and prior (14.0)

        • Germany May ZEW Current Situation (82.0) vs consensus (77.0) and prior (81.2)

      • UK Mar Claimant Count Change +5.2K vs consensus +22.3K and prior revised +16.9K from +18.7K

        • UK Mar Unemployment Rate 4.5% vs consensus 4.5% and prior 4.4%

    • Markets:

      • WTI Crude (25-Jun): +$1.42 or +2.29% to $63.37

      • €-$ +0.0086 or +0.77% to 1.1174

      • £-$ +0.0105 or +0.79% to 1.3279

      • €-£ (0.0001) to 0.8416

      • S&P 500 +0.89%

      • Performance year-to-date:

        • FTSE 100: +5.26%

        • DAX: +18.73%

        • CAC: +6.68%

        • MIB: +17.23%

        • Stoxx 600: +7.40%

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
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