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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +1.18% to 10122.73, DAX +0.09% to 24892.20, CAC40 +0.32% to 8237.43, STOXX 600 +0.58% to 605.28

Jan 06 ,2026

  • Synopsis:

    • European equity markets closed higher, following Monday's positive close. Healthcare and Basic Resources the top performers, while Financial Services and Banks the big laggards.

    • Market looking through recent geopolitical developments. Strength in cyclicals, tech gains and resource stocks supporting regional equity markets. Defense stocks benefiting from geopolitics and ongoing push across Europe to ramp up defense spending. In general, sentiment positive, with leading benchmarks extending to new record highs on Monday. Sell-side remains optimistic on outlook amid stable macro picture, better earnings expectations. AI in the headlines today with NVDA Vera Rubin (full production, meaningful performance uplift) and H200 (strong China demand) disclosures, along with physical AI emphasis. Semi space also in focus outside of AI as MCHP raised guidance again. AI power theme also getting some attention with VST M&A.

    • Press discussions canvassed China's economic exposure to Venezuela (notably crude oil access) though complications not seen reaching levels that might provoke direct confrontation with US. China NFRA asked major lenders to report lending exposure to Venezuela and to step up risk monitoring. South Korea President Lee's meeting with China's Xi yielded notable windfalls amid speculation Beijing aims to woo Seoul support amid tensions with Japan. Trump indicated he could impose higher tariffs on India amid dissatisfaction with curbs on Russian oil purchases.

    • On macro data front, final composite and services PMIs in Eurozone confirmed growth in euro area at three-month low in December. UK PMI also weaker. French inflation eases in December ahead of ahead of tomorrow's Eurozone reading. BRC update showed UK shop price inflation at 0.7% in December versus prior 0.6%. Survey by Deloitte found UK CFOs more confidence artificial intelligence will boost their firms. Update from SMMT showed new car sales topped 2M in 2025 for the first time since pandemic. Meanwhile, FT poll shows economist favor Spain's de Cos or Netherland's Knot as next ECB president. Elsewhere, European leaders express worries over Trump's desire to take over Greenland.

    • Light in earnings updates; Next PLC (NXT.LN) issued 9 weeks trading statement with full price sales +10.6% y/y and raised FY26 PBT guidance by £15M to £1.15B. Nexans (NEX.FP) updated on Great Sea Interconnector (GSI) project; Aperam (APAM.NA) issued its trading update. Trigano (TRI.FP) reported weaker-than-expected Q1 sales and Bakkafrost (BAKKA.NO) released Q4 numbers. In other corporate developments, Prudential PLC (PRU.LN) launched $1.2B share buyback programme while Rank Group PLC (RNK.LN) announced CEO John O'Reilly was to retire and current CFO Richard Harris will be appointed interim CEO with effect from 30-Jan-26.

    • In M&A, InPost (INPST.NA) received an indicative acquisition proposal from an undisclosed party. Holcim (HOLN.SW) acquired French manufacturer of precast concrete Alkern; terms undisclosed. Anheuser-Busch InBev SA/NV (ABI.BB) announced that it has exercised its right to reacquire the 49.9% minority stake in AB InBev's US-based metal container plants from a consortium of institutional investors led and/or advised by affiliates of Apollo Global Management, Inc. (APO), for a price estimated to be ~$3B.

    • Looking ahead to tomorrow's calendar (see - Europe Week Ahead: 05-Jan to 09-Jan attached) Norwegian Air Shuttle (NAS.NO), Avanza Bank Holding (AZA.SS), Topps Tiles (TPT.LN), GRENKE (GLJ.GR), flatexDEGIRO (FTK.GR), Jungfraubahn Holding (JFN.SW), luxee (PLX.FP), Hoffmann Green Cement Technologies (ALHGR.FP), and Ambu (AMBU.B.DC) virtual pre close meeting at 14:00CET hosted by DNB Carnegie will be amongst other names to update investors, whilst the macro-calendar releases will include Germany Dec unemployment rate, construction PMI, Nov retail sales, France Dec consumer confidence, Italy Dec preliminary CPI, Eurozone Dec flash CPI, Sweden Dec services PMI, Ireland Dec unemployment rate, Netherlands Dec preliminary CPI, Finland Dec preliminary HICP, Austria Dec preliminary CPI, Nov PPI, UK Dec construction PMI, Portugal Nov unemployment rate.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Health Care +2.97%, Basic Resources +2.14%, Utilities +1.19%, Personal Care Drug and Grocery Stores +1.19%, Chemicals +0.83%, Retail +0.79%, Travel & Leisure +0.77%,

      • Underperformers:

        • Financial Svcs (0.42%), Banks (0.38%), Construct & Mtls (0.27%), Insurance (0.18%), Energy(0.05%), Food, Beverage and Tobacco +0.06%, Real Estate +0.19%, Autos & Parts +0.22%, Telecom +0.29%, Media +0.43%, Technology +0.54%, Ind Goods & Svcs +0.55%,

    • Macro/Peripheral markets:

      • Geopolitics

        • Russian Oil Flows and Prices Plunge to Hammer Putin's War Chest - Bloomberg

        • Ukraine Struggles to be Heard as Greenland Fears Intensify - Bloomberg

        • Maduro opponent Machado vows to return to Venezuela, wants an election - Reuters

        • G7 finance ministers to meet in Washington to discuss rare earths, three sources say - Reuters

      • EU

        • EU summons farm ministers to secure Mercosur deal support - Reuters

        • Economists favour either Hernández de Cos or Knot as next ECB president - FT

        • France, Belgium and Austria Face 50% Chance of Rating Downgrades, JPMorgan Says - Bloomberg

      • UK

        • Starmer tells cabinet to ignore polls as YouGov puts Labour behind Reform UK and Tories - The Guardian

      • Germany

        • German state's ruling coalition collapses over infighting within populist left party - Politico

        • Price pressure in Germany decreases significantly - Handelsblatt

      • Norway

        • Norway Home Prices End 2025 With a Whimper, Defying Central Bank - Bloomberg

    • Company news:

      • Trading Higher:

        • +11.6% OCDO.LN (Ocado Group £2.51, +0.27) -- BRC

        • +11.1% VLA.FP (Valneva €3.88, +0.42)

        • +10.9% DOCM.SW (DocMorris CHF6.15, +0.65)

        • +7.8% ASM.NA (ASM International €600.60, +44.80) -- sector move

        • +6.5% WDI.GR (Wirecard €0.01, -0.00) -- sector move

        • +6.3% SAGA.LN (Saga Plc £3.90, +0.24) -- kelso announces new holding in company

        • +5.6% STMPA.FP (STMicroelectronics €24.28, +1.33) -- sector move

        • +5.3% GMAB.DC (Genmab DKK2,045.00, +106.00) -- IQWiG sees no evidence of additional benefit of linvoseltamab overall

        • +5.0% SCHP.FP (Seche Environnement €72.40, +3.60) -- announces two acquisitions in Chile and Italy

        • +5.0% NOVO.B.DC (Novo Nordisk DKK363.30, +17.30) -- Wegovy pill available across US

        • +5.0% IFX.GR (Infineon Technologies €40.86, +2.01) -- sector move

        • +4.5% NXT.LN (Next £140.30, +6.05) -- 9 weeks trading statement

        • +4.4% ISS.DC (ISS A/S DKK227.80, +9.80) -- Morgan Stanley upgrade

        • +4.2% OXB.LN (OXB £6.91, +0.28)

        • +3.8% RTO.LN (Rentokil Initial £4.54, +0.17) -- Morgan Stanley upgrade

        • +3.1% TOM2.NA (TomTom €6.13, +0.18) -- company and Uber renew partnership

        • +2.7% 8TRA.GR (TRATON €31.64, +0.84)

        • +2.7% AKRBP.NO (Aker BP NOK260.50, +6.80) -- sector move

        • +2.5% MCB.LN (McBride £1.45, +0.04)

        • +2.5% KAP.LN (Kazatomprom £62.20, +1.50)

        • +2.0% PAG.LN (Paragon Banking Group £8.87, +0.17) -- Jefferies upgrade

        • +1.8% GLPG.NA (Galapagos €27.78, +0.50) -- board makes decision to initiate wind-down of Cell Therapy activities

        • +1.7% ORA.FP (Orange €14.49, +0.24) -- Citi upgrade

      • Trading Lower:

        • -5.0% JD.LN (JD Sports Fashion £0.82, -0.04) -- BofA downgrade

        • -4.9% AGY.LN (Allergy Therapeutics £0.11, -0.01)

        • -4.2% IMM.LN (ImmuPharma £0.08, -0.00)

        • -4.2% ADS.GR (Adidas €158.65, -7.20) -- BofA downgrade

        • -4.1% APAM.NA (Aperam €34.94, -1.48) -- reaffirms Q4 of 2025 outlook

        • -4.0% NEX.FP (Nexans €130.10, -5.30) -- updates on Great Sea Interconnector (GSI) project

        • -3.8% ALO.FP (Alstom €26.37, -1.02)

        • -3.7% AEIN.GR (Allgeier €20.90, -0.80) -- Berenberg downgrade

        • -3.5% BUCN.SW (Bucher Industries CHF352.50, -13.00) -- UBS downgrade

        • -1.7% TRI.FP (Trigano €172.10, -3.00) -- Q1 revenue

    • EU companies reporting tomorrow:

      • Trading Update:

        • DACHs: GRENKE (GLJ.GR), flatexDEGIRO (FTK.GR), Jungfraubahn Holding (JFN.SW)

        • France: Pluxee (PLX.FP), Hoffmann Green Cement Technologies (ALHGR.FP)

        • UK: Topps Tiles (TPT.LN)

      • Sales: Avanza Bank Holding (AZA.SS)

      • Traffic: Norwegian Air Shuttle (NAS.NO)

      • CMD/Events: Ambu (AMBU.B.DC) virtual pre close meeting at 14:00CET hosted by DNB Carnegie

  • Data:

    • Economics:

      • Dec Preliminary CPI

        • France +0.8% y/y vs consensus +0.9% and prior +0.9%

        • Germany +1.8% y/y vs consensus +2.0% and prior +2.3%

      • Ireland Dec Preliminary HICP +2.7% y/y vs consensus +2.9% and prior +3.1%

      • Dec Services PMI

        • Spain 57.1 vs consensus 54.8 and prior 55.6

        • Germany 52.7 vs preliminary 52.6

        • Italy 51.5 vs consensus 54.2 and prior 55.0

        • Eurozone 52.4 vs preliminary 52.6

        • UK 51.4 vs preliminary 52.1

    • Markets:

      • WTI Crude (Feb 26): ($0.31) or (0.53%) to $58.01

      • €-$ (0.0034) or (0.29%) to 1.1690

      • £-$ (0.0046) or (0.34%) to 1.3496

      • €-£ +0.0005 to 0.8662

      • S&P 500 +0.22%

      • Performance year-to-date

        • FTSE 100: +1.93%

        • DAX: +1.64%

        • CAC: +1.08%

        • MIB: +1.86%

        • Stoxx 600: +2.21%

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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