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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +0.20% to 9951.14, DAX +0.20% to 24539.34, CAC40 +0.56% to 8195.21, STOXX 600 +0.67% to 596.14

Jan 02 ,2026

  • Synopsis:

    • European equity markets closed higher, with STOXX 600, FTSE 100, Spain's IBEX and Italy's MIB all touching record highs. Pan-European indices opened higher and subsequently extended advances, reaching the best levels of the session around 90 minutes after the open, becoming range-bound below those levels for the remainder of the day

    • Greece +1.8%, Netherlands +1.7% aided by semiconductor names and Spain +1.1% led outperformers. Austria, Ireland both +0.4% join the DAX and FTSE100 in leading underperformers

    • Markets in Switzerland were closed for a public holiday (Berchtold's Day)

    • Turkish President Erdogan says he will hold a phone call with US President Trump on Monday to discuss peace efforts between Ukraine and Russia, as well as issues surrounding Gaza

    • Ukraine's President Zelenskyy has offered the position of presidential chief of staff to military intelligence chief Kyrylo Budanov.

    • Dec manufacturing PMIs topped the macro releases, with Eurozone at nine-month low in Dec, the report edging down vs flash number, whilst the UK number was revised down vs flash release but was still the highest in 15-months. The Nationwide UK house price index weakened at the end of 2025.

    • Dec new passenger car registration saw France (10.1%) y/y (comparable working days) and Spain (2.2%) y/y. For 2025, France (5.0%) y/y and Spain +12.9% y/y. Data for Italy will be released later this evening.

    • Amongst the smaller M&A announcements, with muted share price action, were Gjensidige Forsikring (GJF.NO) completes the sale of it's Baltic operations, Samhällsbyggnadsbolaget i Norden (SBB.B.SS) acquires a further 5.8% of Arlandastad Group (AGROUP.SS) from Gelba Management, raising stake to 20.0%, Klöckner & Co (KCO.GR) closes sale of eight distribution sites in the United States, Italian Wine Brands (IWB.IM) finalises sale of Valle Talloria site to Gruppo Caffo 1915 for €9.5M, BATM Advanced Communications (BVC.LN) completes sale of its diagnostics distributor AMS and Olvi (OLVAS.FH) completes the acquisition of Brewery International.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Autos & Parts +2.14%, Technology +2.02%, Utilities +1.70%, Oil & Gas +1.45%, Banks +1.44%, Ind Goods & Svcs +1.35%

      • Underperformers:

        • Media (1.21%), Real Estate(0.75%), Financial Svcs (0.49%), Insurance (0.48%), Food & Beverage (0.30%), Persnl & HHold Goods (0.30%), Health Care (0.20%), Travel & Leisure (0.01%), Telecom +0.02%, Retail +0.05%, Chemicals +0.13%, Construct & Mtls +0.29%, Basic Resources +0.58%

    • Macro/Peripheral markets:

      • Denmark's PM signals several political changes including plans to lower the VAT on food, as country holds election in 2026, in New Year's speech - release

      • UK PM's New Year's Message - release

      • French President Macron attempts to regain some momentum and launch the final projects of his second five-year term in his New Year address - France24 , Le Monde

      • UK government should end rail outsourcing 'racket', says union - Guardian

      • The companies driving hopes of a London IPO revival in 2026 - FT

      • PwC IPO Watch EMEA 2025 - release

      • Fragile Germany economic recovery expected by The Handelsblatt Research Institute (HRI); sees moderate growth for the next two years with only a limited impact from government spending - release

    • Company news:

      • Notable Gainers

        • +8.0% FDEV.LN (Frontier Developments) -- confirms appointment of Jo Cooke as CEO as of 1-Jan

        • +7.8% BRNK.GR (Branicks Group) -- announces agreement on compensation offer for the remaining shares of VIB Vermögen

        • +5.9% JLP.LN (Jubilee Metals Group) -- completes sale of South African Chrome and PGM operations

        • +4.3% IPR.PL (Impresa) -- confirms the fulfilment of a condition related to credit institutions in connection with the investment agreement with MFE-MEDIAFOREUROPE

          • -1.4% MFEB.IM (MFE-MEDIAFOREUROPE)

        • +2.7% SBO.NO (Selvaag Bolig) -- sold 115 homes in Q4 worth NOK774M vs year-ago 160 homes worth NOK1.12B

        • +2.7% LUS1.GR (Lang & Schwarz) -- prelim Q4 result from trading activities €48M vs year-ago €39M

        • +2.1% EOAN.GR (E.ON) -- calls for end to government subsidies for solar power in Germany - Rheinische Post

        • +1.5% UPM.FH (UPM-Kymmene) -- finalizes strategic partnership with Versowood

        • +1.2% FLS.DC (FLSmidth & Co.) -- closes the sale of its Air Pollution Control business to Rubicon Partners

        • +1.2% SPI.LN (Spire Healthcare Group) -- asks suitors to indicate interest by 20-Jan - Sky News

        • +1.2% ML.FP (Michelin) -- acquires Cooley Group and Tex Tech Industries for an undisclosed sum

      • Notable Decliners

        • -25.0% EMGS.NO (Electromagnetic Geoservices) -- issues update on going concern & capital structure

        • -8.3% SSH1V.FH (SSH Communications Security) -- lowers its outlook for net sales due to reduced license sales during Q4 and a weaker US dollar

        • -4.5% ANOD.B.SS (Addnode Group) -- Technia acquires encad consulting's Dassault Systèmes customer agreements

        • -4.0% VIVE.SS (Vivesto) -- publishes information document regarding the previously announced ~SEK53.8M rights issue

        • -3.7% BITTI.FH (Bittium) -- reduce from accumulate at OP Corporate Bank

        • -1.6% LIAB.SS (Lindab International) -- completes the divestment of profile operations in Hungary

    • EU companies reporting Monday:

      • No major releases scheduled

  • Data:

    • Economics:

      • Dec manufacturing PMI

        • Ireland 52.2 vs consensus 53.2, prior 52.8

        • Netherlands 51.1 vs consensus 52.5, prior 51.8

        • Sweden 55.3 vs consensus 55.0, prior revised 54.7 from 54.6

        • Spain 49.6 vs consensus 51.2, prior 51.5

        • Italy 47.9 vs consensus 50.0, prior 50.6

        • France 50.7 vs preliminary 50.6

        • Germany 47.0 vs preliminary 47.7

        • Eurozone 48.8 vs preliminary 49.2

        • Greece 52.9 vs consensus 52.9, prior 52.7

        • UK 50.6 vs preliminary 51.2

      • Eurozone Nov M3 money supply +3.0% y/y vs consensus +2.7%, prior +2.8%

      • Greece Nov unemployment rate 8.2% vs consensus 8.8%, prior 8.6%

      • UK Dec house price index +0.6% y/y vs consensus +1.2%, prior +1.8%; reaffirms expects annual house price growth to be broadly in the +2-4% range in 2026 that was in previous House Price Review and Outlook for 2026 - Nationwide press release

    • Markets:

      • WTI Crude (Feb 26): ($0.74) or (1.29%) to $56.68

      • €-$ (0.0007) or (0.06%) to 1.1740

      • £-$ +0.0011 or +0.08% to 1.3485

      • €-£ (0.0014) to 0.8718

      • S&P 500 (0.00%)

      • Performance year-to-date:

        • FTSE 100: +0.20%

        • DAX: +0.20%

        • CAC: +0.56%

        • MIB: +0.96%

        • Stoxx 600: +0.67%

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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