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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 (0.56%) to 9649.03, DAX (0.45%) to 24186.49, CAC40 (0.21%) to 8068.62, STOXX 600 (0.53%) to 578.24

Dec 12 ,2025

  • Synopsis:

    • European equity markers generally ended lower, with pan-European indices haven given up initial gains. After extending initial gains shares gradually pared advances, the move to the downside accelerating later in the session in tandem with move on Wall Street, and shares ended just above the lows of the day

    • Austria (1.4%) was the outlier to the downside and along with the Netherlands (0.8%) joined the FTSE100 in leading underperformers. Just Norway, Portugal both +0.1% remained up on the day and along with Greece, Switzerland both (0.1%) led outperformers

    • Netherlands latest round of coalition government negotiations, Frances budget passage through parliament, and Ukraine-Russia peace talks provides the backdrop, as market participants had little significant company news flow

    • Survey of economists showed majority expect next ECB move will be an interest rate hike, which aligns with market expectations and ECB's Schnabel recent comments.

    • On macro data front, attention on monthly UK activity data highlighting a weak economic backdrop ahead of next week's BoE decision. Elsewhere, Nov final CPUs from across the region came inline with preliminary releases.

    • ECOFIN meeting took place with ECB's de Guindos among the attendees.

    • M&A news flow included BNP Paribas (BNP.FP) entered into exclusive discussions with Holmarcom for the sale of its 67% stake in BMCI in Morocco, JCDecaux (DEC.FP) will sell an additional part of its stake in APG|SGA (APGN.SW) to NZZ, EssilorLuxottica (EL.FP) acquired Signifeye and Emeis (EMEIS.FP) announced sales agreements with Tertianum for nursing home activities in Switzerland and associated real estate assets for a total value of CHF250M. Generali (G.IM) and BPCE (Natixis) agreed to end the negotiations related to the establishment of a JV in asset management. Poste italiane (PST.IM) increased its stake in Tim (TIT.IM) to 27.32% by acquiring an additional 2.51% stake from Vivendi (VIV.FP). Aberdeen Group (ABDN.LN) reached an agreement with MFS to acquire management of Closed End Funds with assets totalling £1.5B. Genmab (GMAB,DC) announced the completion of tender offer for outstanding common shares of Merus N.V. (MRUS)

    • Amongst the handful of company earnings/updates were Capita (CPI.LN) trading update, Loomis (LOOMIS.SS) announced an impairment of goodwill and provisions in Q4, Kesko (KESKOB.FH) monthly sales, Aena S.M.E. (AENA.SM) monthly traffic, whilst WH Smith (SMWH.LN) postponed the release of its FY preliminary results a few days

    • Also, Wendel (MF.FP) Investor Day, Eutelsat Communications (ETL.FP) results of its ~€670M rights issue, part of the wider €1.5B capital raise exercise. UBS Group (UBSG.SW) reports that a compromise on AT1 debt instruments might be imminent. A.P. Moller - Maersk (MAERSK.B.DC) appointed a new CFO

    • Sovereign credit rating reviews due after the close include Fitch (Norway, EFSF, ESM) and Moody's (Finland, Slovakia)

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Travel & Leisure +1.07%, Utilities +0.58%, Autos & Parts +0.56%, Chemicals +0.43%, Financial Svcs +0.40%, Food & Beverage +0.08%, Retail +0.07%, Real Estate(0.03%), Insurance (0.21%), Telecom (0.22%), Ind Goods & Svcs (0.27%), Construct & Mtls (0.27%), Media (0.43%)

      • Underperformers:

        • Basic Resources (1.49%), Banks (1.32%), Oil & Gas (1.19%), Technology (0.95%), Persnl & HHold Goods (0.80%), Health Care (0.72%)

    • Macro/Peripheral markets:

      • France:

        • Seeks to delay crunch vote on EU's Mercosur deal - Politico

      • Greece:

        • Public sector union calls 16-Dec strike as budget vote nears - ekathimerini

      • Ireland:

        • Domestic economy could expand by just over +2% annually over the next decade - ESRI medium-term economic outlook

        • Commission for Regulation of Utilities publishes its decision on a new electricity connection policy for data centres; to meet at least 80% of their annual energy demand with additional renewable electricity projects generating in the Republic of Ireland - release

      • Portugal:

        • General strike stalls transport, closes schools in labour reform protest - Reuters

      • Sweden:

        • Sweden's GDP is expected to grow by 1.6% this year vs prior forecast +1.2% and +2.8% next year vs prior +2.7% - Swedish Trade Union Confederation economic report

      • UK:

    • Company news:

      • Notable Gainers

        • +45.2% SPA.LN (1Spatial) -- VertiGIS reaches deal on potential cash offer for 1Spatial at 73p/share

        • +9.4% MIPS.SS (MIPS) -- acquires head and body protection brand, Koroyd, for €40M plus potential earn-outs of €25M

        • +7.2% TRB.LN (Tribal Group) -- expects FY revenue in line with and adjusted EBITDA ahead of market expectations

        • +5.0% MF.FP (Wendel) -- announces returns to shareholders projected to exceed €1.6B by 2030 -- Investor Day

        • +4.7% HBR.LN (Harbour Energy) -- to acquire substantially all subsidiaries of Waldorf Energy Partners Ltd and Waldorf Production Ltd, currently in administration, for $170M

        • +4.5% QBY.GR (q.beyond) -- plans to execute capital reduction, 5:1 reverse stock split as prerequisite for future share buybacks and dividends

        • +4.1% NEL.NO (NEL) -- takes final investment decision to industrialize the next generation pressurized alkaline platform

        • +3.5% HUM.SS (Humana AB) -- acquires Familiehjelpgruppen AS; price undisclosed

        • +3.2% SOP.FP (Sopra Steria) -- appoints Rajesh Krishnamurthy as new CEO

        • +3.1% VID.SM (Vidrala) -- announces an agreement for the acquisition of Cristalerías Toro

        • +1.1% APETIT.FH (Apetit) -- lowers FY25 profit guidance+1.1% INPP.LN (International Public Partnerships) -- portfolio update: performance in line with expectations during 5-month period ended 30-Sep

        • +1.0% APGN.SW (APG|SGA)

          • NZZ agrees to acquire an additional 20% of APG|SGA from JCDecaux and Pargesa Asset Management at CHF220/share

          • % DEC.FP (JCDecaux) -- intends to sell additional part of its stake in APG|SGA to NZZ; deal will generate cash proceeds for JCDecaux of ~CHF71M

        • +1.0% OEM.B.SS (OEM International) -- acquire Multicomponent Norden AB; expected to have a marginally positive impact on OEM's earnings

          • On earnings/updates: DFDS.DC (DFDS), KESKOB.FH (Kesko), AENA.SM (Aena S.M.E.)

      • Notable Decliners

        • -30.4% FSC.GR (4SC) -- capital reduction expected to take effect on or around 16-Dec

        • -27.2% CARD.LN (Card Factory)

          • warns it now expects to deliver FY adjusted PBT between £55-60M vs FactSet £77.4M

          • hold from buy at Panmure Liberum

        • -9.9% SOLG.LN (SolGold) -- JCC has made revised non-binding indicative cash offer for SolGold at 28p/share in cash

        • -9.0% DEBS.LN (boohoo group (Debenhams)) -- holder Fraser Group (FRAS.LN) lowers stake to 27.95% from 28.29% as at 9-Dec - Filing

        • -8.5% ETL.FP (Eutelsat) -- announces the results of its rights issue

        • -8.3% LECN.SW (Leclanché) -- to convert ~CHF40.1M in debt into equity

        • -4.2% ELIOR.FP (Elior Group) -- hold from buy at Deutsche Bank

        • -2.6% GALP.PL (Galp Energia SGPS) -- hold from buy at Jefferies

        • -2.5% SECT.B.SS (Sectra) -- Q2 EPS SEK0.77 vs FactSet SEK0.59 [3 est, SEK0.53-0.66]; shares reversed initial gains

        • -2.2% SMWH.LN (WH Smith) -- will now publish its FY preliminary results on 19-Dec

        • -1.3% CWR.LN (Ceres Power Holdings) -- buy from hold at Panmure Liberum; shares reversed initial gains

          • On earnings/updates: reversing initial gains LOOMIS.SS (Loomis), CPI.LN (Capita)

    • EU companies reporting Monday:

      • Earnings:

        • France: Abivax (ABVX.FP)

        • UK: MHP (MHPC.LN)

      • Trading Update:

        • Nordics: Yara International (YAR.NO)

  • Data:

    • Economics:

      • Nov final CPI

        • Germany +2.3% y/y vs preliminary +2.3%

        • France +0.9% y/y vs preliminary +0.9%

        • Spain +3.0% y/y vs preliminary +3.0%

        • Portugal +2.2% y/y vs preliminary +2.2%

      • UK Oct

        • Visible trade balance (£22.54B) vs consensus (£19.3B), prior (£18.88B)

          • Trade balance (£4.82B) vs consensus (£1.9B), prior (£1.09B)

        • Industrial production (0.8%) y/y vs consensus (1.2%), prior (2.5%)

        • Manufacturing production (0.8%) y/y vs consensus (0.1%), prior (2.2%)

        • Construction output +0.9% vs consensus +1.6%, prior +1.3%

      • Sweden Nov unemployment rate 8.2% vs consensus 9.1%, prior 8.9%

    • Markets:

      • WTI Crude (Jan 26): ($0.17) or (0.30%) to $57.43

      • €-$ (0.0009) or (0.08%) to 1.1731

      • £-$ (0.0041) or (0.31%) to 1.3346

      • €-£ +0.0018 to 0.8788

      • S&P 500 (1.29%)

      • Performance year-to-date:

        • FTSE 100: +18.06%

        • DAX: +21.48%

        • CAC: +9.32%

        • MIB: +27.29%

        • Stoxx 600: +13.91%

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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