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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +0.20% to 9147.81, DAX (0.23%) to 24024.78, CAC40 +0.71% to 7753.42, STOXX 600 +0.21% to 547.89

Aug 12 ,2025

  • Synopsis:

    • European indices ended mostly higher. Follows mixed performance on Monday. Germany exception to the firmer trend. In sectors, energy, industrials, travel/leisure and autos biggest gainers, while tech, media and financial services main laggards.

    • In trade developments, US President Trump signed executive order extending China tariff truce by another 90 days, as widely expected. Very quiet elsewhere. On the macro front, UK labor market data showed ongoing slowdown in employment, but wages holding up. July claimant count down 6.2K versus consensus for 20.8K increase and prior 15.5K drop revised down sharply after 25.9K gain initially reported. Market likely to discount reading given ongoing volatility in updates. However, payrolled employees fell 8K on the month less than 20K drop expected and compared with prior 26K fall revised from 41K drop. Average weekly earnings excluding bonus remained at 5.0%, as expected. The British Retail Consortium retail sales measure showed a rise in July sales with total sales increased by 2.5% y/y vs 12-month average of 1.9%. Note prior reading in June saw 3.1% y/y increase amid hot weather, which was also influential in July. Breakdown showed 3.9% y/y gain in food sales versus 12-month average of 3.2% and non-food sales up 1.4% versus average of 0.8%. Also, some focus on German ZEW sentiment Indicator deteriorating sharply in August to 34.7 vs consensus 39.7 and prior 52.7 along with big drop in ZEW Current Situation (68.6) vs consensus (65.0) and prior (59.5), as EU-US trade deal concerns became reality.

    • On the corporate news flow, on the earnings front, out of DACHS, Hannover Re (HNR1.GR), K+S (SDF.GR) and Tecan Group (TECN.SW) update investors. In the UK, Bellway (BWY.LN), Spirax Group (SPX.LN) and Entain (ENT.LN) are among other names from the region to issue updates. Elsewhere, ISS A/S (ISS.DC) released in-line H1 numbers and reaffirmed FY25 outlook for all three KPIs; group also increased its share buyback program by DKK500M.

    • Little of note in M&A headlines; QinetiQ Group (QQ.LN) sold its non-core Federal IT Services business to V2X for an EV consideration of $31M and Wilmington (WIL.LN) agreed to acquire Conversia from Arraigo Midco, S.L. for a cash consideration of €121.6M. In other headlines, Goldman Sachs said on Monday an investor planned to sell ~16M shares in UBS Group (UBSG.SW), with the offer being fully subscribed.

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

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Oil & Gas +1.46%, Ind Goods & Svcs +1.22%, Travel & Leisure +1.14%, Autos & Parts +1.03%, Basic Resources +1.02%, Construct & Mtls +0.73%, Banks +0.49%, Retail +0.45%, Telecom +0.39%, Health Care +0.36%

      • Underperformers:

        • Technology (2.05%), Media (1.19%), Financial Svcs (1.00%), Real Estate (0.95%), Utilities (0.54%), Insurance (0.35%), Food & Beverage (0.27%), Persnl & HHold Goods (0.05%), Chemicals +0.17%

    • Macro:

      • Central banks:

        • Nagel Says Rates at 'Very Good Level' and ECB Can Act Flexibly -- Bloomberg

        • Bank of England trims QE loss estimate to 115B pounds -- Reuters

      • UK:

        • Rising job losses and cooling wage growth pose a challenge for Rachel Reeves -- Guardian

        • Reeves defends record on economy despite jobs plunge -- Telegraph

      • Germany:

        • German economic sentiment tumbles as EU-US trade deal underwhelms -- euronews

    • Company news:

      • Notable Gainers

        • +15.3% NOEJ.GR (Norma Group €17.70, +2.42) -- Q2 earnings

        • +13.0% SPX.LN (Spirax Group £71.25, +7.85) -- H1 earnings; Shore Capital Stockbrokers upgrade

        • +10.9% RROS.SS (Rottneros SEK2.69, +0.28) -- Q2 earnings

        • +9.6% TECN.SW (Tecan Group CHF174.00, +14.80) -- H1 earnings

        • +9.2% ATYM.LN (Atalaya Mining £5.24, +0.44) -- Q2 earnings

        • +8.7% VLA.FP (Valneva €3.99, +0.32) -- H1 earnings

        • +8.6% VID.LN (Videndum £0.51, +0.04)

        • +8.1% KOA.NO (Kongsberg Automotive NOK1.50, +0.12) -- Q2 eanrings; exercise call-option to acquire remaining 75% of Chassis Autonomy SBA

        • +7.4% SRT3.GR (Sartorius €189.55, +13.60) -- initiated buy at Jefferies

        • +6.9% PDL.LN (Petra Diamonds £0.17, +0.01)

        • +6.1% KAMUX.FH (Kamux €2.11, +0.13) -- Q2 earnings

        • +6.0% SMCP.FP (SMCP €6.37, +0.36) -- update in connection with transfer of 15.5% share capital to European Topsoho

        • +5.7% ZOO.LN (Zoo Digital Group £0.14, +0.01) -- FY earnings; initiated buy at Canaccord Genuity

        • +5.2% WAWI.NO (Wallenius Wilhelmsen NOK99.70, +5.00) -- Q2 earnings

        • +5.1% SZG.GR (Salzgitter €23.66, +1.16)

        • +5.1% ILKKA2.FH (Ilkka Oyj €3.66, +0.18)

        • +4.7% VWS.DC (Vestas Wind Systems DKK116.50, +5.25) -- 950MW order

        • +3.5% TUI1.GR (TUI Group €7.64, +0.27) -- raises FY underlying guidance

        • +2.2% NWRN.SW (Newron Pharmaceuticals CHF8.00, +0.17) -- begins enrollment in Phase III ENIGMA-TRS program with evenamide as add-on therapy in patients with treatment-resistant schizophrenia

      • Notable Decliners

        • -11.2% KOMN.SW (Komax Holding CHF93.70, -12.00) -- H1 earnings

        • -10.5% SIILI.FH (Siili Solutions €5.78, -0.66) -- Q2 earnings; starts change negotiation process

        • -8.3% HYQ.GR (Hypoport €162.60, -14.20)

        • -6.1% DLN.LN (Derwent London £18.68, -1.18) -- H1 earnings

        • -5.7% MOB.SS (Moberg Pharma SEK8.50, -0.54) -- Q2 earnings

        • -5.4% TWEKA.NA (TKH Group €33.12, -1.94) -- H1 earnings

        • -4.6% XAR.LN (Xaar £1.10, -0.06) -- H1 earnings

        • -4.3% COK.GR (CANCOM €22.90, -1.00) -- H1 earnings

        • -4.3% GEN.LN (Genuit Group £3.73, -0.17) -- H1 earnings

        • -1.4% JLP.LN (Jubilee Metals Group £0.03, -0.00) -- proposed sale of South African Chrome and PGM Operations

    • EU companies reporting tomorrow:

      • Earnings:

        • Austria: Wienerberger (WIE.AV), Semperit Holding (SEM.AV),

        • Benelux: Envipco Holding (ENVI.NA), Avantium (AVTX.NA)

        • Denmark: Ørsted (ORSTED.DC), Vestas Wind Systems (VWS.DC), Matas (MATAS.DC)

        • Finland: OLVI (OLVAS.FH), Taaleri (TAALA.FH), Sitowise Group (SITOWS.FH)

        • Germany: E.ON (EOAN.GR), TUI Group (TUI1.GR), Brenntag (BNR.GR), Renk Group (R3NK.GR), Porsche Automobil Holding (PAH3.GR), Springer Nature (SPG.GR), Sixt (SIX2.GR), Stroeer SE & Co. (SAX.GR), Grand City Properties (GYC.GR), Evotec (EVT.GR), Jenoptik (JEN.GR), Deutsche Pfandbriefbank (PBB.GR), Formycon (FYB.GR), PVA TePla (TPE.GR), Medios (ILM1.GR), GESCO (GSC1.GR), technotrans (TTR1.GR), Bike24 Holding (BIKE.GR)

        • Norway: Nordic Semiconductor (NOD.NO), Wilh. Wilhelmsen Holding (WWI.NO), 2020 Bulkers (2020.NO)

        • Sweden: Nordisk Bergteknik (NORB.B.SS), Electromagnetic Geoservices (EMGS.NO), Norva24 Group (NORVA.SS)

        • Switzerland: Straumann Holding (STMN.SW), St. Galler Kantonalbank (SGKN.SW), Berner Kantonalbank (BEKN.SW), Feintool International Holding (FTON.SW)

        • UK: Beazley (BEZ.LN), Persimmon (PSN.LN), Balfour Beatty (BBY.LN), Hill & Smith (HILS.LN), Evoke (EVOK.LN), CLS Holdings (CLI.LN)

        • Other: Turkcell (TCELL.E.TI), Glanbia (GL9.ID)

  • Data:

    • Economics:

      • Portugal Jul CPI +2.6% y/y vs preliminary +2.6%

      • Germany Aug

        • ZEW Economic Sentiment Indicator 34.7 vs consensus 39.7 and prior 52.7

        • Current Situation (68.6) vs consensus (65.0) and prior (59.5)

      • UK

        • Claimant Count Change (6.2K) vs consensus +20.8K and prior revised (15.5K) from +25.9K

        • Jun ILO Unemployment Rate 4.7% vs prior 4.7%

    • Markets:

      • WTI Crude (25-Sep): ($0.51) or (0.80%) to $63.45

      • €-$ +0.0072 or +0.62% to 1.1689

      • £-$ +0.0083 or +0.62% to 1.3516

      • €-£ (0.0000) to 0.8648

      • S&P 500 +0.84%

      • Performance year-to-date:

        • FTSE 100: +11.93%

        • DAX: +20.67%

        • CAC: +5.05%

        • MIB: +22.67%

        • Stoxx 600: +7.93%

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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