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StreetAccount Summary - EU Market Recap: FTSE 100 +0.51% to 10223.54, DAX +0.94% to 24538.81, CAC40 +0.68% to 8126.53, STOXX 600 +0.64% to 611.00

Jan 30 ,2026

  • Synopsis:

    • European equity markets generally finished the day higher, though below the best levels of the session. Pan-European indices quickly moved higher after a mixed open, becoming range bound around midday. Attempts to extended gains around the time of Wall St.'s failed to be sustained.

    • Spain +1.7% and Ireland +1.4% lead outperformers, with Greece (0.9%) one of less than a handful of country benchmarks down on the day, and leads underperformers.

    • US President Trump confirms nomination of Kevin Warsh as chair of Federal Reserve when Jerome Powell's leadership term ends in May

    • ECB's Machado spoke at Forum on Saving Investments Union and Croatia central bank's Vujčić was a panellist at event title 'Croatia and the OECD: 2nd Economic Review' organized by the Ministry of Foreign and European Affairs and the Ministry of Finance.

    • ECB's Buch to make remarks at 19:00CET at the Dreier-Club Abend event. There's an Economist partner event at 17:30CET title 'The World Ahead 2026', Athens Gala Dinner.

    • A heavy macro calendar at month-end included Eurozone Q4 GDP and German growth update and unemployment data. French update sees slower growth rate in Q4, in line with expectations, and household consumption weaker-than-forecast. Spanish Q4 GDP growth beat q/q.

    • Companies releasing earnings/updates included adidas (ADS.GR), Beijer Ref (BEIJ.B.SS), Electrolux (ELUX.B.SS), Hexagon (HEXA.B.SS), Lifco (LIFCO.B.SS), Signify (LIGHT.NA), SKF (SKF.B.SS), Svenska Cellulosa (SCA.B.SS) and Swatch Group (UHR.SW).

    • Amongst the limited M&A news flow was AF Gruppen's (AFG.NO) ABF to acquire 70% of the shares in Byggmesteren Vest; terms undisclosed and CNMV informs that the acceptance period in connection with Neinor Home's (HOME.SM) offer to acquire AEDAS Homes (AEDAS.SM) will be from 30-Jan to 27-Feb, inclusive. Eutelsat Communications' (ETL.FP) divestment of its passive ground segment infrastructure assets will not proceed. Strix Group (KETL.LN) completes disposal of Billi business to Birmingham Bidco for net proceeds of £105M and Demant (DEMANT.DC) completes divestment of EPOS. Also completing transactions were Prudential (PRU.LN) and IG Group Holdings (IGG.LN).

    • Sovereign credit rating reviews due after the close include S&P (Italy, Luxembourg, EFSF, ESM), Scope (Denmark, Finland, Norway)

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Banks +1.65%, Telecom +1.54%, Technology +1.20%, Persnl & HHold Goods +0.95%, Retail +0.94%, Health Care +0.66%

      • Underperformers:

        • Basic Resources (2.44%), Real Estate(0.26%), Financial Svcs (0.16%), Construct & Mtls +0.07%, Autos & Parts +0.11%, Ind Goods & Svcs +0.22%, Utilities +0.30%, Oil & Gas +0.32%, Chemicals +0.36%, Food & Beverage +0.46%, Insurance +0.52%, Travel & Leisure +0.56%, Media +0.58%

    • Macro/Politics/Peripheral markets:

      • Sources say OPEC+ likely to keep March output unchanged - Reuters

      • Lloyds Bank UK business barometer net balance of 44%, down 3 points m/m - release

      • UK housing minister predicts long-term house price decline through increased building and market reforms - FT

      • Chancellor Merz advocates confident Europe against authoritarian powers, criticizes Trump while AfD pushes for 'Peace Council' involvement - Welt

      • Greek farmers rethink political loyalties following protests - ekathimerini

      • New European forest partnership project prepared under the lead of the Ministry of Agriculture and Forestry progresses - Finland government press release

      • Norway's PM Støre met with the South Korean President's Chief of Staff Hoon-sik Kang and discussed how trading cooperation can be further developed through a strategic partnership, with particular emphasis on creating opportunities in security and defense - release

    • Company news:

      • Notable Gainers

        • +22.4% PINE.LN (Pinewood Technologies Group) -- confirms discussions with Apax Partners regarding possible cash offer of 500p/share

        • +16.8% ATE.FP (Alten) -- FY revenue €4.10B vs FactSet €4.09B [8 est, €4.06-4.10B]

        • +14.4% ELUX.B.SS (Electrolux) -- EBIT SEK1.52B vs consensus SEK1.19B; anticipate SEK3.5-4.0B earnings contributions from cost efficiency in 2026

        • +13.4% UHR.SW (Swatch Group) -- FY EBIT CHF135M vs FactSet CHF182.8M [12 est, CHF124-250M]

        • +13.2% SFL.IM (Safilo Group) -- prelim Q4 revenue €225.0M vs FactSet €226.3M [3 est, €223-231.6M]

        • +11.9% JEN.GR (Jenoptik) -- buy from hold at Deutsche Bank

        • +9.7% SLIGR.NA (Sligro Food Group) -- outperform from neutral at Oddo

        • +9.9% MSON.B.SS (Midsona) -- Q4 EPS SEK0.23 vs year-ago SEK0.13

        • +8.4% PEEL.LN (Peel Hunt) -- Trading ahead of expectations

        • +7.1% FUR.NA (Fugro) -- hold from underperform at Jefferies

        • +6.8% AVIO.IM (Avio) -- guides FY25 revenue €510-540M vs prior guidance €450-480M and FactSet €512.0M [5 est, €478.1-560M]

        • +6.5% CABK.SM (CaixaBank) -- Q4 net income €1.49B vs consensus €1.41B; raises 2025-27 ambition

        • +5.9% ARCH.NO (Archer) -- agrees to sell the workover business in the south of Argentina; price undisclosed

        • +5.5% SRAD.LN (Stelrad Group) -- FY revenue £280M vs FactSet £279.9M [5 est, £278.5-282.6M]

        • +5.0% PNDORA.DC (Pandora) -- hold from buy at SEB

        • +3.9% ADS.GR (Adidas) -- prelim Q4 revenue €6.08B vs FactSet €6.20B [11 est, €6.03-6.38B]; launches up to €1B share buyback

        • +3.8% WDP.BB (Warehouses de Pauw) -- FY EPRA EPS €1.53 vs FactSet €1.54 [15 est, €1.53-1.57]; introduces 2026-30 growth plan

        • +3.6% SAP (SAP.GR) -- market perform from market outperform at Citizens

        • +3.6% MTRS.SS (Munters Group) -- buy from hold at DNB Carnegie

        • +2.8% SAN.FP (Sanofi) -- EU's CHMP adopted positive opinions recommending granting of conditional marketing authorisation for Rezurock and Supemtek

        • +2.7% AOF.GR (ATOSS Software) -- FY EPS €3.04 vs FactSet €2.83 [9 est, €2.77-2.92], guides 2026, 2027

        • +2.6% LLOY.LN (Lloyds Banking Group) -- launches up to £1.75B share buyback program

        • +2.5% KOG.NO (Kongsberg Gruppen) -- wins NOK16B contract to deliver Counter-UAS solutions in Poland

        • +2.5% VETO.FP (Vetoquinol) -- prelim Q4 revenue €141.5M vs year-ago €141.1M

          • On earnings/updates: RBI.AV (Raiffeisen Bank International), ELIS.FP (Elis), FGR.FP (Eiffage) and reversing initial falls ELISA.FH (Elisa)

      • Notable Decliners

        • -29.0% SECARE.SS (Swedencare) -- prelim Q4 revenue SEK682M vs FactSet SEK716.7M [4 est, SEK710.7-724M]

        • -17.3% POXEL.FP (Poxel) -- announces the Commercial Court of Lyon approves the recovery plan

        • -16.6% BILL.SS (Billerud) -- Q4 adj EPS SEK0.13 vs FactSet SEK0.83 [8 est, SEK0.21-1.81]

        • -15.7% LIGHT.NA (Signify) -- Q4 EPS €0.49 vs consensus €0.67; initiates cost reduction program of €180M; anticipates challenging conditions to persist through 2026

        • -7.3% SKF.B.SS (SKF) -- Q4 EPS SEK3.50 vs FactSet SEK2.60 [14 est, SEK0.88-4.13]; expects a ~(SEK800M) negative FX impact on operating profit y/y in Q1 of 26

        • -6.0% AAF.LN (Airtel Africa) -- Q3 adjusted EPS $0.05 vs FactSet $0.04 [1 est]

        • -5.2% ENEA.SS (Enea) -- Q4 EPS SEK2.21 vs FactSet SEK1.90 [1 est]

        • -4.9% BEIJ.B.SS (Beijer Ref) -- Q4 EPS SEK0.87 vs FactSet SEK0.86 [4 est, SEK0.60-0.99]

        • -4.2% SCATC.NO (Scatec) -- Q4 EPS NOK0.09 vs year-ago (NOK0.89)

        • -3.8% MDM.FP (Maisons du Monde) -- prelim Q4 revenue €312.8M, (5%) vs year-ago €329.2M

        • -3.5% ANTO.LN (Antofagasta) -- neutral from buy at UBS

        • -3.3% ALCGM.FP (Cegedim) -- prelim Q4 revenue €173.0M vs FactSet €178.8M [1 est]

        • -3.3% KOJAMO.FH (Kojamo) -- hold from buy at SEB

        • -2.8% ATRLJ.B.SS (Atrium Ljungberg) -- Q4 EPS (SEK0.03) vs year-ago SEK0.37

        • -2.7% SCA.B.SS (Svenska Cellulosa) -- Q4 EPS SEK0.69 vs FactSet SEK0.73 [10 est, SEK0.61-0.95]

          • On earnings/updates: AVON.LN (Avon Technologies), LIFCO.B.SS (Lifco), YCA.LN (Yellow Cake) and reversing initial gains JM.SS (JM)

    • EU companies reporting Monday:

      • Earnings:

        • DACHs: Julius Baer Group (BAER.SW), Zuger Kantonalbank (ZUGER.SW), MVV Energie (MVV1.GR)

        • Nordics: AcadeMedia (ACAD.SS)

        • Southern Europe: Intesa Sanpaolo (ISP.IM)

      • Trading Update:

        • France: Wavestone (WAVE.FP)

        • Southern Europe: Galp Energia (GALP.PL)

        • UK: Kazatomprom (KAP.LN)

      • CMD/Events: GEA Group (G1A.GR) pre-close call

  • Data:

    • Economics:

      • Finland Q4 preliminary GDP (0.3%) y/y vs consensus (0.4%), prior (0.6%); +0.6% q/q vs consensus +0.2%, prior (0.3%)

      • France

        • Dec consumer spending (0.6%) m/m vs consensus (0.4%), prior (0.3%)

        • France Dec PPI +0.2% m/m vs consensus +0.5%, prior +1.1%

        • Q4 preliminary GDP +1.1% y/y vs consensus +1.2%, prior +0.9%; +0.2% q/q vs consensus +0.2%, prior +0.5%

      • Germany

        • Q4 preliminary GDP +0.4% y/y vs consensus +0.3%, prior +0.3%; +0.3% q/q vs consensus +0.2%, prior 0.0%

        • Jan unemployment change 0K vs consensus +4K, prior +3K

        • Jan preliminary CPI +2.1% y/y vs consensus +2.0%, prior +1.8%

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

      • Sweden Dec retail sales +1.5% y/y vs consensus +5.1%, prior revised +6.9% from +5.6%

      • Norway Dec retail sales (0.7%) m/m vs consensus +0.2%, prior +1.3%

      • Switzerland Jan KOF leading indicators 102.5 vs consensus 103.0, prior revised 103.6 from 103.4

      • Spain

        • Q4 preliminary GDP +2.6% y/y vs consensus +2.7%, prior +2.8%; +0.8% q/q vs consensus +0.6%, prior +0.6%

        • Jan preliminary CPI +2.4% y/y vs consensus +2.3%, prior +2.9%

      • Austria Q4 preliminary GDP +0.7% y/y vs consensus +0.7%, prior revised +1.0% from +0.9%

      • Netherlands Q4 preliminary GDP +1.8% y/y vs consensus +1.7%, prior +1.8%

      • Italy

        • Q4 preliminary GDP +0.8% y/y vs consensus +0.5%, prior +0.6%

      • UK

        • Dec mortgage approvals 61.01K vs consensus 65.0K, prior 64.53K

        • Dec M4 money supply +0.3% m/m vs consensus +0.3%, prior +0.8%

      • Eurozone

        • Q4 preliminary GDP +1.3% y/y vs consensus +1.2%, prior +1.4%; +0.3% q/q vs consensus +0.2%, prior +0.3%

        • Dec unemployment rate 6.2% vs consensus 6.3%, prior 6.3%

      • Portugal Q4 preliminary GDP +1.9% y/y vs consensus +2.3%, prior +2.4%; +0.8% q/q vs consensus +0.5%, prior +0.8%

    • Markets:

      • WTI Crude (Mar 26): +$0.59 or +0.90% to $66.01

      • €-$ (0.0097) or (0.81%) to 1.1875

      • £-$ (0.0095) or (0.69%) to 1.3716

      • €-£ (0.0012) to 0.8656

      • S&P 500 (0.42%)

      • Performance year-to-date:

        • FTSE 100: +2.94%

        • DAX: +0.20%

        • CAC: (0.28%)

        • MIB: +1.30%

        • Stoxx 600: +3.18%

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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