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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +0.37% to 9129.71, DAX (0.34%) to 24081.34, CAC40 (0.57%) to 7698.52, STOXX 600 (0.06%) to 546.76

Aug 11 ,2025

  • Synopsis:

    • European equity markets generally ended the day mixed to lower

    • Pan-European indices opened slightly higher, though quickly pared advances, before becoming range-bound in a narrow range either side of unchanged on the day for much of the session.

    • Denmark (0.9%) and Ireland, Norway both (0.6%) joining the CAC in leading underperformers and Greece +1.7%, Netherland +0.3% join the FTSE100 in leading outperformers.

    • Ukraine-Russia developments in focus with Trump planning to meet Putin in Alaska on Friday for talks. A statement was released over the weekend by European leaders on Peace for Ukraine, as European countries and Ukraine plan a counterproposal for a ceasefire amid reports Russia want to Ukraine to cede control of entire eastern Donbas area and Crimea. EU ministers for foreign affairs hold an informal meeting to discuss Russia's aggression against Ukraine and the situation in the Middle East (Finland government press release).

    • In Norway there's Arendal Week (through Fri), the largest political gathering in the country, with Nordic co-operation hosting several events, amongst others, and Norway's PM participates in the party leaders' debate later today (at 21:15CET, televised on NRK), coming ahead of the general election next month. Also at Arendal Week this evening, energy minister Aasland is a panellist at 19:00 in a debate addressing the future direction for offshore wind in Norway.

    • Also garnering a lot of column inches in the UK press over the weekend was how the Labour government and Chancellor Reeves would address the country's worsening fiscal situation in her Autumn Budget, that is still a couple of months away.

    • Topping the limited corporate news flow was Ørsted (ORSTED.DC), its shares plummeting following its Q2 earnings, updated medium term targets and confirmation of a DKK60B rights issue (related EGM on 5-Sep). In the DACH region, Aryzta (ARYN.SW) released H1 earnings while Salzgitter (SZG.GR) confirmed preliminary Q2 results with FY outlook unchanged. In the UK, Plus500 (PLUS.LN) reported H1 and announced a buyback of up to $90.0M, with Marshalls (MSLH.LN) also posting H1 earnings.

    • In M&A related news, Prosus (PRX.NA) obtains all regulatory clearances required to close the offer for Just Eat Takeaway.com (TKWY.NA) following EU Commission conditional approval of the deal, Nordfyns Bank (NRFD.DC) receives new merger offer from Middelfart Sparekasse, offer values Nordfyns Bank at DKK600/share, whilst Kinnevik (KINV.B.SS) participates in portfolio company Aira's €150M equity financing, EQT (EQT.SS) to acquire Remember at valuation of KRW500B ($400M/€309.0M) and ATP's completes the transfer of its controlling shareholding of Copenhagen Airports (KBHL.DC) to the Danish state. Also, reportedly, AXA Investment Management (CS.FP) in advanced talks to buy 30% stake in Telefonica (TEF.SM) -Vodafone Spain (ZEG.LN) fibre JV.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Telecom +1.06%, Banks +0.73%, Health Care +0.37%, Insurance +0.24%, Oil & Gas +0.15%, Food & Beverage +0.04%, Financial Svcs (0.02%), Technology (0.02%)

      • Underperformers:

        • Chemicals (1.15%), Ind Goods & Svcs (1.02%), Travel & Leisure (0.76%), Retail (0.68%), Construct & Mtls (0.57%), Persnl & HHold Goods (0.50%), Autos & Parts (0.27%), Utilities (0.20%), Media (0.13%), Basic Resources (0.09%), Real Estate (0.08%)

    • Macro/Peripheral markets:

      • Geopolitics:

        • Europe rejects Putin's ceasefire plan, proposes Ukraine-centric framework - Bloomberg

        • Joint Statement of Leaders of the Nordic-Baltic Eight on Ukraine - release

      • ECB:

        • To delay interest rate cut until Dec, survey finds - Bloomberg

      • Germany:

        • Self-employed in Germany expect business to decline, ifo survey shows - release

      • Norway:

        • Sovereign wealth fund terminates all contracts with asset managers handling its Israeli investments and has divested parts of its portfolio in the country - press release

      • UK:

        • Recruitment activity across the UK continued to fall sharply at the start of Q3 - REC press release

        • Government announces 13 more electric vehicles have been declared eligible for £1,500 discounts as part of the Electric Car Grant scheme - release

    • Company news:

      • Notable Gainers

        • +12.7% NYXH.BB (Nyxoah) -- prelim Q2 revenue €1.3M vs FactSet €1.3M [6 est, €0.8-1.8M]

        • +9.7% AEP.LN (AEP Plantations) -- H1 EPS $1.23 vs year-ago $0.71; launches buyback program

        • +6.3% DEC.LN (Diversified Energy Co.) -- Q2 adj EBITDA $280M vs FactSet $228.2M [7 est, $195.7-263M]; reiterates FY25 guidance

        • +4.7% SFOR.LN (S4 Capital) -- responds to press speculation; confirms it has received proposal regarding possible combination between S4Capital and MSQ

        • +3.6% NWRN.SW (Newron Pharmaceuticals) -- notes publication of new preclinical research suggesting evenamide ameliorates schizophrenia-related dysfunction

        • +2.4% CRTA.LN (Cirata) -- completes previously announced divestment of DevOps assets

        • +2.2% QBY.GR (q.beyond) -- Q2 net income attributable (€0.2M) vs year-ago (€1.0M), reaffirms FY guidance

        • +2.1% REC.IM (Recordati) -- buy from hold at Jefferies

        • +2.1% WINE.LN (Naked Wines) -- launches up-to-£2M buyback at 7.5p/share

        • +2.1% NOVN.SW (Novartis) -- ianalumab Phase III clinical trials meet primary endpoint in patients with Sjögren's disease

        • +2.0% KBC.BB (KBC Group) -- buy from neutral at BofA

        • +1.4% NXU.GR (NEXUS) -- Project Neptune Bidco GmbH (TA Associates) is proposing to squeeze out remaining shareholders for €70/share

        • +1.4% ICAD.FP (Icade) -- signs agreement with BNPP REIM to sell stake in a portfolio of 23 assets in Italy for €173M

        • +1.3% ED4.GR (EDAG Engineering Group) -- prelim H1 adj EBIT (€7.6M) vs year-ago €21.8M; Lowers FY outlook

        • +1.2% DDRIL.NO (Dolphin Drilling) -- made initial payment of £2.0M in part settlement of historic UK corporation tax liability

          • On earnings/updates: RLF.SW (RELIEF THERAPEUTICS Holding) and reversing initial falls MSLH.LN (Marshalls)

      • Notable Decliners

        • -26.4% ORSTED.DC (Ørsted)

          • Q2 net income DKK3.35B vs FactSet (DKK1.51B) [7 est, (DKK2.57)-760M]; reaffirms FY guidance

          • updates medium-term targets and financial policies

          • confirms DKK60B rights issue with support from Danish State as majority shareholder; calls EGM on 5-Sep

        • -19.2% NB2.GR (Northern Data)

          • H1 EPS (€2.56) vs year-ago (€0.61)

          • confirms execution of non-binding, non-exclusive term sheet for sale of Peak Mining to Elektron Energy LP

          • Rumble (RUM) proposes potential offer to acquire Northern Data

        • -15.2% ECR.SM (Ercros) -- announce Esseco withdraws offer

        • -7.0% HYQ.GR (Hypoport) -- confirms prelim H1/Q2 earnings as per 28-Jul update

        • -5.7% PLUS.LN (Plus500)

          • H1 EPS $1.99 vs year-ago $1.84; expects FY25 results to be in-line with current market expectations; declares buyback program of up to $90M

          • hold from buy at Peel Hunt

        • -4.6% CMBT.BB (CMB.TECH) -- provides additional market update on the Golden Ocean merger process

          • -4.2% GOGL.NO (Golden Ocean Group)

        • -3.6% SZG.GR (Salzgitter) -- confirms preliminary Q2 results; FY outlook unchanged

        • -3.2% SXS.LN (Spectris) -- announces termination of final Advent offer

        • -2.3% HKY.NO (Havila Kystruten) -- July trading update: July occupancy 82%, +4% y/y

        • -2.3% METSO.FH (Metso Corp.) -- resumed neutral at Citi; prior rating was buy

        • -2.0% SAND.SS (Sandvik) -- sell from hold at Nordea

        • -1.8% JST.GR (JOST Werke) -- signs agreement to sell the cranes business of Hyva to Mutares; price not disclosed

        • -1.0% YOU.GR (ABOUT YOU Holding) --ABYxZAL Holding submits squeeze out-request at €6.50/share

        • -0.8% ARYN.SW (Aryzta) -- H1 net income €49.1M vs FactSet €49.1M [3 est, €46-52.6M], reaffirms FY guidance

        • -0.7% NN.NA (NN Group) -- upgraded to hold from reduce at Kepler Cheuvreux; downgraded to neutral from buy at BofA

    • EU companies reporting tomorrow:

      • Earnings:

        • Benelux: TKH Group (TWEKA.NA)

        • Denmark: Demant (DEMANT.DC), ISS (ISS.DC), H+H International (HH.DC)

        • Finland: Ponsse (PON1V.FH), Raisio (RAIVV.FH), Remedy Entertainment (REMEDY.FH), Kamux (KAMUX.FH), Siili Solutions (SIILI.FH)

        • France: Valneva (VLA.FP)

        • Germany: Hannover Re (HNR1.GR), TAG Immobilien (TEG.GR), K+S (SDF.GR), CECONOMY (CEC.GR), secunet Security Networks (YSN.GR), NEXUS (NXU.GR), CANCOM (COK.GR), Patrizia (PAT.GR), INDUS Holding (INH.GR), Frequentis (FQT.GR), Slide Insurance Holdings, Inc. (ID8.GR), Norma Group (NOEJ.GR), Exasol (EXL.GR), Moberg Pharma (MB8.GR), Orascom Development Holding (4O7.GR)

        • Norway: Wallenius Wilhelmsen (WAWI.NO), Kongsberg Automotive (KOA.NO), Sparebanken Norge (SBNOR.NO), Nordic Mining (NOM.NO)

        • Sweden: Storskogen Group (STOR.B.SS), RVRC Holding (RVRC.SS), Genovis (GENO.SS), Rottneros (RROS.SS), Catena Media (CTM.SS), Vivesto (VIVE.SS)

        • Switzerland: Tecan Group (TECN.SW), Bell Food Group (BELL.SW), PolyPeptide Group (PPGN.SW), Komax Holding (KOMN.SW)

        • UK: Spirax Group (SPX.LN), Derwent London (DLN.LN), Atalaya Mining (ATYM.LN), Xaar (XAR.LN), Zoo Digital Group (ZOO.LN)

      • Trading Update:

        • France: Viel & Cie (VIL.FP)

        • UK: Bellway (BWY.LN), S&U (SUS.LN)

      • Traffic: Aeroflot-Russian Airlines (AFLT.RU)

  • Data:

    • Economics:

      • Denmark

        • Jul CPI +2.3% y/y vs consensus +1.3%, prior +1.9%

        • Jun trade balance DKK23.1B vs consensus DKK21.5B, prior revised DKK22.3B from DKK23.4B

      • Norway

        • Jul CPI +3.3% y/y vs consensus +3.1%, prior +3.0%

        • Jul PPI (0.3%) y/y vs consensus (2.1%), prior (1.0%)

      • Italy

        • Jul CPI +1.7% y/y vs preliminary +1.7%; +0.4% m/m vs preliminary +0.4%

        • Jun trade balance €5.41B vs consensus €7.1B, prior revised €6.10B from €6.16B

    • Markets:

      • WTI Crude (Sep 25): +$0.16 or +0.25% to $64.04

      • €-$ (0.0045) or (0.39%) to 1.1605

      • £-$ (0.0039) or (0.29%) to 1.3413

      • €-£ (0.0009) to 0.8652

      • S&P 500 (0.00%)

      • Performance year-to-date:

        • FTSE 100: +11.71%

        • DAX: +20.96%

        • CAC: +4.31%

        • MIB: +21.64%

        • Stoxx 600: +7.71%

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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