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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 (0.19%) to 9870.68, DAX closed, CAC40 +0.00% to 8103.58, STOXX 600 (0.02%) to 588.59

Dec 24 ,2025

  • Synopsis:

    • European equity markets finish slightly lower Wednesday, though Stoxx 600 seeing slight gains on the week. Note markets in Austria, Cyprus, Czech Republic, Denmark, Finland, Germany, Hungary, Iceland, Italy, Poland, Sweden, Switzerland were closed today. US equity futures little changed. Media, food/beverage, personal/household goods and real estate the best performers amid the broader risk-off tone. Technology, healthcare, banks and industrial goods/services the main laggards. Treasuries little changed to a touch firmer after Tuesday's bear flattening move. Dollar index down 0.1%, near lowest level since early October. Gold up 0.4%, extending yesterday's record high close, above $4500/oz. Bitcoin futures down 0.7%. WTI crude up 0.3%, up over 3.5% for the week amid latest Venezuela updates.

    • Limited fresh drivers for regional equity markets. With several European markets closed or with early finishes into the Xmas holiday, activity very light. Some attention on M&A headlines in the absence of other drivers. Underlying sentiment remains supportive, though upside momentum lacking this week. In France, lawmakers passed an emergency bill to keep the government running until 2026 until it can agree a budget. PM Lecornue was forced into submitting legislation late on Monday after lawmakers from both houses failed to reach a compromise on the state budget. Budget Minister de Montchalin said it is a bare-minimum service that responds neither to emergencies nor the needs of the French people. No major macro data in Europe. Netherlands reported final Q3 GDP growth at 1.8% y/y vs preliminary 1.6%.

    • No signs of movement yet on Russia-Ukraine ceasefire. Ukraine unveiled 20-point proposal under discussion with US, though territorial compromise the sticking point. On the ground, reports that Ukrainian troops have withdrawn from key town Siversk in east of the country. The BBC highlights that it brings Russia closer to last remaining "fortress belt" cities of Sloviansk and Kramatorsk still in Ukrainian hands in the industrial Donetsk region. Elsewhere, China and Russia expressed support for Venezuela as Trump increases pressure on Maduro to give up power.

    • M&A news dominates the headlines in a holiday thin market. BP (BP.LN) confirmed early speculation and sold its 65% stake in Castrol to Stonepeak at enterprise value of $10.1B; upon completion of transaction a new joint venture will be incorporated comprising 65% Stonepeak and 35% BP ownership. In another deal, Sanofi (SAN.FP) will acquire Dynavax (DVAX) for $15.50/sh in cash, reflecting a total equity value of ~$2.2B. Secure Trust Bank PLC (STB.LN) announced agreement to sell its Consumer Vehicle Finance business, which comprises Consumer Vehicle Finance loans and certain associated assets, to funds managed by LCM Partners for £458.6M.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Media +0.29%, Food & Beverage +0.22%, Persnl & HHold Goods +0.21%, Financial Svcs +0.13%, Real Estate +0.13%, Chemicals +0.10%, Telecom +0.08%, Basic Resources +0.07%, Autos & Parts +0.04%, Insurance +0.03%, Utilities +0.02%

      • Underperformers:

        • Technology (0.25%), Health Care (0.09%), Banks (0.08%), Ind Goods & Svcs (0.07%), Oil & Gas (0.06%), Retail (0.06%), Travel & Leisure (0.04%), Construct & Mtls (0.02%)

    • Macro:

      • Geopolitics:

        • Ukraine unveils 20-point peace proposal under discussion with US - Independent/Reuters

        • Putin has been briefed on US propesal for Ukraine peace plan, says Kremlin (Reuters )

        • France urges EU action after China imposes unilateral duties on European dairy products (Bloomberg)

        • EU, France, Germany slam US visa bans as 'censorship' row deepens (Reuters )

      • UK:

        • UK PM Starmer is preparing to tie the UK to the EU's net zero plans to rejoin the bloc's internal electricity market (Telegraph)

      • France:

        • French National Assembly approves 2026 stopgap budget to keep government funded into January (Bloomberg)

    • Company news:

      • Gainers

        • +4.5% BKS.LN (Beeks Financial Cloud Group £0.00, +0.10) -- CEO sold 200K shares on 23-Dec

        • +2.5% ALATA.FP (Atari, Inc. €0.12, -0.00) -- H1 net income (€6.4M) vs year-ago (€8.3M

        • +1.9% STB.LN (Secure Trust Bank £0.00, +0.20) -- sells Consumer Vehicle Finance Business for £458.6M

        • +1.3% SDG.FP (Synergie €30.90, +0.40) -- acquires majority stake in House of Flexwork Group

        • +0.3% SAVE.FP (Savencia €59.00, +0.20) -- agrees to acquire Quatá Alimentos in Brazil; terms undisclosed

        • +0.2% FVA.LN (Fevara £1.32, -0.00) -- completes acquisition of Domino Industria E Comercio LTDA

      • Decliners

        • -0.7% SAN.FP (Sanofi €81.82, -0.61)

          • to acquire Dynavax (DVAX) for $15.50/sh in cash, reflecting a total equity value of ~$2.2B

          • provides update on tolebrutinib regulatory submission in non-relapsing secondary progressive multiple sclerosis

          • FDA approves sBLA for Cablivi

        • -0.4% BP.LN (BP £4.26, -0.02) -- confirms the sale of 65% in Castrol to Stonepeak at an enterprise value of $10.1B

    • EU companies reporting Monday 29-Dec:

      • No major earnings/updates

  • Data:

    • Economics:

      • Netherlands Q3 GDP +1.8% y/y vs prelim +1.6%; +0.5% q/q vs prelim +0.4%

    • Markets:

      • WTI Crude (Feb 26): +$0.10 or +0.17% to $58.48

      • €-$ (0.0007) or (0.06%) to 1.1788

      • £-$ (0.0015) or (0.11%) to 1.3503

      • €-£ +0.0004 to 0.8730

      • S&P 500 +0.00%

      • Performance year-to-date

        • FTSE 100: +20.77%

        • DAX: +22.26%

        • CAC: +9.79%

        • MIB: +30.48%

        • Stoxx 600: +15.95%

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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