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StreetAccount Summary - EU Market Recap: FTSE 100 +1.43% to 10109.89, DAX +1.17% to 22562.56, CAC40 +0.92% to 7772.45, STOXX 600 +0.94% to 580.72

Mar 30 ,2026

  • Synopsis:

    • European equity markets closed higher, near best levels. Utilities and Real Estate lead gains; Travel & Leisure and Tech drag. Follows Friday downbeat close and last week's mixed performance in the region.

    • Latest Iran headlines continue dual track with President Trump claiming regime representatives agreed to most of 15-point plan and talks going well, contrasting with Iran's public rejection of demands. Pakistan positioning itself as mediator though still no confirmation about US and Iran meeting. Meanwhile, US-Israeli strikes continue with Iran retaliating against Middle East economic infrastructure, hitting aluminum production facilities. Risk of war widening after Houthis fired missile at Israel and more reports about potential US troop deployment to capture Kharg Island, Hormuz shoreline or seize uranium stockpiles. Accompanying rate stabilization also flagged as supportive for risk sentiment following big mid-week spike in bond vol last week. Negative gamma setup and month/quarter-end buying highlighted as well.

    • On macro data front, German inflation saw big acceleration in price pressure in March similar to Spanish update on Friday, which shows immediate impact of Iran conflict. Comes ahead Tuesday's Eurozone CPI update. Eurozone economic sentiment and confidence data deteriorated in March. UK property portal Zoopla said Iran war has deterred people looking to move because of higher mortgage rates. BoE data saw jump in new mortgage approvals in February. Meanwhile, latest Weil European Distress Index showed European firms entered the latest energy crisis in greater financial distress than before Russian invasion of Ukraine. UK Lloyds business barometer showed confidence rise before impact of Iran war. Germany's Ifo Institute highlighted increase in German firms planning to pass on higher costs.

    • On the corporate newsflow front, the FT reports that TotalEnergies (TTE.FP) made bumper profits on the Middle East oil bet whilst - in M&A news - CECONOMY (CEC.GR) confirmed uncertainty regarding FDI clearance in Austria in connection with ongoing public takeover process with JD.com and Telecom Italia (TIT.IM) announced it will terminate the MSA with Inwit (INW.IM) in August 2030 at latest, with Inwit stating that the MSA with TIM is valid until 2038 and termination notice has no legal grounds. On the reporting front, OVS (OVS.IM) and SÜSS MicroTec (SMHN.GR) updated investors and - further to the updates last Friday Burford Capital (BUR.LN) issues a statement on the YPF appeal, stating that the decision will have no cash impact and its core business is unaffected.

    • Looking ahead to tomorrow's calendar (see - Europe Week Ahead: 30-Mar to 03-Apr attached) Princes Group (PRN.LN), A.G. BARR (BAG.LN), Raspberry Pi Holdings (RPI.LN), James Halstead (JHD.LN), Lhyfe (LHYFE.FP), Afyren (ALAFY.FP), Casino Guichard-Perrachon (CO.FP), LightOn (ALTAI.FP), SoftwareONE Holding (SWON.SW), Romande Energie Holding (REHN.SW), Deutsche EuroShop (DEQ.GR), MBB (MBB.GR), and EnergieKontor (EKT.GR) will be amongst other names to update investors, whilst the macro-calendar releases will include Germany Mar unemployment rate, Feb retail sales, France Mar preliminary CPI, Feb consumer goods spending, PPI, Italy Mar preliminary CPI, Eurozone Mar flash CPI, UK Q4 final GDP, Mar house price index - Nationwide, shop price inflation - BRC, Denmark Q4 final GDP, Feb unemployment rate, Netherlands Mar preliminary CPI, Greece Jan retail sales, Portugal Mar preliminary CPI, Feb unemployment rate, Finland Mar preliminary HICP, Austria Mar preliminary CPI

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Utilities +3.09%, Real Estate +1.96%, Oil & Gas +1.90%, Food & Beverage +1.80%, Chemicals +1.80%, Media +1.76%, Insurance +1.62%, Basic Resources +1.52%, Telecom +1.39%, Financial Svcs +1.29%, Health Care +1.09%,

      • Underperformers:

        • Travel & Leisure (0.58%), Technology (0.34%), Retail +0.19%, Ind Goods & Svcs +0.25%, Construct & Mtls +0.40%, Banks +0.42%, Autos & Parts +0.73%, Persnl & HHold Goods +0.74%,

    • Macro/Peripheral markets:

      • Geopolitics

        • Spain closes airspace to US planes involved in Iran war - Politico

        • Trump threatens to 'obliterate' Iran's energy facilities if deal not reached 'shortly' - BBC

        • G7 'must be ready to release more emergency oil' - The Telegraph

      • EU

        • ECB Study Backs Case for Centralized Markets Watchdog in Europe - Bloomberg

      • UK

        • Starmer pledges to tackle new cost of living crisis at May elections campaign launch - The Guardian

        • Families hardest hit by energy crisis could be given funds dispensed by councils in England - The Guardian

      • France

        • Former French PM best placed to beat far right in 2027 presidential race, poll shows - Politico

        • France arrests two more suspects on Bank of America's foiled attack - Reuters

      • Germany

        • German inflation spikes to 2.8% in March as energy costs soar - Reuters

    • Company news:

      • Trading Higher:

        • +16.9% SEA1.NO (Sea1 Offshore NOK36.00, +5.20) -- special dividend of NOK4/share

        • +14.9% EQS.FP (Equasens Group €39.15, +5.10) -- FY earnings

        • +11.1% CNE.LN (Capricorn Energy £3.05, +0.31) -- Western Desert concession agreement

        • +9.5% NHY.NO (Norsk Hydro NOK101.45, +8.83)

        • +8.3% IDIA.SW (Idorsia CHF3.30, +0.26) -- daridorexant Phase 2 results in pediatric insomnia

        • +7.4% SFER.IM (Salvatore Ferragamo €6.91, +0.48) -- Bernstein upgrade

        • +7.3% BVXP.LN (Bioventix £14.75, +1.00) -- H1 earnings

        • +7.0% ORSTED.DC (Ørsted DKK153.00, +10.05) -- BofA upgrade

        • +4.8% AET.LN (Afentra £0.83, +0.04) -- Block 3/05 drilling update

        • +4.4% OMG.LN (Oxford Metrics £0.45, +0.02)

        • +4.3% SW.FP (Sodexo €44.34, +1.84) -- Jefferies upgrade

        • +3.0% RIO.LN (Rio Tinto $67.71, +1.96) -- Rio Tinto's power assets in the Pilbara to draw buyer interest as asset selldown launches - Australian Financial Review; operations update following Cyclone Narelle

        • +2.9% LI.FP (Klepierre €31.94, +0.90) -- Goldman Sachs upgrade

        • +2.5% EKI.FP (Ekinops €1.71, +0.04) -- MoU with tier-1 European telecom operator for deployment of large scale optical network

        • +2.4% DEBS.LN (Debenhams Group £0.18, -0.00) -- FY trading update

        • +1.6% HOME.SM (Neinor Homes €16.38, +0.26) -- €50M share buyback program

      • Trading Lower:

        • -55.1% BFF.IM (BFF Bank SpA €1.38, -1.75) -- Bank of Italy regulatory measure; Mediobanca downgrade

        • -34.4% TFIN.IM (Trevi-Finanziaria Industriale €0.29, -0.15) -- FY earnings and 2026 guide; 2026-2029 Business Plan; €100M rights issue

        • -7.1% BUR.LN (Burford Capital £3.20, -0.24) -- YPF appeal decision update

        • -6.1% WUW.GR (Wüstenrot & Württembergische €13.52, -0.88)

        • -5.8% SMHN.GR (SÜSS MicroTec €49.10, -3.03) -- FY earnings

        • -4.9% ELUX.B.SS (Electrolux SEK56.94, -2.96) -- BofA dwongrade

        • -3.7% EGTX.SS (Egetis Therapeutics SEK5.44, -0.21)

        • -3.4% CEC.GR (CECONOMY €4.30, -0.15)

        • -3.2% SHI.LN (SIG £0.08, -0.00)

        • -1.8% CVSG.LN (CVS Group £11.06, -0.20) -- CEO to retire

        • -1.7% SF.SS (Stillfront Group SEK3.84, -0.07)

        • -1.6% BYG.LN (Big Yellow Group £8.44, -0.14) -- Goldman Sachs downgrade

    • EU companies reporting tomorrow:

      • Earnings:

        • DACHs: SoftwareONE Holding (SWON.SW), Romande Energie Holding (REHN.SW), Deutsche EuroShop (DEQ.GR), MBB (MBB.GR), EnergieKontor (EKT.GR), Basler (BSL.GR), adesso (ADN1.GR), Aumann (AAG.GR), H&R (2HRA.GR), Leifheit (LEI.GR), CPI PROPERTY GROUP (O5G.GR), Knaus Tabbert (KTA.GR), Dermapharm Holding (), Norma Group (), Auto1 Group (), Adesso (), Friedrich Vorwerk ()

        • France: Lhyfe (LHYFE.FP), Afyren (ALAFY.FP), Casino Guichard-Perrachon (CO.FP), LightOn (ALTAI.FP)

        • Southern Europe: Buzzi (BZU.IM), Piraeus Port Authority (PPA.GA), Fourlis Holdings (FOYRK.GA)

        • UK: Princes Group (PRN.LN), A.G. BARR (BAG.LN), Raspberry Pi Holdings (RPI.LN), James Halstead (JHD.LN), Hilton Food Group (HFG.LN), Judges Scientific (JDG.LN), Anpario (ANP.LN)

      • CMD/Events: PolyPeptide Group (PPGN.SW) healthcare investors meeting, Rational (RAA.GR) IR follow-up talk FY25 & last call Q1 of 2026 (registration link), UniCredit (UCG.IM) EGM includes vote on cancellation of treasury shares

  • Data:

    • Economics:

      • Spain Feb retail sales +2.2% y/y vs consensus +3.8%, prior revised +3.8% from +4.0%

      • Switzerland Mar KOF leading indicators 96.1 vs consensus 101.1, prior revised 103.8 from 104.2

      • Sweden Feb retail sales +2.4% y/y vs consensus +3.6%, prior revised +3.9% from +4.1%

      • Italy Feb PPI (2.7%) y/y vs consensus (1.8%), prior (1.6%)

      • UK Feb

        • Mortgage approvals 62.58K vs consensus 61.0K, prior revised 60.25K from 60.00K

        • M4 money supply +0.6% m/m vs consensus +0.1%, prior (0.1%)

      • Eurozone Mar

        • Economic sentiment indicator 96.6 vs consensus 96.8, prior 98.3

        • Consumer confidence (16.3) vs preliminary (16.3)

        • Services sentiment indicator 4.9 vs consensus 4.0, prior 5.0

      • Greece Feb PPI (1.7%) vs consensus (4.0%), prior (3.7%)

      • Ireland Mar Preliminary HICP +3.6% y/y vs consensus +2.9% and prior +2.5%

      • Belgium Mar CPI +1.7% y/y vs consensus +2.5% and prior +1.5%

    • Markets:

      • WTI Crude (May 26): +$2.58 or +2.59% to $102.22

      • €-$ (0.0051) or (0.44%) to 1.1453

      • £-$ (0.0070) or (0.53%) to 1.3192

      • €-£ +0.0010 to 0.8685

      • S&P 500 +0.55%

      • Performance year-to-date

        • FTSE 100: +1.80%

        • DAX: (7.87%)

        • CAC: (4.63%)

        • MIB: (2.49%)

        • Stoxx 600: (1.94%)

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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