Dec 30 ,2026
Synopsis
European equity markets were firmer today. Follows slightly firmer levels on Monday. Basic resources, banks, tech and energy the best performers, while food/beverage, healthcare, media and chemicals the main laggards. S&P futures little changed in Tuesday. Comes after US equities pulled back on Monday but finished off worst levels. Treasuries unchanged to a touch weaker. Bund holding at 2.84%. Gilts steady-to-weaker. Dollar index little changed. Gold up 1.5% after losing more than 4% on Monday. Silver up 7% after losing ~9%. Bitcoin futures up 0.9%. WTI crude up 0.4%. Bitcoin lower.
No change in market narrative with activity light into year-end. Path of least resistance remains higher with Stoxx 600 hitting new record high. Positive seasonality has been supportive into holiday period. While AI worries remain into the new year, there has been better sentiment in the last few weeks. In addition, the regional macro picture remains encouraging with Eurozone economy showing underlying resilience and hopes for a German economic recovery in 2026.
Commodities stabilizing following volatile Monday session that culminated in steep losses in metals space. Silver staging sharp rebound after recording biggest drop since 2021 while gold managing comparatively milder gain. Platinum also lifting after experiencing 14% drop Monday. Preceding massive run-up in metals considered partly a function of thin volumes and speculative activity. Signs regulators moving to rein in excess after CME moved to raise margin requirements for gold, silver and other metals.
On the macro data front, Spanish inflation update the first of the euro area national readings ahead of Eurozone measure next Wednesday. Headline CPI eased to 3% y/y versus prior 3.2%. Barclaycard data showed UK card spending declined this year, as households budgeted carefully on essentials, though some non-essential categories like beauty, travel and entertainment performed well. Lloyds survey showed a third of UK businesses plan to invest in AI in 2026. Meanwhile, Lloyds data also highlighted mixed UK housing market performance, with London and Southeast lagging northern regions.
Data:
WTI Crude (Feb 26): +$0.18 or +0.31% to $58.26
€-$ (0.0010) or (0.08%) to 1.1764
£-$ (0.0040) or (0.30%) to 1.3474
€-£ +0.0014 to 0.8728
S&P 500 +0.09%
Performance year-to-date:
FTSE 100: +21.72%
DAX: +23.01%
CAC: +10.87%
MIB: +31.63%
Stoxx 600: +16.88%
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:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE