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Back to Daily DR Market Summary

StreetAccount Summary - European Market Recap: FTSE 100 (1.05%) to 9807.68, DAX (1.39%) to 24041.62, CAC40 (0.11%) to 8232.49, STOXX 600 (0.61%) to 580.67

Nov 13 ,2025

  • Synopsis:

    • European equity markets closed mostly lower Thursday, with the Stoxx Europe 600 at session lows. Follows three strong positive closes, with Stoxx Europe 600 up over 2% this week to a fresh all-time high.

    • US equities lower with S&P down (1.3%). Another session of volatile AI sentiment with a number of moving pieces in focus. Meanwhile, Trump signed into law stopgap funding bill to reopen US government. However, unlikely to resolve data vacuum, which remains an issue from Fed policy perspective with White House saying October CPI, jobs data likely won't be released due to shutdown. While resumption of Fed easing has been a component of the bullish narrative, Fed policymakers still divided on policy path.

    • On the European macro front, focus initially on data. UK prelim Q3 GDP disappointed at 0.1% versus 0.3% prior and 0.2% expected by BoE. Industrial production also missed, at (2.0%) m/m versus (0.2%) expected. Construction output slightly higher. Latest UK house price balance missed forecasts. Over 60 groups urged Chancellor Reeves to prioritize reducing electricity bill charges over VAT cuts. Eurozone industral output ECB bulletin highlighted modest growth and trade risks.Bundesbank said German economy remains mired in weakness. In France, lawmakers voted to suspend President Macron's contested pension reform, raising further concerns over fiscal sustainability. Germany's economic council cut 2026 GDP forecast criticizing Merz' infrastructure fund.

    • Busy day for earnings/updates in Europe with Insurance sector in focus; positive reactions for the likes of Generali (G.IM), Talanx (TLX.GR) and Aegon (AGN.NA), while Aviva (AV.LN) shares fell on back of its trading update / strategic update on Direct Line / new financial targets. Financial Services under pressure, with the super sector sliding (2.3%). 3i (III.LN) shares dived (17%) on back of H1 results, which shows that the implied Oct LFLs for Action were flattish. Moreover, 3i said softening trading conditions in France could pull Action's LFL sales growth for 2025 below the 6.1% guidance Action gave in March 2025. Azimut (AZM.IM) shares slumped, prompting CEO to make a statement saying he is to increase holding in the company. Industrials another European sector laggard today on back of Siemens (SIE.GR) (9%) mixed results and downbeat 2026 guidance

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Chemicals +0.66%, Insurance +0.47%, Real Estate +0.22%, Basic Resources (0.04%), Banks (0.08%), Telecom (0.09%), Health Care (0.12%), Autos & Parts (0.24%), Construct & Mtls (0.28%), Travel & Leisure (0.39%), Personal Care Drug and Grocery Stores (0.39%)

      • Underperformers:

        • Financial Svcs (2.28%), Ind Goods & Svcs (1.77%), Media (1.19%), Energy(1.08%), Consumer Products and Services (0.92%), Food, Beverage and Tobacco (0.72%), Technology (0.65%), Retail (0.62%),

    • Macro:

      • UK

        • UK economic growth slows to 0.1% in final figures before Budget -- BBC

        • UK housing market slows as confidence falls ahead of budget, RICS survey shows -- Reuters

        • Scotland hopes to issue £1.5bn of its own bonds - 'kilts' rather than gilts -- Guardian

        • Well-off London cyclists face being clobbered by 'Mamil Tax' in Rachel Reeves Budget -- Standard

      • Autos

        • EU Commission wants to significantly accelerate the electrification of company cars -- Handelsblatt

      • Spain

        • Bank of Spain steps up oversight of lending as mortgages rise -- Reuters

      • Switzerland

        • Swiss economy minister Parmelin has arrived in Washington for tariff talks -- Handelszeitung

      • Norway

        • Norway wealth fund may invest in top defence firms after 21-year ban -- Reuters

      • Nexperia

        • Dutch delegation will travel to China next week for Nexperia talks, minister says -- Reuters

    • Company news:

      • Notable Gainers

        • +20.9% IDHC.LN (Integrated Diagnostics Holdings £0.70, +0.12) -- earnings

        • +14.3% ASC.LN (Asos £2.45, +0.33) -- refinancing

        • +11.5% ALK.B.DC (ALK-Abello DKK232.40, +23.80) -- earnings; raises FY guidance

        • +10.5% FING.B.SS (Fingerprint Cards SEK21.28, +2.00) -- M-Tech Innovations receives VISA certification for India's first biometric payment card powered by FPC technology

        • +9.7% HDD.GR (Heidelberger Druckmaschinen €2.15, +0.19) -- follow-through

        • +9.3% GBF.GR (Bilfinger €98.50, +8.45) -- earnings

        • +8.4% EUZ.GR (Eckert & Ziegler Strahlen- und Medizintechnik €16.62, +1.30) -- earnings

        • +8.2% SBMO.NA (SBM Offshore €23.60, +1.84) -- trading update

        • +8.2% JST.GR (JOST Werke €53.70, +4.00) -- earnings

        • +7.2% BIOA.B.SS (BioArctic SEK269.00, +19.40) -- earnings

        • +7.2% R3NK.GR (Renk Group €65.74, +4.52) -- earnings

        • +6.9% GSF.NO (Grieg Seafood NOK70.50, +4.55) -- earnings

        • +6.7% WIZZ.LN (Wizz Air Holdings £11.35, +0.68) -- earnings

        • +6.5% MEKO.SS (MEKO AB SEK78.20, +4.80) -- earnings

        • +6.5% PNE3.GR (PNE €10.52, +0.66) -- earnings

        • +6.1% OCI.NA (OCI NV €3.42, +0.20) -- HSBC upgrade

        • +6.1% IMMU.SS (Mendus SEK6.01, +0.36) -- earnings

        • +6.0% PRS.NO (Prosafe NOK3.45, +0.20) -- earnings

        • +5.9% SWON.SW (SoftwareONE Holding CHF8.03, +0.45) -- earnings

        • +5.6% QQ.LN (QinetiQ Group £4.53, +0.25) -- earnings

        • +5.6% FNX.LN (Fonix Plc £1.84, +0.10) -- AGM statement

        • +5.2% ZEAL.DC (Zealand Pharma DKK530.00, +25.60) -- earnings

        • +5.1% CTEC.LN (ConvaTec Group £2.51, +0.12) -- trading update

        • +5.0% MRK.GR (Merck KGaA €122.85, +5.75) -- earnings

        • +4.6% FNM.SS (Ferronordic SEK45.45, +2.00) -- earnings

        • +4.2% OHB.GR (OHB SE €117.00, +4.50) -- earnings

        • +4.2% DUE.GR (Duerr €21.10, +0.85) -- earnings

        • +4.0% RBREW.DC (Royal Unibrew DKK536.50, +21.00) -- earnings

        • +4.0% COK.GR (CANCOM €25.70, +0.95) -- earnings

        • +3.9% KLR.LN (Keller Group £15.30, +0.58) -- trading update

        • +3.7% STR.AV (STRABAG SE €71.70, +2.50) -- earnings

        • +3.5% SOLB.BB (Solvay €28.24, +0.94) -- supply agreement

        • +3.4% TLX.GR (Talanx €115.70, +3.70) -- earnings

        • +3.4% MUX.GR (Mutares SE & Co KGaA €27.75, +0.90) -- earnings

        • +3.3% PSN.LN (Persimmon £12.69, +0.41) -- trading update

        • +3.1% ENDUR.NO (Endur ASA NOK88.40, +2.60) -- earnings

        • +3.1% FIA1S.FH (Finnair €2.78, +0.08) -- strategy and long-term financial targets

        • +3.1% FIA1S.FH (Finnair €2.78, +0.08) -- releases presentation material in connection with its Capital Markets Update

        • +2.9% CWC.GR (CEWE Stiftung & Co €97.80, +2.80) -- earnings

        • +2.8% FRA.GR (Fraport €76.85, +2.10) -- traffic

        • +2.7% ALVU.FP (Vente-Unique.com €15.15, +0.40) -- sales

        • +2.3% ORTHEX.FH (Orthex €5.14, +0.11) -- earnings

        • +1.9% REP.SM (Repsol €16.73, +0.33) -- Repsol reportedly examining transaction to merge its upstream business with APA Corp. -- Bloomberg

        • +1.8% VICO.SS (Vicore Pharma Holding SEK10.58, +0.18) -- share issue

        • +1.1% SPX.LN (Spirax Group £73.40, +0.75) -- trading update

        • +1.1% IXX.GR (init innovation in traffic systems €45.80, +0.50) -- earnings

        • +1.0% SON.PL (Sonae SGPS €1.50, +0.01) -- earningsx

      • Notable Decliners

        • -28.2% LORD.LN (Lords Group Trading £0.23, -0.09) -- sales

        • -28.2% FUM.LN (Futura Medical £0.02, -0.01) -- placing

        • -19.7% AERO.SW (Montana Aerospace CHF26.55, -5.90) -- earnings

        • -17.4% III.LN (3i Group £36.31, -7.09) -- earnings

        • -11.8% SUS.SS (Surgical Science Sweden SEK79.00, -9.95) -- earnings

        • -11.3% IBT.B.SS (Infant Bacterial Therapeutics SEK52.00, -6.60) -- earnings

        • -10.1% AZM.IM (Azimut Holding €0.00, -3.65) -- issues CEO statement; to increase holding in the company

        • -9.8% WRKS.LN (TheWorks.co.uk £0.39, -0.04) -- trading update

        • -9.3% SIE.GR (Siemens AG €240.90, -23.40) -- earnings

        • -7.0% NKR.NO (Nekkar NOK12.40, -0.90) -- earnings

        • -6.3% AGFB.BB (Agfa-Gevaert €0.78, -0.05) -- earnings

        • -6.2% AV.LN (Aviva £6.70, -0.43) -- trading update

        • -6.2% S92.GR (SMA Solar Technology €29.32, -1.90) -- earnings

        • -5.4% MTG.B.SS (Modern Times Group MTG SEK120.60, -6.70) -- earnings

        • -5.2% SAB.SM (Banco de Sabadell €3.32, -0.18) -- earnings

        • -5.0% INPST.NA (InPost €10.18, -0.53) -- BofA downgrade

        • -4.8% FORSE.FP (Forsee Power €0.28, -0.01) -- sales

        • -4.3% PBB.GR (Deutsche Pfandbriefbank €4.17, -0.18) -- earnings

        • -4.0% NORBT.NO (Norbit NOK178.40, -7.60) -- earnings

        • -3.7% COTN.SW (COMET Holding CHF193.60, -7.30) -- revises mid-term targets - CMD

        • -3.3% ALTHX.FP (THX Pharma €1.86, -0.06) -- completes capital increase

        • -3.2% BANQ.BB (Banqup Group €3.81, -0.12) -- sales

        • -2.5% DHER.GR (Delivery Hero €19.67, -0.46) -- earnings

        • -2.4% HLAG.GR (Hapag-Lloyd €114.50, -2.80) -- earnings

        • -2.3% PCZ.GR (ProCredit Holding €7.68, -0.18) -- earnings

        • -2.0% BRBY.LN (Burberry Group £13.15, -0.26) -- earnings

    • EU companies reporting tomorrow:

      • Earnings:

        • Austria: Rosenbauer International (ROS.AV)

        • Denmark: Bavarian Nordic (BAVA.DC)

        • Finland: Tokmanni Group (TOKMAN.FH), Koskisen (KOSKI.FH)

        • France: Vallourec (VK.FP)

        • Germany: Allianz (ALV.GR), Bechtle (BC8.GR), Wüstenrot & Württembergische (WUW.GR), Nagarro (NA9.GR), Borussia Dortmund (BVB.GR), Lang & Schwarz (LUS1.GR), H&R (2HRA.GR)

        • Italy: Interpump Group (IP.IM), ERG (ERG.IM), Tamburi Investment Partners (TIP.IM), Cembre (CMB.IM), El.En. (ELN.IM), Marr (MARR.IM), FILA - Fabbrica Italiana Lapis ed Affini (FILA.IM), Emak (EM.IM), Aeffe (AEF.IM)

        • Norway: Orkla (ORK.NO), AF Gruppen (AFG.NO), BW Offshore (BWO.NO), Omda (OMDA.NO)

        • Spain: MERLIN Properties SOCIMI (MRL.SM)

        • Sweden: NIBE Industrier (NIBE.B.SS), GARO (GARO.SS), Karolinska Development (KDEV.SS), Precise Biometrics (PREC.SS), Smart Eye (SEYE.SS), Bjorn Borg (BORG.SS), Paxman (PAX.SS)

        • Switzerland: Richemont (CFR.SW), Swiss Re (SREN.SW), Sonova Holding (SOON.SW)

        • UK: United Utilities Group (UU.LN), Land Securities Group (LAND.LN)

        • Other: Societatea Nationala de Gaze Naturale ROMGAZ (SNG.RO)

      • Trading Update:

        • Benelux: CVC Capital Partners (CVC.NA)

  • Data:

    • Economics:

      • Sweden Oct CPI +0.9% y/y vs preliminary +0.9%

      • UK

        • Q3 Preliminary GDP +1.3% y/y vs consensus +1.3% and prior +1.4%

        • Sep

          • Construction Output +1.3% vs consensus +1.2% and prior revised +1.1% from +1.0%

          • Visible Trade Balance (£18.88B) vs consensus (£20.8B) and prior revised (£19.53B) from (£21.18B)

      • Switzerland Oct PPI (1.7%) y/y vs consensus (1.8%) and prior (1.8%)

    • Markets:

      • WTI Crude (Dec 25): +$0.39 or +0.67% to $58.88

      • €-$ +0.0053 or +0.46% to 1.1648

      • £-$ +0.0071 or +0.54% to 1.3204

      • €-£ (0.0008) to 0.8822

      • S&P 500 (1.29%)

      • Performance year-to-date

        • FTSE 100: +20.00%

        • DAX: +20.76%

        • CAC: +11.54%

        • MIB: +30.92%

        • Stoxx 600: +14.39%

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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