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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: FTSE closed, DAX (0.3%), CAC +0.1%

Aug 25 ,2025

  • Synopsis

    • European equities indicated to open mixed to lower following Asia generally higher. UK markets are closed for a Bank Holiday

    • Following Fed dovish Powell speech at Jackson Hole on Friday, the summit concluded over the weekend, where BOE's Bailey says UK faces challenge to raise potential growth (Guardian, Bloomberg) and ECB's Lagarde highlighted migrant labor as key Eurozone growth support (Politico, Reuters)

    • Today sees Bundesbank's Balz speech at 15:30CET at European Forum Alpbach.

    • In politics, EU Parliament returns after summer recess and sees a week mainly dedicated to external parliamentary activities. EU's Roswall gives a keynote address at World Water Week (Sun-Thu). Also, Norway's minister of trade and industry Myrseth meets with grocery players, suppliers including Orkla (ORK.NO). Minister will be available to the press at 13:00CET following the meeting

    • Reportedly, Trump administration waiting to approve oil majors apart from Chevron to operate in Venezuela

    • Amongst the handful of economic data releases scheduled focus us on Germany Aug IFO data. Finland Jul PPI (1.5%) vs consensus (2.0%) and prior (1.8%), whilst the same stat is awaited for Spain

  • Politics/Macro/World News

    • EU defends US trade deal to avoid costly conflict (Bloomberg)

    • EU's trade deal with US sparks stability debate (Politico)

    • Draghi says EU must bolster defense in geopolitical shift (Politico)

    • Putin's moves hint at possible Ukraine peace concessions (Express)

    • Zelenskyy, NATO push for robust Ukraine security guarantees (Politico)

    • Germany urged to seek new trade partners amid US tariffs (Reuters)

  • Top company news

    • Earnings/updates

      • METN.SW (Metall Zug) -- H1 net income (CHF10.3M) vs FactSet (CHF1.4M) [1 est]

      • HEN3.GR (Henkel) -- anticipates profitable growth this fiscal year; does not expect widespread price increases like in 2022 - Rheinische Post

      • GSF.NO (Grieg Seafood) -- advises that due to divestment, Q2 results unlikely to be comparable to consensus

      • Also scheduled to report:

        • DACHs: Molecular Partners (MOLN.SW)

    • M&A

      • JDEP.NA (JDE Peet's) -- Keurig Dr Pepper to acquire JDE Peet for €31.85/share in cash

      • INLOT.GA (Intralot) -- Bally's announces mandatory tender offer for Intralot becomes unconditional (22-Aug)

      • BHP.AU (BHP Group) -- BHP puts mothballed nickel assets in Western Australia up for sale - The Australian

      • BBU (Brookfield Business Partners) -- Bain, Axight could join forces to bid for La Trobe Financial; CVC (CVC.NA) among other competing suitors - Australian Financial Review

      • HLEE.SW (Highlight Event & Entertainment) -- to carry out CHF300M capital increase at CHF12/share

        • Highlight Communications majority holder HLEE to carry out capital increase by which new investor may acquire majority stake in HLEE

      • FRAS.LN (Frasers Group) -- Coventry City Football Club buys Coventry Building Society Arena from Frasers Group; terms undisclosed

      • BBOX.LN (Tritax Big Box REIT) -- Statement on updated recommended cash offer for Warehouse REIT

      • FEN.LN (Frenkel Topping Group) -- announces extension of PUSU deadline to 22-Sep-25

      • ENT.LN (Entain) --Betr Entertainment considering bid for Entain's Australian business - Australian Financial Review

      • Databricks to acquire Tecton; terms undisclosed - Reuters, citing Databricks CEO Ali Ghodsi

    • Healthcare

      • OSE.FP (OSE Immunotherapeutics) -- proposes governance evolution and reaffirms strategic priorities; announces roadmaps for Tedopi and Lusvertikimab

      • VLA.FP (Valneva) -- announces FDA's decision to suspend license of Chikungunya Vaccine IXCHIQ in the U.S.

      • ARGX.BB (argenx) -- pivotal ADAPT SERON study of VYVGART meets primary endpoint

    • Other

      • ORSTED.DC (Ørsted) -- US orders Revolution Wind project to stop construction

      • DEBS.LN (Debenhams Group) -- Frasers Group (FRAS.LN) targets Boohoo chairman Tim Morris - Telegraph

      • TGS.NO (TGS-NOPEC Geophysical Co.) -- announces the award of a large streamer contract offshore Indonesia

      • HSBA.LN (HSBC Holdings) -- HSBC's Swiss private bank launches cull of over 1,000 wealthy Middle Eastern clients amid scrutiny from regulators over high-risk customers - Bloomberg

      • LHA.GR (Deutsche Lufthansa) -- to implement new organizational structure from early 2026 - Handelsblatt

      • SBRY.LN (J Sainsbury) -- now UK's most-shorted stock - Sunday Telegraph

      • Contractor dies after incident at Rio Tinto's (RIO.LN) Simandou project in Guinea; activity suspended at mine

      • Estimated weekend box office revenues in US, Canada $77.0M, (13.3%) y/y - Box Office Mojo

      • ESSITY.B.SS (Essity) -- Dagens Industri out with buy recommendation for Essity (23-Aug)

  • Key rating changes

    • Downgrades

      • RWE.GR (RWE) -- to hold from buy at Kepler Cheuvreux

      • THULE.SS (Thule Group) -- to sell from hold at SEB

      • HEXA.B.SS (Hexagon) -- to hold from buy at ABG Sundal Collier

    • Initiations/re-instatements

      • ROO.LN (Deliveroo) -- re-instated hold at Stifel

      • ARGX (argenx) -- initiated outperform at RBC Capital Markets

  • Data

    • Nikkei +0.45% to 42825.94

    • Hang Seng +1.96% to 25834.98

    • Shanghai Composite +0.81% to 3856.61

    • S&P futures (2.0) vs prior close of 6483.3

    • €-$ (0.0016) or (0.13%) to 1.1711

    • $-¥ +0.32 or +0.22% to 147.20

    • €-¥ +0.19 or +0.11% to 172.38

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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