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Depositary Receipt business and services are conducted through The Bank of New York Mellon.

Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE (0.04%), CAC40 (0.07%)

Dec 24 ,2025

  • Synopsis

    • European equity market futures point to a lower open. Asia equities trading mixed on Christmas Eve with most indices now closed ahead of a holiday tomorrow. US futures slightly lower. US dollar flat after recovering from early losses, yen strengthening further, won stronger on BOK/government intervention warning. Treasuries and JGBs quiet. Crude oil higher, gold, silver, platinum and palladium all surging again to record highs. Base metals mixed. Cryptocurrencies under some pressure.

    • There are no earnings releases scheduled for today; in macro, Netherlands reported final Q3 GDP at +1.8% y/y vs preliminary +1.6%. In global macro developments, October BOJ meeting minutes indicated many members saw US tariff impacts smaller than initially expected though needed little more time for further confirmation of economic and price outlook being realized. In other developments, US said China's targeting of semiconductor industry is unreasonable and burdens US commerce, though delayed additional tariffs on imports of legacy China chips until at least mid-2027. US and Japan agreed to accelerate preparations for first project under $550B investment commitment.

    • Note markets in Austria, Cyprus, Czech Republic, Denmark, Finland, Germany, Hungary, Iceland, Italy, Poland, Sweden, Switzerland are closed today; markets in Belgium, France, Ireland, Netherlands, Portugal, Spain, UK close early.

  • Politics/Macro/World News

    • French lawmakers pass emergency rollover budget law - Reuters

    • EU spent less on US energy after $750bn Trump trade deal -- FT

    • Netherlands Q3 GDP +1.8% y/y vs preliminary +1.6%

    • US denies visas to ex-EU commissioner and others over social media rules -- BBC

    • Why Starmer finally folded on farmers' IHT - The Telegraph

  • Top company news

    • Earnings/updates

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

    • M&A

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

      • BP.LN (BP) -- nears deal to sell Castrol's 65% stake to Stonepeak at $10B valuation including debt - Reuters

      • CVX (Chevron) -- Eneos in front in competition for Chevron's half of Singapore refinery - Bloomberg

      • TPEIR.GA (Piraeus Bank) -- completes transfer of control over real estate portfolio

      • BYW6.GR (BayWa) -- to sell Cefetra Group for ~€125M

      • SAVE.FP (Savencia) -- agrees to acquire Quatá Alimentos in Brazil; terms undisclosed

      • ARION.IR (Arion Banki) -- requests authorization for buy back of up to ISK 5.0B

      • SDG.FP (Synergie) -- acquires majority stake in House of Flexwork Group

      • Second round of bidding for Evelyn Partners coming - Sky News

    • Healthcare

      • SAN.FP (Sanofi) -- provides update on tolebrutinib regulatory submission in non-relapsing secondary progressive multiple sclerosis

      • EMBLA.DC (Embla Medical hf) -- to initiate a new share buyback program on 5-Jan-26

      • OSE.FP (OSE Immunotherapeutics) -- FDA grants orphan drug designation to VEL-101 for prevention of organ rejection in liver transplant

    • Other

      • BBVA.SM (Banco Bilbao Vizcaya Argentaria) -- cancels 54.3M own shares

      • PRU.LN (Prudential) -- completes $500M buyback tranche; repurchased 36.9M shares

      • ELIS.FP (Elis) -- to cancel 4.7M treasury shares representing 1.98% of the share capital

      • TRMD.A.DC (TORM Plc) -- SEC filing: SCHEDULE 13D/A (Filed by Oaktree Capital Group Holdings GP, LLC)

      • ECMPA.NA (Eurocommercial Properties) -- secures a series of new long-term financing arrangements for its shopping centres I Gigli and Carosello and C4

      • GRANGX.SS (Grangex) -- secures strategic commercial partnership with Anglo American (AAL.LN)

  • Key rating changes

  • Data

    • Nikkei (0.14%) to 50344.10

    • Hang Seng +0.17% to 25818.93

    • Shanghai Composite +0.46% to 3938.02

    • S&P futures (6.8) vs prior close of 6961.0

    • €-$ +0.0007 or +0.06% to 1.1803

    • $-¥ (0.52) or (0.33%) to 155.71

    • €-¥ (0.52) or (0.28%) to 183.75

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".

DEPOSITARY RECEIPTS:
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