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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 (0.04%) to 10044.69, DAX +0.02% to 25127.46, CAC40 +0.12% to 8243.47, STOXX 600 (0.19%) to 603.83

Jan 08 ,2026

  • Synopsis:

    • European equity markets ended the session mixed to higher, the STOXX Europe 600 trading in a narrow range in slightly negative territory, the STOXX Europe 50 doing similar, though briefly flirted with positive territory on a couple of occasions.

    • With many country benchmarks seeing limited moves in either direction, and shares ending towards the lower end of the day's range, Netherlands (1.4%) and Finland (1.3%) the outliers to the downsides, with Greece +1.9% the outlier to the upside

    • Defense shares supported by Trump call for a $1.5T FY27 Defense Budget to fund a Dream Military

    • SNB released minutes of last MPC meeting and ECB's de Guindos was in fireside chat at Vocento's 2nd Edition of Next Spain Global. ECB released results of latest consumer expectations survey

    • Macro data saw better than expected Germany Nov factory orders and Italy Nov unemployment rate. Switzerland Dec CPI and France Nov trade balance were generally inline, whilst Eurozone Dec economic sentiment slips modestly and UK's Dec house price index from the Halifax, part of Lloyds Banking Group, the UK's largest mortgage lender, ended 2025 on a weak footing, the lender expecting house prices to rise between +1-3% in 2026

    • In politics, respective leaders took part in the first EU-Jordan summit, joint statement and Chancellor Merz met with Lithuanian President Nausėda on the sidelines of the CSU's closed-door meeting at Seeon Abbey. Norway's PM Støre made a statement in parliament on the Government's political priorities - plan for Norway, which was followed by a debate that is ongoing, and later Støre participated in a panel discussion at the New Year's seminar of Norsk Hydro.

    • The Norwegian Offshore Directorate presented a summary of activity on the Norwegian continental shelf (NCS) over the past year. Both production and investments were very high in 2025. Oil production (106M standard cubic metres is the highest since 2009. Production from the NCS is nearly equally distributed between oil and gas. A total of 120B standard cubic metres was sold, which represents a minor reduction from the record-breaking year of 2024. Norwegian gas accounts for ~30% of EU gas consumption, and Norway is Europe's largest supplier after cutting off Russian gas

    • Resolution Foundation hosted event title Growing pains? What's in store for UK politics, economics and living standards in 2026

    • In addition to the news that Galp Energia and Moeve are negotiating to combine downstream activities in the Iberian Peninsula, other M&A news flow that saw more modest share price responses included Mutares (MUX.GR) agrees to acquire the Engineering Thermoplastics Business in the Americas and Europe of SABIC for an $450M (enterprise value) and to sell Kalzip to Tremco CPG for an undisclosed sum, CVC Capital Partners (CVC.NA) via DIF agrees to acquire iPark from Elliott Investment Management for an undisclosed sum and reportedly, Millicom International Cellular reportedly considering buying Telefonica's (TEF.SM) Chilean unit.

    • Updates from UK retailers Greggs (GRG.LN), Marks & Spencer Group (MKS.LN), Tesco (TSCO.LN) as well as Primark, part of Associated British Foods (ABF.LN) topped the earnings releases, that also saw Sodexo (SW.FP) report Q1 revenue, Dassault Aviation (AM.FP) raise FY sales guidance to over €7.00B vs prior guidance €6.50B, Sligro Food Group (SLIGR.NA) report prelim FY revenue €2.67B vs FactSet €2.68B [4 est, €2.65-2.71B] and Jungfraubahn Holding (JFN.SW) reported 2025 visitor numbers and announced new financial targets at its Investor Day.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Persnl & HHold Goods +1.37%, Banks +0.92%, Insurance +0.82%, Food & Beverage +0.78%, Telecom +0.48%, Real Estate+0.16%, Travel & Leisure +0.14%, Autos & Parts +0.11%, Health Care +0.10%, Chemicals +0.09%, Utilities (0.14%)

      • Underperformers:

        • Technology (2.20%), Oil & Gas (1.98%), Basic Resources (1.60%), Ind Goods & Svcs (0.80%), Media (0.66%), Retail (0.62%), Financial Svcs (0.48%), Construct & Mtls (0.40%)

    • Macro/Peripheral markets:

      • SNB minutes of last MPC meeting - release

      • ECB's Guindos says rates appropriate amid geopolitical uncertainty - Bloomberg

      • ECB's Pereira sees no need to adjust rates - Bloomberg

      • ECB consumer inflation expectations survey - release

      • Germany's SPD pushes to accelerate income tax cuts - Reuters

      • BOE survey shows firms expect softer inflation and jobs weakness - Decision Maker Panel survey

      • UK's new workers' rights legislation is expected to cost £1B a year annual, according to official government analysis - Bloomberg

      • Rubio signals Greenland options remain on table ahead of meeting Danish officials - Reuters

        • Norway's NRK1 tv station hosts debate at 21:10CET title Should Trump get Greenland?

      • Zelenskyy presses for firmer security guarantees despite Europe pledges - BBC

      • Italy's Meloni enters pivotal year ahead of 2027 election - FT

      • UK's Sec of State for Environment Reynolds delivers a speech at the 2026 Oxford Farming Conf - release

    • Company news:

      • Notable Gainers

        • +5.0% ETE.GA (National Bank of Greece) -- buy from hold at Deutsche Bank

        • +4.8% MKS.LN (Marks & Spencer Group) -- Q3 revenue £4.99B vs FactSet £5.05B [1 est]; reaffirms FY guidance

        • +4.2% SOFF.NO (Solstad Offshore) -- contract extension and amendment for Normand Turquesa

        • +4.1% CCC.LN (Computacenter) -- acquires AgreeYa Solutions Inc for enterprise value of up to $120M

        • +3.9% VOTR.GR (Voltabox) -- to acquire KOMITEC electronics GmbH via cash and share issuance through in-kind capital increase

        • +3.1% BNP.FP (BNP Paribas) -- buy from neutral at UBS

        • +2.9% ASRNL.NA (ASR Nederland) -- acquires the insurance activities of Bovemij and enters into strategic partnership with BOVAG; purchase price amounts to €185M

        • +2.9% PHARM.NA (Pharming Group) -- prelim FY revenue $376M vs FactSet $370.2M [4 est, $366.8-372.7M]

        • +2.4% RAA.GR (Rational) -- buy from hold at Berenberg

        • +2.2% AMS.SM (Amadeus IT Group) -- buy at Alantra Equities

        • +1.8% ATEA.NO (Atea) -- buy from hold at Arctic Securities

        • +1.7% GALP.PL (Galp Energia) -- negotiating with Moeve to combine downstream activities in the Iberian Peninsula

        • +1.6% NN.NA (NN Group) -- H2 of 25 semi-annual pre close note

        • +1.4% NORSE.NO (Norse Atlantic) -- December traffic +55% y/y

        • +1.1% OVH.FP (OVHCloud) -- Q1 revenue €263.5M, (4%) vs year-ago €275.3M

          • On earnings/updates: AM.FP (Dassault Aviation), JFN.SW (Jungfraubahn Holding)

      • Notable Decliners

        • -12.7% ABF.LN (Associated British Foods)

          • Trading update for 16-week period to 3-Jan: now expects FY group adj. operating profit and EPS to be below last year

          • UK's CMA refers Associated British Foods' acquisition of Hovis for an in-depth investigation

        • -9.8% VLTSA.FP (Voltalia) -- update on achieving total capacity target of 3.6gigawatts; reaffirms FY25 EBITDA target

        • -9.0% ABVX.FP (Abivax) -- provides 2026 pipeline outlook

        • -6.6% TSCO.LN (Tesco) -- Q3 + Christmas (19 weeks) Group LFL sales +2.9%; now expects to deliver FY Group adj. operating profit at the upper end of prior £2.9-£3.1B guidance

        • -6.0% GRG.LN (Greggs) -- Q4 total sales +7.4%; Company-managed shop LFL sales +2.9%

        • -5.5% LOGN.SW (Logitech International) -- neutral from outperform at BNP Paribas Exane

        • -5.2% YIT.FH (Yit) -- hold from buy at DNB Carnegie

        • -3.8% BUCN.SW (Bucher Industries) -- hold from buy at Berenberg

        • -3.5% SHEL.LN (Shell) -- Q4 update note ahead of results on 5-Feb

        • -3.0% CAML.LN (Central Asia Metals) -- FY operations update for Kounrad SX-EW copper operation and Sasa Zinc-Lead mine; guides FY26 copper production between 12-13,000 tonnes

        • -1.7% SGO.FP (Compagnie de Saint-Gobain) -- sell from neutral at UBS

        • -1.4% MNDI.LN (Mondi) -- hold from buy at Goodbody Stockbrokers

        • -1.2% ANTO.LN (Antofagasta) -- sell from hold at Deutsche Bank

          • On earnings/updates: SW.FP (Sodexo), GET.FP (Getlink), Finnair (FIA1S.FH), Grieg Seafood (GSF.NO) and reversing initial gains SLIGR.NA (Sligro Food Group)

    • EU companies reporting tomorrow:

      • Trading Update:

        • DACHs: Tecan Group (TECN.SW)

        • Nordics: Matas (MATAS.DC), Kid (KID.NO)

        • UK: J Sainsbury (SBRY.LN), UNITE Group (UTG.LN)

      • CMD/Events: Yara (YAR.NO), Thule Group (THULE.SS) pre-close call/webcast at 14:00CET

  • Data:

    • Economics:

      • Germany Nov factory orders +5.6% m/m vs consensus (0.9%), prior revised +1.6% from +1.5%

      • Italy Nov unemployment rate 5.7% vs consensus 6.0%, prior revised 5.8% from 6.0%

      • France Nov trade balance (€4.2B) vs consensus (€4.3B), prior revised (€3.5B) from (€3.9B)

      • Eurozone

        • Nov PPI (1.7%) y/y vs consensus (1.9%) and prior (0.5%)

        • Dec

          • Economic sentiment indicator 96.7 vs consensus 97.0, prior revised 97.1 from 97.0

          • Consumer confidence (13.1) vs preliminary (14.6)

          • Services sentiment indicator 5.6 vs consensus 5.9, prior revised 5.8 from 5.7

      • Switzerland Dec CPI +0.1% y/y vs consensus +0.1%, prior 0.0%

      • UK Dec house price index +0.3% y/y vs consensus +1.1%, prior revised +0.6% from +0.7% - Halifax

      • Norway Nov manufacturing production +2.4% m/m vs consensus +0.5%, prior (0.9%)

      • Sweden Nov preliminary CPI +0.3% y/y vs consensus +0.5%, prior +0.3%

      • Denmark Nov unemployment rate 2.6% vs consensus 2.6%, prior 2.6%

    • Markets:

      • WTI Crude (Feb 26): +$1.02 or +1.82% to $57.01

      • €-$ (0.0021) or (0.18%) to 1.1654

      • £-$ (0.0024) or (0.18%) to 1.3434

      • €-£ +0.0000 to 0.8677

      • S&P 500 (0.15%)

      • Performance year-to-date:

        • FTSE 100: +1.14%

        • DAX: +2.60%

        • CAC: +1.15%

        • MIB: +1.59%

        • Stoxx 600: +1.97%

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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