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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE (0.04%), DAX30 (0.17%), CAC40 (0.20%)

Jul 25 ,2025

  • Synopsis

    • European indices are set to open lower as Asian equities trade mostly lower. Japan benchmarks pulling back with Mitsubishi Motors selling off following sharp earnings drop.

    • US equities finished mixed in fairly uneventful Thursday trading, remaining in a fairly narrow channel through the session. S&P and Nasdaq once again to set new ATHs.

    • EU/US reportedly nearing trade deal, but analysts offer contrasting assessments of both likelihood and implications of a deal.

    • US President Trump is expected to begin a multi-day private visit to Scotland and reportedly plans to meet with UK PM Starmer.

    • In central banks, ECB publishes at 10:00CET its latest survey of professional forecasters. Russia interest rate decision at 12:30CET, press conf 14:00, benchmark interest rate expected to be cut by (100bps) to 19%. Czech central bank releases at 11:00CET its latest summary of the predictions and outlooks from international institutions and central banks for global economic outlook.

    • Economic releases due today: Germany Jul Ifo survey, Italy Jul business/consumer confidence, UK Jul consumer confidence - Gfk, industrial trends orders - CBI, Jun retail sales, car production, Sweden Jun unemployment rate, PPI, Eurozone Jun M3 money supply

    • Earnings reported so far today: Loomis, Bureau Veritas, Volkswagen, Vallourec, MEKO, Remy Cointreau, Deutsche Börse, TRATON, Heijmans, , Almirall, Proximus, Palfinger.

  • Politics/Macro/World News

    • Could Hungary's faltering economy topple Orbán? (FT )

    • ECB's Kazaks Sees Little Need for Further Interest-Rate Cuts (BBG )

    • French plan to recognise Palestinian state draws fire from Israel, US (Reuters )

  • Top company news

    • Earnings/updates

      • MC.FP (LVMH Moet Hennessy Louis Vuitton) -- reports H1 net income €5.70B vs StreetAccount €5.84B

      • PUM.GR (Puma) -- reports preliminary Q2 EBIT (€13.2M) ex-items vs FactSet €86.4M [8 est, €66.4-96.2M]

      • ML.FP (Cie Generale des Etablissements Michelin SA) -- reports H1 EPS €1.18 vs consensus €1.27

      • FR.FP (Valeo SE) -- reports H1 net income €104M vs consensus €110M; 2025 sales objective adjusted mainly to account for adverse currency effect

      • SGSN.SW (SGS) -- reports H1 reported EPS CHF1.64, unclear if comparable to StreetAccount adjusted EPS CHF1.77

      • CA.FP (Carrefour) -- reports H1 recurring operating income €681M vs FactSet €684.0M [3 est, €651-736M]; confirms FY25 financial targets

      • LIGHT.NA (Signify) -- reports Q2 net income €57M vs consensus €51M; confirms FY25 guidance

      • CDI.FP (Christian Dior) -- Christian Dior reports H1 net income €2.37B, (22%) vs year-ago €3.02B

      • 8TRA.GR (TRATON) -- adjusts FY 2025 outlook downwards

      • MMB.FP (Lagardere) -- reports H1 adjusted net income €72M, +100% vs year-ago €36M

      • ATE.FP (Alten) -- reports H1 revenue €2.08B vs year-ago €2.11B

      • RBI.AV (Raiffeisen Bank International) -- Raiffeisen Bank derecognizes €1.2B of expected proceeds from enforcement of legal recourse against Rasperia in Austria

      • INTRUM.SS (Intrum) -- reports Q2 adjusted EPS SEK3.06 vs consensus SEK3.06

      • COL.SM (Inmobiliaria Colonial SOCIMI) -- reports H1 recurring EPS €17.10 vs year-ago €17.00

      • HLE.GR (FORVIA HELLA) -- reports H1 operating income €237M, (4%) vs year-ago €248M

      • LSS.FP (Lectra) -- reports Q2 net income €5.3M vs FactSet €7.6M [1 est]

      • FII.FP (Lisi) -- reports H1 EPS €0.83 vs year-ago €0.68

      • MERY.FP (Mercialys) -- reports H1 NRE per share €0.66 vs year-ago €0.63; Net recurrent earnings objective revised upward for 2025

      • NXI.FP (Nexity) -- reports H1 operating income €6M vs year-ago (€54M)

      • NVG.PL (The Navigator Co.) -- reports Q2 net income €36.9M vs year-ago €94.8M

      • CLTN.SW (Coltene Holding) -- reports H1 net income CHF4.3M vs year-ago CHF10.4M

      • CGM.FP (Cegedim) -- reports preliminary H1 revenue €322.5M vs year-ago €319M, +2.8% like for like

      • GBT.FP (Guerbet) -- reports preliminary H1 revenue €387.8M vs year-ago €419.2M

      • ALTR.PL (Altri SGPS) -- reports Q2 net income attributable €6.4M vs FactSet €6.7M [2 est, €5.1-8.2M]

      • ALHG.FP (Louis Hachette Group SA) -- reports H1 Group profit (€9M) vs year-ago (€35M)

      • BEN.FP (Beneteau) -- reports Q2 revenue €273.5M, (17%) vs year-ago €327.9M

      • 74SW.FP (74Software) -- reports H1 EPS €0.20 vs year-ago €0.13

      • AMPLI.FP (Amplitude Surgical) -- reports FY revenue €110.8M, +5% vs year-ago €106.0M

      • LNA.FP (LNA Santé) -- reports Q2 revenue €226.4M, +14% vs year-ago €198.9M

      • LIN.FP (Linedata Services) -- reports preliminary H1 revenue €86.6M vs year-ago €89.7M

      • BYS.SW (Bystronic) -- reports H1 net income (CHF12.9M) vs FactSet (CHF17M) [1 est]; provides 2025 guidance

    • M&A

      • STMPA.FP (STMicroelectronics) -- acquires NXP's MEMS sensors business for up to $950M

      • CPAY (Corpay) -- to divest a legacy, lower growth private label fuel card portfolio for ~$60M

      • INGA.NA (ING Groep) -- ING completes acquisition of 17.6% stake in Van Lanschot Kempen

      • DG.FP (VINCI SA) -- to acquire EnergoBit in Romania

      • CA.FP (Carrefour) -- has entered into exclusive negotiations with NewPrinces Group regarding sale of all its operations in Italy

      • ACA.FP (Credit Agricole) -- Assurances, LCL entere into exclusive negotiations with AnaCap for the joint acquisition of Milleis Group; terms undisclosed

      • MBTN.SW (Meyer Burger Technology) -- EU clears German government's acquisition of Meyer Germany

      • BPSO.IM (Banca Popolare di Sondrio) -- BPER Banca announces based on acceptances as of today it has exceeded the threshold of 66.67% of Banca Popolare di Sondrio's share capital

      • SON.PL (Sonae SGPS) -- completes the sale of Modalfa and Zippy

      • ARAMI.FP (Aramis Group) -- acquires remaining 40% stake in Motordepot Ltd

      • NRG.FP (NRJ Group) -- signs MoU with CMA Media for the sale of Cherie 25 channel

      • GTCR reportedly in talks to acquire Blackhawk Network -- Bloomberg

    • Healthcare

      • GSK.LN (GSK Plc) -- GSK Plc'S Blenrep combinations approved in EU for treatment of relapsed/refractory multiple myeloma

      • IPN.FP (Ipsen) -- Cabometyx approved in the EU for previously treated advanced neuroendocrine tumors

      • CAMX.SS (Camurus) -- Insider Transaction: Camurus CEO Fredrik Tiberg discloses sale of 115K shares of common stock

    • Other

      • UCG.IM (UniCredit) -- launches the first tranche of of previously disclosed share buy-back residual

      • UPM.FH (UPM-Kymmene) -- plans to expand production capacity in advanced label materials in North America

      • LOOMIS.SS (Loomis) -- tor repurchase up to SEK200M of shares during Q3

      • INTRUM.SS (Intrum) -- successfully completes recapitalisation transaction and emerges in a strong position to deliver on business plan

      • OBEL.BB (Orange Belgium) -- and Proximus sign a MoU to expand fiber deployment and increase access to gigabit networks in Wallonia

      • BAE Systems, Daimler Truck North America and Allison Transmission named principal contractors for $150M sale to Government of Ukraine

      • Apnimed (private) announced topline results from its second pivotal phase 3 clinical trial of lead candidate AD109

      • Climate disclosure rules in focus in intraday themes as SEC asks court to decide validity (24-Jul)

      • Street Takeaways - Philip Morris International

  • Key rating changes

    • Upgrades

      • RDC.GR (Redcare Pharmacy) -- to buy from hold at Kepler Cheuvreux

      • WIZZ.LN (Wizz Air Holdings) -- to overweight from equal weight at Barclays

    • Downgrades

      • SU.FP (Schneider Electric) -- to hold from buy at Kepler Cheuvreux

      • NESTE.FH (Neste) -- to sell from neutral at Citi

      • BKT.SM (Bankinter) -- to underperform from neutral at Oddo

    • Initiations

      • IOS.GR (IONOS Group) -- buy at UBS

      • GUBRA.DC (Gubra A/S) -- neutral at Goldman Sachs

  • Data

    • Nikkei (0.86%) to 41465.84

    • Hang Seng (0.94%) to 25426.98

    • Shanghai Composite (0.31%) to 3594.42

    • S&P futures +12.0 vs prior close of 6401.5

    • €-$ (0.0005) or (0.04%) to 1.1744

    • $-¥ +0.15 or +0.10% to 147.14

    • €-¥ +0.09 or +0.05% to 172.79

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.
Please refer to "Terms Of Use".

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