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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +0.72% to 8798.91, DAX +1.62% to 24033.22, CAC40 +1.78% to 7691.55, STOXX 600 +1.14% to 543.63

Jun 27 ,2025

  • Synopsis:

    • European equity markets mostly ended the day higher. After opening up, pan-European indices extended advances, reaching the days best levels around the middle of the morning, subsequently trading in an expanding range below the best levels of the session before breaking above those into the close.

    • Austria, Ireland, Portugal all up +1.2% join the CAC and DAX in leading outperformers. Greece (0.3%), Finland, Norway both +0.6% and Belgium, Switzerland both +0.8% join the FTSE100 in leading underperformers

    • A raft of economic data included worse than expected Jun preliminary CPI from France and Spain. There was also Denmark, Norway and Spain May retail sales, France May consumer spending as well as Eurozone Jun economic sentiment indicator 94.0 vs consensus 95.1 and prior 94.8.

    • SMMT's UK May data saw car and commercial vehicle production falling for the fifth consecutive month, and, excluding Covid impacted 2020, was the lowest performance for the month since 1949.

    • Bank of France's Villeroy spoke at award ceremony and presentation of report on banking inclusion. Bank of Finland's Rehn spoke and had fireside chat at conf. jointly hosted with ESRB on AI

    • Norway PM Støre held semi-annual summary press conf and Germany's Chancellor Merz hosted Austrian Chancellor Stocker.

    • On a slow day for earnings/updates Mediobanca (MB.IM) approved 2025-28 business plan, whilst Adidas (ADS.GR) and Puma (PUM.GR) got a boost following a strong set of Nike numbers overnight

    • M&A news flow included Akzo Nobel (AKZA.NA) to sell up to 75% of AkzoNobel India to JSW Group for €900M in net cash, Sika Group (SIKA.SW) acquires Qatar-based construction chemicals company Gulf Additive Factory LLC, Givaudan (GIVN.SW) acquired a majority stake in Vollmens Fragrances and RTL Group (RRTL.HR) signs definitive agreement to acquire Sky Deutschland for €150M upfront purchase price. Reportedly, Unilever (ULVR.LN) paying $1.5B (~€1.28B) for Dr Squatch and Centrica (CNA.LN) looks set to take a 15% stake in Sizewell C nuclear project.

    • Elsewhere, Wood Group (John) (WG.LN) announces investigation by the FCA, UCB (UCB.BB) announces it's GEMZ phase 3 study of fenfluramine in CDKL5 Deficiency Disorder shows positive results and Prudential (PRU.LN) completes share buyback program.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Autos & Parts +4.10%, Construct & Mtls +1.94%, Ind Goods & Svcs +1.89%, Media +1.82%, Banks +1.57%, Chemicals +1.47%, Persnl & HHold Goods +1.45%, Technology +1.43%, Financial Svcs +1.16%

      • Underperformers:

        • Utilities (0.18%), Basic Resources +0.26%, Food & Beverage +0.30%, Real Estate +0.35%, Oil & Gas +0.42%, Health Care +0.54%, Insurance +0.55%, Travel & Leisure +0.63%, Telecom +0.65%, Retail +1.02%

    • Macro/Peripheral markets:

      • EU:

        • Von der Leyen faces no-confidence vote over Pfizergate, likely to fail - Politico

        • Considers tariff cuts to secure trade deal with Trump's US - link

        • Proposes new global trade initiative with CPTPP to counter Trump's tariffs - Politico, Euronews

      • Finland:

      • France:

        • Main pensions debate seen being pushed to autumn - Le Monde

      • Ireland:

        • Firms brace for economic hit with quiet confidence - Bloomberg

      • Norway:

        • Government presents a new data center strategy with country due to become the world's most digitalized by 2030 - release

        • Ministry of Energy submits for consultation a proposal for regulations on the Norwegian price and electricity subsidy for households using district heating - release

      • UK:

        • Government does welfare bill U-turn in attempt to ward off sizeable revolt - Guardian; at what cost - Sky News, FT

    • Company news:

      • Notable Gainers

        • +15.4% NFG.LN (NEXT 15) -- confirms it is in early-stage discussions regarding a potential sale of a selected number of its brands

        • +9.1% LIKE.LN (Likewise Group) -- notes continuation of very positive sales trajectory reported earlier in the year - AGM statement

        • +7.3% P911.GR (Porsche) -- considering selling its IT and management consultancy MHP -- Handelsblatt

        • +6.7% AGFB.BB (Agfa-Gevaert) -- Arbitral Tribunal issues final award regarding the insolvency receiver of AgfaPhoto GmbH

        • +6.5% AFAGR.FH (Afarak Group) -- sells Zeerust's mine assets and mining right to Plantcor Mining and Plant Hire for around €2M

        • +6.4% MTRS.SS (Munters Group) -- buy from hold at DNB Carnegie

        • +5.4% DPP.LN (DP Poland) -- FY net income (£0.5M) vs year-ago (£5.0M); Q2 total sales tracking ahead of the same period in 2024

        • +5.2% RHIM.LN (RHI Magnesita) -- and BPI, Inc. announce strategic JV to accelerate circular economy initiatives in North America

        • +5.1% IDR.SM (Indra Sistemas) -- overweight from equal-weight at Morgan Stanley

        • +4.5% BIOPOR.DC (BioPorto) -- order

        • +4.3% VOLV.B.SS (Volvo Group) -- CTO Lars Stenqvist steps down; appoints Jens Holtinger as new CTO

        • +3.9% PYRUM.NO (Pyrum Innovations) -- Q1 net income (€0.9M) vs year-ago (€2.7M); confirms FY25 outlook

        • +3.6% ADS.GR (Adidas) -- Nike (NKE) earnings sympathy

        • +3.3% LATO.B.SS (Latour Investment) -- through Hultafors Group, agrees to acquire an existing machine park from Spectre Latvia for an undisclosed sum

        • +2.5% BAYN.GR (Bayer) -- European Commission grants label extension in EU for Eylea 8 mg

        • +2.1% SIKA.SW (Sika Group) -- acquires Qatar-based construction chemicals company Gulf Additive Factory

        • +1.5% NOVO.B.DC (Novo Nordisk ) -- collaboration with WeightWatchers to offer Wegovy through NovoCare Pharmacy

        • +1.1% ULVR.LN (Unilever) -- Unilever paying $1.5B (€1.28B) for Dr Squatch - FT

        • +1.0% EAS2P.NA (Ease2pay) -- expects growth of more than 30% y/y in number of transactions in H1-25

        • +0.9% HSBA.LN (HSBC) - BNP Paribas (BNP.FP) acquires HSBC's custody and depositary bank business in Germany; price undisclosed

          • +2.0% BNP.FP (BNP Paribas)

        • +0.7% UCB.BB (UCB) -- study update

        • +0.6% KTCG.AV (Kapsch TrafficCom) -- to receive payment of ~ €27M from arbitration proceedings against Federal Republic of Germany; specifies outlook for FY2025/26

        • +0.6% AKZA.NA (Akzo Nobel) -- to sell up to 75% of AkzoNobel India to JSW Group, expects €900M in net cash

      • Notable Decliners

        • -9.0% WLN.FP (Worldline) -- Brussels public prosecutor is opening an investigation into money laundering

        • -8.4% FLOW.NA (Flow Traders) -- pre-close call: Market trading volumes and volatility increased in Q2 across most asset classes and regions

        • -6.0% LINDEX.FH (Lindex Group) -- Helsinki District court has approved Lindex Group plc's application for the amendment of the restructuring program

        • -2.5% SAAB.B.SS (Saab) -- Peruvian Air Force set to purchase Swedish Jas Gripen -- Ekot, Peru21

        • -2.2% KBX.GR (Knorr-Bremse) -- neutral from overweight at JPMorgan; neutral from buy at Citi

        • -1.7% BAB.LN (Babcock International Group) -- hold from buy at Deutsche Bank

        • -1.5% HO.FP (Thales) -- to establish new defence communications JV with Kongsberg Gruppen (KOG.NO) in Norway

        • -0.0% MB.IM (Mediobanca) -- approves 2025-28 business plan "One Brand - One Culture", with ordinary EPS CAGR +9% over the period

    • EU companies reporting Monday:

      • Earnings:

        • Benelux: BioSenic (BIOS.BB)

        • Southern Europe: MIG Holdings (MIG.GA)

        • UK: Polar Capital Holdings (POLR.LN), Porvair (PRV.LN), Ricardo (RCDO.LN)

      • Trading Statement:

        • UK: TT Electronics (TTG.LN)

      • CMD/events: Symrise (SY1.GR), Mercedes-Benz (MBG.GR) pre-close call, Deutsche Börse (DB1.GR) ISS Stoxx investor day, Pharming Group (PHARM.NA), Tritax Big Box REIT (BBOX.LN)

  • Data:

    • Economics:

      • Denmark May retail sales +4.0% y/y vs consensus +5.1%, prior revised 4.7% from +4.9%

      • Norway May retail sales 0.0% m/m vs consensus +0.3%, prior revised +0.6% from +0.7%

      • Sweden May PPI (2.8%) y/y vs consensus (3.1%), prior (2.4%)

      • Eurozone Jun

        • Economic sentiment indicator 94.0 vs consensus 95.1, prior 94.8

        • Consumer confidence (15.3) vs preliminary (15.3)

        • Services sentiment indicator 2.9 vs consensus 1.6, prior revised 1.8 from 1.5

      • France

        • Jun preliminary CPI +0.9% y/y vs consensus +0.7%, prior +0.7%

        • May PPI +0.2% y/y vs consensus (0.3%), prior revised (0.7%) from (0.8%)

        • May consumer spending +0.2% m/m vs consensus +0.1%, prior revised +0.5% from +0.3%

      • Italy

        • Jun business confidence 87.3 vs consensus 87.0, prior revised 86.6 from 86.5

        • Jun consumer confidence 96.1 vs consensus 97.0, prior 96.5

        • May PPI +1.7% y/y vs consensus +1.6%, prior +2.6%

      • Spain

        • Jun preliminary CPI +2.2% y/y vs consensus +2.0%, prior +2.0%

        • May retail sales +4.8% y/y vs consensus +3.9%, prior revised +4.1% from +4.0%

      • Belgium Jun CPI +2.2% y/y vs consensus +1.7%, prior +2.0%

    • Markets:

      • WTI Crude (Aug 25): ($0.01) or (0.02%) to $65.23

      • €-$ +0.0025 or +0.21% to 1.1729

      • £-$ (0.0002) or (0.01%) to 1.3726

      • €-£ +0.0020 to 0.8544

      • S&P 500 +0.70%

      • Performance year-to-date:

        • FTSE 100: +7.66%

        • DAX: +20.71%

        • CAC: +4.21%

        • MIB: +16.25%

        • Stoxx 600: +7.09%

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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