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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE (0.05%), DAX30 +0.01%, CAC40 +0.15%

Sep 19 ,2025

  • Synopsis

    • European indicies are set to open mixed, mirroring Asian indices also mixed after BOJ announced it left uncollateralized overnight call rate unchanged at 0.50%, matching expectations.

    • Hundreds of thousands took part in anti-austerity protests across France on Thursday as France confronts impossible choice: political stability or economic rationality.

    • European equity markets finished higher on Thursday along with US equities though stocks ended off best levels. However, S&P 500 and Nasdaq still posted fresh record highs, while small cap Russell 2000 the standout, broke Nov-21 record close.

    • Fed still dominating the news cycle with a lot of moving pieces in the takeaways from Wednesday's developments. Powell said no widespread support for 50 bp rate cut,

    • Economic data for today: Germany Aug PPI, UK Aug retail sales, Sep consumer confidence - GfK, France Sep business survey

    • Friday sees, in central banks, ECB's Montagner panellist at 9:40CET and Tuominen at 11:30 at EUROFI Financial Forum (Wed-Fri). Bundesbank's Köhler-Geib speech at 11:30CET at event hosted by Assn.

  • Politics/Macro/World News

    • Nvidia to Invest £2 Billion in UK Firms Including Wayve, Revolut (BBG )

    • UK households prefer cash, as they plough record sums into Isas (FT )

    • French unions strike against austerity, pressuring Macron (Reuters )

    • UK consumers turn more wary as economic worries mount, GfK says (Reuters )

  • Top company news

    • Earnings/updates

      • SAX.GR (Stroeer SE & Co. KGaA) -- adjusts outlook for FY25; expects revenue (before acquisitions) and Adj. EBITDA to be on a par with the previous year

      • STM.GR (Stabilus) -- adopts a transformation program to strengthen its long-term competitiveness; updates FY25 guidance

      • BOI.FP (Boiron) -- reports H1 net income €11.4M vs year-ago €3.3M

      • TIMA.GR (ZEAL Network) -- raises FY25 guidance; expects revenue to be in range of €205-215M vs prior guidance €195-205M and FactSet €207.9M

    • M&A

      • SPI.LN (Spire Healthcare Group) -- opens talks with several parties to explore strategic options, including potential sale - Reuters

      • VENDA.NO (Vend Marketplaces) -- signs agreement to sell Lendo Group to Clar Global AB; price not disclosed; any surplus cash will be returned to shareholders

      • G24.GR (Scout24) -- acquires Spanish online real estate platforms Fotocasa and Habitaclia; terms undisclosed

      • EQT.SS (EQT AB) -- EQT seeking to sell GlobalConnect - FT

      • JTC.LN (JTC) -- Advent International exploring bid for JTC, but has put work on hold in recent days due to share price rally - Reuters, citing people familiar with the matter

      • AED.BB (Aedifica) -- acquires trading care home in Mutxamel, Alicante for ~€7.5M

      • Offshore buyout fund considered frontrunner in competition for UGL's transport division - The Australain

    • Healthcare

      • FME.GR (Fresenius Medical Care) -- advances its FME Reignite strategy with €312M investment in its Value-Based Care asset and appoints CEO for the operating segment

      • IDIA.SW (Idorsia) -- receives approval from Swissmedic for JERAYGO (aprocitentan) as the first and only endothelin receptor antagonist (ERA) for the treatment of resistant hypertension

      • REC.IM (Recordati) -- announces resignation of Luigi la Corte as group CFO while maintaining role as member of the board

      • KURN.SW (Kuros Biosciences) -- issues statement on media inquiry concerning former board member

    • Other

      • MBG.GR (Mercedes-Benz Group) -- to build 140MW wind farm in Germany

      • SKF.B.SS (SKF) -- Transcript Intelligence: SKF at Tech and Innovation Summit

      • CRDA.LN (Croda International) -- holder Standard Latitude Master Fund Ltd. reports voting rights attached to shares and through financial instruments of ~5.5% (filing prior to close on 18-Sep)

      • Intraday themes include FTC lawsuit against Live Nation, Ticketmaster over reselling tactics (18-Sep)

      • Nikon Corp trading higher; EssilorLuxottica raises stake to 9.5% from 8.5%

  • Key rating changes

    • Upgrades

      • Morgan Stanley upgrades NN.NA; downgrades ASRNL.NA

      • IBE.SM (Iberdrola) -- to outperform from neutral at Oddo

      • SSPG.LN (SSP Group) -- to neutral from sell at UBS

    • Initiations:

      • Wickes Group WIX.LN initiated buy at Jefferies

    • Downgrades

      • SIGN.SW (SIG Combibloc Group) -- to equal-weight from overweight at Morgan Stanley

      • VCT.LN (Victrex) -- to hold from buy at Jefferies

  • Data

    • Nikkei (0.32%) to 45158.04

    • Hang Seng (0.44%) to 26427.69

    • Shanghai Composite (0.44%) to 3814.74

    • S&P futures +4.3 vs prior close of 6693.5

    • €-$ (0.0011) or (0.09%) to 1.1778

    • $-¥ (0.53) or (0.36%) to 147.46

    • €-¥ (0.73) or (0.42%) to 173.69

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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