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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +0.78% to 9609.53, DAX +0.97% to 23464.63, CAC40 +0.83% to 8025.80, STOXX 600 +0.91% to 568.01

Nov 25 ,2025

  • Synopsis:

    • European equity markets ended firmly higher Tuesday. Follows positive performance on Monday. Constructions, retail and banks the best performers. Tech and energy the biggest laggards.

    • Markets supported by reports Ukraine has accepted revised US peace deal. However, neither Ukraine nor Russia officially confirmed delegations participated in recent talks. Risk appetite also improving on December Fed rate-cut bets, though momentum limited. Meanwhile, according to reports, Chancellor Reeves has asked banks to make public endorsements of the budget, as she prepares to spare the sector from a tax raid. Set to cut annual tax free savings limit to £12k.

    • On macro data front, German Q3 GDP unchanged from preliminary estimate at 0% q/q. France Nov Consumer Confidence below at 89 vs consensus 91 and prior 90. CBI distributive trade reading deteriorates in November to (32) vs consensus (30) and prior (27). Industry data showed European car sales increased for the fourth month in October.

    • In corporate news flow, out of DACHs, Straumann Group (STMN.SW) presented its next strategic phase towards 2030 and now sees FY30 revenue growth at around 10% CAGR. thyssenkrupp nucera (NCH2.GR) also reported. Out of the UK, Kingfisher (KGF.LN), EasyJet (EZJ.LN) and Compass Group (CPG.LN) were among other names from the region to update investors. Elsewhere, ABN AMRO Bank (ABN.NA) published update ahead of CMD today and presented new strategy and financial outlook for 2026-2028; group also agrees to sell Alfam to Rabobank for an undisclosed sum. Fortum (FORTUM.FH) is hosting a CMD this morning.

    • In M&A headlines, Zegona Communications plc (ZEG.LN) announced that AXA IM Alts, has signed a binding contract with Vodafone ONO, S.A.U. and Telefónica España Filiales S.A.U. (TEF.SM) to acquire a 40% stake in FiberPass. According to Corriere della Sera, CdP is looking to purchase of Mercury's 3.2% stake in Nexi (NEXI.IM).

    • Looking ahead to tomorrow's EU econ-calendar, notable releases will include, amongst others, Switzerland Nov economic sentiment index.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Construct & Mtls +2.39%, Retail +1.76%, Banks +1.72%, Travel & Leisure +1.54%, Basic Resources +1.46%, Health Care +1.22%, Financial Svcs +1.20%, Persnl & HHold Goods +1.09%, Telecom +1.08%, Media +1.03%, Autos & Parts +0.99%

      • Underperformers:

        • Technology (0.05%), Oil & Gas (0.02%), Utilities +0.05%, Food & Beverage +0.15%, Real Estate +0.20%, Chemicals +0.48%, Insurance +0.80%, Ind Goods & Svcs +0.84%

    • Macro:

      • Central Banks:

        • Digital euro is "not a threat" to private banks, ECB Villeroy says -- BFMTV

        • Awakening Europe's Inner Animal: Building a Resilient and Innovative Economy -- DNB

        • Better Rules, Better Outcomes: The Next Evolution in Financial Regulation - Remarks by Governor Gabriel Makhlouf at Financial System Conference 2025 -- CBI

      • EU:

        • 2026 European Semester: Autumn package -- EC

      • UK:

        • UK to extend sugar tax to cover bottled milkshakes and pre-packaged lattes -- Guardian

        • Heathrow Airport Limited's third runway proposal will be basis for expansion -- Gov.UK

        • Reeves clears path for tourist tax in boost for Sadiq Khan -- Telegraph

      • Germany:

        • Germany's Data Center Boom is Pushing the Power Grid to Its Limits -- TechPolicy

        • Germany's Christmas markets grapple with soaring security costs

      • France:

        • How French teachers' pensions leave students falling behind -- Reuters

        • France to Spend $150M Uprooting Vines as Wine Demand Dips -- Bloomberg

      • Italy:

        • Italy and Saudi Arabia strengthen strategic partnership -- Sole24Ore

    • Company news:

      • Notable Gainers

        • +18.0% MARS.LN (Marston's £0.59, +0.09) -- FY earnings

        • +9.6% GAM.SM (General de Alquiler de Maquinaria €1.48, +0.13) -- 9M earnings

        • +6.8% RLF.SW (RELIEF THERAPEUTICS Holding CHF2.74, +0.18) -- CMD

        • +6.5% ABN.NA (ABN AMRO Bank €28.55, +1.73) -- CMD; to sell Alfam to Rabobank

        • +6.0% KGF.LN (Kingfisher £3.10, +0.18) -- Q3 trading update

        • +5.3% ECR.SM (Ercros €3.29, +0.17) -- Bondalti acquisition of company satisfies competition law requirement in Spain

        • +4.9% NEXI.IM (Nexi SpA €4.05, +0.19) -- Italian state holding Cassa Depositi Prestiti (CdP) weighs purchase of Mercury's 3.2% stake in Nexi -- MF, citing Corriere della Sera

        • +4.7% EFGN.SW (EFG International CHF17.94, +0.80) -- 10M trading update; CMD

        • +4.5% POS.AV (PORR €30.20, +1.30) -- Erste Group upgrade

        • +4.2% STORY.B.SS (Storytel SEK71.20, +2.90) -- DNB Carnegie upgrade

        • +4.1% RNWH.LN (Renew Holdings £9.50, +0.37) -- FY earnings

        • +3.8% LLOY.LN (Lloyds Banking Group £0.91, +0.03) -- sector move

        • +3.7% NWG.LN (NatWest Group £6.05, +0.22) -- sector move

        • +3.6% ACS.SM (ACS SA €78.30, +2.70) -- Bernstein upgrade

        • +3.5% UQA.AV (UNIQA Insurance Group €14.74, +0.50) -- CMD

        • +2.9% ADMCM.FH (Admicom €44.10, +1.25) -- 2026-2028 mid-term financial targets, revises dividend policy

        • +2.7% SBO.NO (Selvaag Bolig NOK33.90, +0.90) -- to conduct up to 800K-share buyback

        • +2.5% CWK.LN (Cranswick £51.20, +1.25) -- H1 earnings

        • +2.3% BARC.LN (Barclays £4.10, +0.09) -- sector move

        • +2.3% SKA.B.SS (Skanska SEK247.90, +5.60) -- contract

      • Notable Decliners

        • -33.3% THRU.LN (Thruvision Group £0.01, -0.00) -- H1 earnings

        • -12.1% ETL.FP (Eutelsat Communications €2.84, -0.39) -- launches second tranch of rights issue

        • -9.2% BEZ.LN (Beazley £7.81, -0.79) -- 9M earnings

        • -7.2% SANOMA.FH (Sanoma €9.67, -0.75) -- CMD

        • -6.4% EGTX.SS (Egetis Therapeutics SEK5.01, -0.34) -- Q3 eanrigs

        • -5.7% ITRK.LN (Intertek Group £45.92, -2.78) -- trading statement

        • -5.7% TEP.LN (Telecom Plus £16.42, -1.00) -- H1 earnings

        • -5.5% FORTUM.FH (Fortum €17.36, -1.01) -- CMD

        • -4.1% NANO.FP (Nanobiotix €18.04, -0.78) -- Q3 operational update

        • -3.8% ZEAL.DC (Zealand Pharma DKK520.60, -20.40) -- BofA downgrade

        • -3.0% EXAE.GA (Hellenic Exchanges-Athens Stock Exchange €6.08, -0.19) -- 9M earnings

        • -2.4% TIETO.FH (Tietoevry €17.84, -0.43) -- updates its strategy along with financial targets and capital allocation policy

        • -2.3% BEG.LN (Begbies Traynor Group £1.08, -0.03) -- acquires Network Auctions for cash consideration up to £1.0M

    • EU companies reporting tomorrow:

      • Earnings:

        • Benelux: HAL Trust (HAL.NA), CMB.TECH (CMBT.BB)

        • DACHs: Aroundtown (AT1.GR), CA Immobilien Anlagen (CAI.AV)

        • France: LDC (LOUP.FP), Trigano (TRI.FP), Aramis Group (ARAMI.FP)

        • Nordics: Elekta (EKTA.B.SS), Doro (DORO.SS), Immunovia (IMMNOV.SS), SED Energy Holdings (ENH.NO), Norse Atlantic (NORSE.NO), PARKEN Sport & Entertainment (PARKEN.DC), FirstFarms (FFARMS.DC)

        • Southern Europe: HBX Group International (HBX.SM), AEDAS Homes (AEDAS.SM)

        • UK: Pets At Home Group (PETS.LN), Auction Technology Group (ATG.LN), Helical (HLCL.LN), Impax Asset Management Group (IPX.LN), Speedy Hire (SDY.LN), Cake Box Holdings (CBOX.LN)

        • Other: Moscow Exchange MICEX-RTS PJSC (MOEX.RU)

  • Data:

    • Economics:

      • UK Nov CBI Distributive Trades (32) vs consensus (30) and prior (27)

      • Germany Q3 GDP y/y +0.3% vs consensus +0.3% and prior revised to +0.2% from +0.2%

      • France Nov Consumer Confidence 89 vs consensus 89.5 and prior 90

      • Spain Oct PPI y/y +0.7% vs consensus +0.4% and prior revised to +0.2% from +0.3%

      • Sweden Oct PPI +0.4% y/y vs consensus +0.3% and prior +0.5%

      • Finland Oct Unemployment Rate 9.6% vs consensus 9.1% and prior 9.1%

    • Markets:

      • WTI Crude (26-Jan): ($1.30) or (2.21%) to $57.54

      • €-$ +0.0037 or +0.32% to 1.1558

      • £-$ +0.0071 or +0.54% to 1.3176

      • €-£ (0.0021) to 0.8771

      • S&P 500 +0.31%

      • Performance year-to-date:

        • FTSE 100: +17.58%

        • DAX: +17.86%

        • CAC: +8.74%

        • MIB: +24.90%

        • Stoxx 600: +11.90%

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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