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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +0.13% to 9321.40, DAX +0.29% to 24363.09, CAC40 +0.40% to 7969.69, STOXX 600 +0.40% to 561.31

Aug 22 ,2025

  • Synopsis:

    • European equity markets closed higher. Basic Resources, Autos & Parts and Travel & Leisure the best performers; Insurance, Utilities and Food & Beverage among the notable underperformers. Follows narrowly mixed performance on Thursday but still on track for a positive weekly performance having posted fresh five-month highs and trading close to all-time highs.

    • Fed easing expectations a tailwind for risk sentiment. Fed Chair Powell's widely anticipated Jackson Hole speech leaned more dovish than expected, noting that shifting balance of risks may warrant policy adjustment. Also pointed out downside risks to employment on the rise. Reiterated that tariffs likely to only have a short-lived impact on prices. Not surprisingly, speech did not address political pressures on monetary policy. In Europe, yesterday's PMIs reinforced expectations of unchanged policy for ECB and BoE in September. Today, ECB sources also said after US-EU trade deal, bank can keep rates unchanged in September.

    • Limited macro updates in Europe. German final Q2 GDP came in weaker than preliminary reading with contraction of 0.3% q/q. UK consumer confidence hit best level since December, with biggest driver changing perception on personal finances. French business sentiment steady in August.

    • In earnings news, Ambu (AMBU.B.DC) reported Q3 earnings this morning and raised the lower end of FY organic revenue growth guidance, whilst Bavarian Nordic A/S reported Q2 earnings and narrowed its FY revenue expectations. In Sweden, NIBE Industrier (NIBE.B.SS) issued Q2 earnings numbers. In Austria, UNIQA Insurance Group (UQA.AV) released H1 earnings report and indicated it expects FY EBT of €490-510M.

    • Little of note in M&A; in other news flow, Air Liquide (AI.FP) has signed a binding agreement with Macquarie Asia-Pacific Infrastructure Fund 2, for the acquisition of DIG Airgas for an enterprise value of €2.85B/KRW4.6T. In other corporate news, BAE Systems (BA.LN) is to accelerate chip production for mission-critical defence programs using CHIPS Act funding towards the modernisation of the Microelectronics Centre (MEC) in New Hampshire.

    • Looking ahead to monday's calendar (see - Europe Week Ahead: 25-Aug to 29-Aug attached) Metall Zug (METN.SW), Molecular Partners (MOLN.SW), BE Group (BEGR.SS), Energiekontor (EKT.GR) will be amongst other names to update investors, whilst the macro-calendar releases will include Germany Aug Ifo survey, Spain Jul PPI, Finland Jul PPI. Holidays: UK (Bank Holiday).

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Basic Resources +1.64%, Autos & Parts +1.36%, Travel & Leisure +1.28%, Retail +1.18%, Chemicals +1.10%, Financial Svcs +1.08%, Construct & Mtls +1.07%, Technology +0.97%, Real Estate +0.88%, Ind Goods & Svcs +0.85%, Oil & Gas +0.57%, Media +0.56%,

      • Underperformers:

        • Insurance (0.60%), Utilities (0.25%), Food & Beverage (0.18%), Banks (0.09%), Health Care +0.05%, Telecom +0.29%, Persnl & HHold Goods +0.35%,

    • Macro/Peripheral markets:

      • Geopolitics

        • Famine confirmed in Gaza City, report says, as UN chief labels it 'failure of humanity' - BBC

        • Trump's peace bid flops as Kremlin says no plans for Putin-Zelenskyy summit - Politico

      • Central Banks

        • ECB's Nagel Says There's a 'High Bar' for Another Rate Cut - Bloomberg

        • ECB Officials Sticking to Steady-Rates Plan After Trade Deal - Bloomberg

      • EU

        • Macron, Merz, Tusk will visit Moldova on August 27 for independence day, Elysee says - Reuters

      • UK

        • UK banks have closed more than one in three branches over past five years - FT

        • UK's third-largest steelworks collapses into government control - BBC

        • Fears grow over impact of ONS data reliability on Rachel Reeves's budget - The Guardian

        • Scotland leans on English taxpayers to pay the bills as North Sea revenue falls - The Telegraph

      • France

        • Paris Banks Want France to Cut the Costs of Firing Traders - Bloomberg

      • Germany

        • German economy shrank more than expected in spring - Handelsblatt

        • DIW boss calls for mandatory social year for pensioners - Handelsblatt

      • Norway

        • Norway's giant fund in election crosshairs over Israel investments - Reuters

      • Poland

        • Poland's Bank-Tax Plan Sinks Stocks as Budget Risks in Focus - Bloomberg

    • Company news:

      • Trading Higher:

        • +77.8% AGAS.NO (Avance Gas Holding NOK0.24, +0.11) -- holder Hemen Holding Limited sells 100K shares

        • +36.1% PIERCE.SS (Pierce Group SEK13.20, +3.50) -- earnings

        • +24.1% TPG.GR (The Platform Group €10.45, +2.03) -- earnings; acquisition

        • +14.7% ACC.NO (Aker Carbon Capture NOK0.16, +0.02) -- releases a liquidation balance sheet as of 31-Jul-25

        • +6.8% AKZA.NA (Akzo Nobel €60.92, +3.90) -- Cevian Capital acquiring over 3% stake in AkzoNobel - FT, citing filing

        • +6.6% AMBU.B.DC (Ambu DKK101.80, +6.30) -- earnings

        • +6.0% HAUTO.NO (Höegh Autoliners NOK117.30, +6.60) -- earnings; dividend

        • +6.0% FUR.NA (Fugro €12.09, +0.68) -- BNP Paribas Exane upgrade

        • +5.6% NTI.NO (Norsk Titanium NOK1.10, +0.06) -- private placement

        • +5.5% SATS.NO (SATS ASA NOK38.35, +2.00) -- Pareto upgrade

        • +5.1% NIBE.B.SS (NIBE Industrier SEK46.06, +2.23) -- earnings

        • +5.1% BTS.B.SS (BTS Group SEK190.60, +9.20) -- earnings

        • +4.7% THEON.NA (Theon International €24.55, +1.10) -- Kepler Cheuvreux upgrade

        • +3.9% KAP.LN (National Atomic Company Kazatomprom £44.15, +1.65) -- earnings

        • +3.6% HAG.GR (HENSOLDT €86.50, +3.00) -- Citi upgrade

        • +3.2% ANCR.LN (Animalcare Group £2.60, +0.08) -- acquisition

        • +3.2% VICO.SS (Vicore Pharma Holding SEK11.08, +0.34) -- earnings

        • +2.9% MGAM.LN (Morgan Advanced Materials £2.13, +0.06) -- acquisition; buyback

        • +2.2% SQZ.LN (Serica Energy £1.74, +0.04) -- announces first lifting of oil from the Triton FPSO since the resumption of production is underway; confirms FY production guidance of 33,000 - 35,000 boepd

        • +2.0% ERIC.B.SS (Telefonaktiebolaget LM Ericsson SEK75.56, +1.50) -- completes sale of iconectiv

      • Trading Lower:

        • -28.4% ITECH.SS (I-Tech SEK83.00, -33.00) -- earnings

        • -18.6% VBX.GR (Voltabox €6.90, -1.58) -- holder EW-Trade (Herbert Büttner) disposed of 2.45M shares under a share purchase and transfer agreement to Geraer Batterie-Dienst GmbH - Filing

        • -6.4% SLEEP.SS (Sleep Cycle SEK27.60, -1.90) -- earnings

        • -5.4% KABE.B.SS (KABE Group SEK235.00, -13.50) -- earnings

        • -3.6% DOV1V.FH (Dovre Group €0.16, -0.01) -- CFO resigns

        • -3.5% KID.NO (Kid ASA NOK150.00, -5.40) -- DNB Carnegie, Pareto downgrade

        • -2.7% ARB.LN (Argo Blockchain £0.02, -0.00) -- updates on proposed recapitalization plan and negotiations with Growler Mining, LLC

        • -2.2% MOZN.SW (mobilezone holding CHF10.90, -0.24) -- completes buyback

        • -2.2% UQA.AV (UNIQA Insurance Group €12.66, -0.28) -- earnings

        • -1.8% EVD.GR (CTS Eventim €81.10, -1.45) -- Oddo downgrade

    • EU companies reporting tomorrow:

      • Earnings:

        • DACHs: Metall Zug (METN.SW), Molecular Partners (MOLN.SW)

      • CMD/events: BE Group (BEGR.SS) EGM for rights issue, Energiekontor (EKT.GR) business update call

  • Data:

    • Economics:

      • Germany Q2 GDP +0.2% y/y vs preliminary +0.4%; (0.3%) q/q vs preliminary (0.1%)

      • Sweden Jul Unemployment Rate 8.0% vs consensus 7.0% and prior 9.4%

      • France Aug Business Survey 96 vs consensus 96 and prior 96

    • Markets:

      • WTI Crude (Oct 25): +$0.04 or +0.06% to $63.56

      • €-$ +0.0118 or +1.02% to 1.1725

      • £-$ +0.0124 or +0.93% to 1.3538

      • €-£ +0.0008 to 0.8660

      • S&P 500 +1.68%

      • Performance year-to-date

        • FTSE 100: +14.05%

        • DAX: +22.37%

        • CAC: +7.98%

        • MIB: +26.69%

        • Stoxx 600: +10.58%

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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