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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +0.24% to 9889.22, DAX +0.23% to 24340.06, CAC40 (0.21%) to 8103.85, STOXX 600 +0.34% to 588.73

Dec 23 ,2025

  • Synopsis:

    • European equity markets ended mostly higher. France softer. Follows mild losses on Monday with activity slowing in a holiday shortened week. Gauge of Eurozone equity volatility at its lowest in a year. Healthcare, basic resources and utilities best performers, while travel/leisure, autos, media and food/beverage the main laggards.

    • European investors focusing on underlying resilience in macro backdrop, improved earnings outlook and extended pause in leading European central bank rate cut cycles. ECB Executive board member Schnabel offered clarification on her recent endorsement of market rate hike pricing. Said does not expect hikes in foreseeable future. Fits in with recent sell-side economist surveys pointing to likelihood of unchanged policy until late 2027.

    • Little on the macro data calendar. EU new car registrations saw fifth month of gains. Spanish final Q3 GDP in line with prelim while Nov PPI weaker at (2.5%) y/y vs consensus +0.9%. UK Lloyds business barometer ends year on a higher note. Latest BCC survey showed UK-EU trade deal has failed to help businesses expand.

    • Very limited corporate news flow. Pets At Home Group Plc (PETS.LN) appoints James Bailey as new CEO, effective 30-Mar-26. AB Science (AB.FP) shares higher following granting of US patent for use of masitinib for treatment of sickle cell disease, expiring in Nov-40. Further in healthcare, IRLAB Therapeutics (IRLAB.A.SS) shares also up after group received regulatory and ethical approvals for Phase Ib study of IRL757 in Parkinson's Disease.

    • In M&A headlines, in an interview, Nestle (NESN.SW) CEO comments L'Oreal (OR.FP) stake is a financial investment; evaluates it regularly with the board. Hafnia (HAFNI.NO) completes acquisition of 13.97% of TORM (TRMD.A.DC) from Oaktree. Arkema (AKE.FP) announces a proposed divestment of part of the Coating Solutions segment. Further in France, Elis (ELIS.FP) announces acquisition of Adrett in Germany.

    • Looking ahead to tomorrow's EU econ-calendar, the only notable release is the Netherlands Q3 final GDP. Of note, Austria, Cyprus, Czech Republic, Denmark, Finland, Germany, Hungary, Iceland, Italy, Poland, Sweden, Switzerland will be fully closed while Belgium, France, Ireland, Netherlands, Portugal, Spain, UK will see a early close.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Health Care +1.40%, Basic Resources +1.10%, Utilities +0.81%, Telecom +0.50%, Banks +0.45%,

      • Underperformers:

        • Travel & Leisure (0.45%), Autos & Parts (0.42%), Media (0.37%), Food & Beverage (0.37%), Persnl & HHold Goods (0.15%), Chemicals (0.07%), Construct & Mtls (0.02%), Technology (0.00%), Retail +0.02%, Real Estate +0.06%, Ind Goods & Svcs +0.08%, Oil & Gas +0.13%, Insurance +0.31%, Financial Svcs +0.33%

    • Macro:

      • EU:

        • New package of measures to boost circular economy and strengthen Europe's plastic recycling -- EC

        • Why Europe's Farmers Are Paying the Price for EU Fertilizer Policy -- The European Conservatives

        • EU broadens industry compensation for emissions regulation costs -- Reuters

      • UK:

        • Inheritance tax reliefs threshold to rise to £2.5M for farmers and businesses -- Gov.UK

        • UK police leaders to call for 'non-crime hate incidents' to be scrapped -- Guardian

        • Lloyds Bank Business Barometer -- Lloydsbank

      • Germany:

        • German auto industry significantly affected by US tariffs - study -- GMK Center

        • German residential property prices up for fourth straight quarter -- Reuters

      • France:

        • France to approve budget rollover to avoid US-style shutdown -- FT

      • Italy:

        • Italy's government wins upper house confidence vote on 2026 budget -- Reuters

      • Ireland:

        • Govt expenditure increases 'extraordinary', says IFAC -- RTE

    • Company news:

      • Notable Gainers

        • +30.5% IDEX.NO (IDEX Biometrics NOK6.35, +1.49) -- order

        • +11.7% GMS.LN (Gulf Marine Services £0.18, +0.02) -- contract award

        • +9.9% BRE2.SS (Bredband2 i Skandinavien SEK3.22, +0.29) -- Telia Company obtains all necessary approvals from authorities for recommended cash offer for Bredband2 i Skandinavien

        • +9.2% NOVO.B.DC (Novo Nordisk DKK331.65, +28.05) -- Wegovy pill approved in the US as first oral GLP-1 for weight management

        • +7.9% SYNACT.SS (SynAct Pharma SEK23.70, +1.75) -- lock-up agreement

        • +6.8% TRMED.NO (Thor Medical NOK5.13, +0.33) -- reaches key construction milestones at AlphaOne plant

        • +4.6% IRLAB.A.SS (IRLAB Therapeutics SEK1.96, +0.09) -- receives regulatory and ethical approvals for Phase Ib study of IRL757 in Parkinson's Disease

        • +4.3% CORE.A.SS (Corem Property Group SEK4.43, +0.18) -- buyback

        • +3.4% SEPL.LN (SEPLAT Energy £2.62, +0.09) -- conversion to Petroleum Industry Act

        • +3.2% SAAB.B.SS (Saab SEK526.50, +16.20) -- orders

        • +2.7% PULS.LN (Pulsar Group £0.39, +0.01) -- contract win

        • +2.5% AERO.SW (Montana Aerospace CHF27.05, +0.65) -- completes debt-to-equity conversion

        • +2.2% AB.FP (AB Science €1.30, +0.03) -- US patent

        • +1.8% TTALO.FH (Terveystalo €9.60, +0.17) -- acquisition

        • +1.8% KAP.LN (Kazatomprom £51.50, +0.90) -- ?

      • Notable Decliners

        • -56.6% VID.LN (Videndum £0.15, -0.18) -- update on ongoing negotiations with revolving credit facility lenders and two largest shareholders

        • -11.0% MTC.LN (Mothercare £0.02, -0.00) -- earnings

        • -5.9% KDEV.SS (Karolinska Development SEK0.44, -0.03) -- ? Penny stock

        • -3.9% 8KW.GR (Jadestone Energy Plc €0.25, -0.01) -- ? Penny stock

        • -2.4% SALT.B.SS (SaltX Technology Holding SEK3.98, -0.09) -- rights issue update

        • -2.1% EGLA.IM (EuroGroup Laminations €3.20, -0.07) -- approves the 2026-30 sustainability plan

    • EU companies reporting tomorrow:

      • No major earnings/updates

  • Data:

    • Economics:

      • Spain

        • Q3 GDP y/y +2.8% vs consensus +2.8% and prior revised to +2.9% from +2.9%

        • Nov PPI y/y (2.5%) vs consensus +0.9% and prior revised to +0.8% from +0.7%

      • Switzerland Dec ZEW Expectations 6.2 vs consensus 10.0 and prior 12.2

      • Sweden Nov PPI (1.4%) y/y vs consensus (1.7%) and prior +0.4%

      • Finland Nov Unemployment Rate 9.7% vs consensus 9.6% and prior 9.6%

    • Markets:

      • WTI Crude (26-Feb): +$0.09 or +0.16% to $58.10

      • €-$ +0.0014 or +0.12% to 1.1777

      • £-$ +0.0020 or +0.15% to 1.3482

      • €-£ (0.0001) to 0.8736

      • S&P 500 +0.26%

      • Performance year-to-date:

        • FTSE 100: +21.00%

        • DAX: +22.26%

        • CAC: +9.80%

        • MIB: +30.48%

        • Stoxx 600: +15.98%

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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