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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +0.25% to 10609.06, DAX +1.27% to 24044.22, CAC40 +1.12% to 8327.86, STOXX 600 +0.99% to 619.95

Apr 14 ,2026

  • Synopsis:

    • European equity markets are trading higher. Media the best performers with Travel & Leisure and Banks big gainers; energy, luxury the biggest laggards. European markets lower Monday, though closed near best levels with risk appetite improving.

    • Market focus shifting from negative Iran headlines on weekend (failure of negotiations, US naval blockade) to reports two sides in discussions about resuming diplomacy before expiration of two-week ceasefire. Follows signals from Trump and Iran officials that diplomatic track remains open despite refusals to budge from red lines. Reports that US and Iran to hold second round of direct talks later this week in Islamabad. US naval blockade went into effect Monday, though ceasefire holding up amid US and Iranian threats. More reports discussing tightness of physical oil markets with Strait of Hormuz vessels having dwindled following recent uptick.

    • In other news, latest BofA FMS showed investors the most bearish on stocks in 10 months amid geopolitical risk. Meanwhile, UN warned of spike in global food prices if there were limits on shipments of energy and fertilizers. Comes as UK food and drink industry said fuel price surge will disrupt the supply chain. Elsewhere, EU proposes looser state aid rules to help cushion business from Iran war fuel shock. ECB's Villeroy called for vigilance on inflation after Bank of France monthly poll showed increase in number of firms planning to raise prices in April. German lobby group DIHK called for change in course on climate protection policies, arguing emissions trading unrealistic.

    • On macro data front, German wholesale prices up sharply in March update due to Iran conflict, which saw jump in energy costs and raw materials. BRC UK retail sales recorded boost in March due to early timing of Easter but outlook remains cautious. Final Spanish inflation revised up from flash. Swedish inflation revised lower. Overseas, highlight was China export growth down by much more than expected amid slide in US-bound shipments, but followed outsized increase in Jan-Feb. Imports rose at fastest pace late 2021 despite drop in oil and gas purchases. Australian business and consumer confidence down sharply due to Iran conflict. In the US, March PPI weaker than expected and NFIB small-business optimism also dipped.

    • In the US, March PPI up 0.5% m/m, below the 1.1% consensus and February's upwardly revised 0.7% (was 0.5%). Core PPI up only 0.1% m/m, notably softer than 0.5% consensus and prior month's downwardly revised 0.3% (initially up 0.5%). ADP estimates private employers added 39.25K jobs/wk for the four weeks through 28-Mar; said fourth straight week of job creation. March NFIB small-business optimism fell again, dropping below historic average.

    • In corporate news, in the UK, Intertek Group (ITRK.LN) launched strategic review to evaluate potential separation of Intertek Energy & Infrastructure from Intertek; reported Q1 sales and confirmed FY guidance. PageGroup (PAGE.LN), Imperial Brands (IMB.LN) posted trading updates. Out of DACHs, Porsche (P911.GR) and Mercedes-Benz Group (MBG.GR) held Q1 pre-close calls. Givaudan (GIVN.SW) and Sika Group (SIKA.SW) released Q1 sales. In France, LVMH Moet Hennessy Louis Vuitton (MC.FP) posted weaker sales; Publicis Groupe (PUB.FP) posted in-line Q1 organic sales growth and reaffirmed FY26 guidance.

    • In M&A headlines, Eurofins Scientific (ERF.FP) divests its Electrical & Electronic Testing business to UL Solutions Inc. (ULS) for EV of ~$670M/ €575M on cash and debt free basis. In media headlines, I Squared Capital, Blackstone (BX) planning joint bid for Ströer's (SAX.GR) out-of-home advertising business. Aegon (AGN.NA) reportedly to make decision about future of UK business within days as Lloyds (LLOY.LN), Standard Life (SDLF.LN) make rival bids. Orange (ORA.FP), Free and Bouygues Telecom (EN.FP) are finalizing a new offer on SFR (+SFR.FP).

    • Looking ahead to tomorrow's calendar (see - Europe Week Ahead: 13-Apr to 17-Apr attached) Barratt Redrow (BTRW.LN), Hunting, MFE-MEDIAFOREUROPE (MFEB.IM), Tryg (TRYG.DC), Investment AB Öresund (ORES.SS), Hermes (RMS.FP), Covivio (COV.FP), Exail Technologies (EXA.FP), Helvetia Baloise Holding (HBAN.SW), and ASML Holding (ASML.NA) will be amongst other names to update investors, whilst the macro-calendar releases will include France Mar final CPI, Eurozone Feb industrial production, Norway Mar trade balance, Greece Mar CPI.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Media +2.13%, Travel & Leisure +2.09%, Banks +1.94%, Construct & Mtls +1.89%, Technology +1.70%, Ind Goods & Svcs +1.59%, Autos & Parts +1.41%, Real Estate +1.28%, Health Care +1.02%,

      • Underperformers:

        • Energy(1.57%), Personal Care Drug and Grocery Stores (0.39%), Telecom (0.11%), Chemicals (0.04%), Utilities +0.10%, Food, Beverage and Tobacco +0.34%, Retail +0.40%, Basic Resources +0.77%, Insurance +0.79%, Financial Svcs +0.82%,

    • Macro/Peripheral markets:

      • Geopolitics

        • France and UK to co-host talks on securing Strait of Hormuz - Politico

        • Ships under US sanctions pass through strait of Hormuz despite blockade on ports - The Guardian

        • Xi says world in 'disarray' as Spain pushes China to help end Iran war - FT

      • Central Banks

        • ECB seeks to break insurance 'deadlock' in push for banking union - FT

        • Lagarde Says Europe Between ECB's Baseline and Adverse Scenarios - Bloomberg

      • EU

        • Zelenskyy will fix Druzhba oil pipeline as he counts on Hungary to lift EU loan veto - Politico

      • UK

        • Iran war escalation could trigger global recession, IMF warns - The Guardian

        • Former Nato chief warns UK's national security 'in peril' - BBC

        • Trump says UK 'crazy' not to drill in North Sea - The Times

      • France

        • Exclusive: US officials underwhelmed by French far-right's plans for economy - Reuters

        • France's Lescure Sees Economy Overcoming Short-Term Slowdown - Bloomberg

        • the government paves the way for a cap on prices at the pump - Le Parisien

      • Germany

    • Company news:

      • Trading Higher:

        • +17.6% HVO.LN (hVIVO plc £0.08, +0.01) -- signs clinical trial agreement to conduct human challenge trial on behalf of Traws Pharma; announces launch of new brand identity

        • +14.7% EVT.GR (Evotec €5.06, +0.69)

        • +12.9% ITRK.LN (Intertek Group £42.99, +4.92) -- Q1 trading update; launches strategic review to evaluate potential separation of Intertek Energy & Infrastructure from Intertek

        • +11.1% CICN.SW (Cicor Technologies CHF132.20, +13.60) -- Q1 earnings

        • +7.9% SIKA.SW (Sika Group CHF149.35, +10.90) -- Q1 revenue

        • +7.3% COTN.SW (COMET Holding CHF308.00, +20.60) -- Q1 sales

        • +6.5% AML.LN (Aston Martin Lagonda Global Holdings £0.43, +0.03)

        • +6.5% BANB1.SW (Bachem Holding CHF71.35, +4.55)

        • +6.4% CRTA.LN (Cirata £0.16, +0.01) -- Q1 trading update

        • +6.3% SRT3.GR (Sartorius €223.80, +13.70)

        • +5.8% SENS.SW (Sensirion Holding CHF68.90, +3.80) -- confirms mid-term outlook at investor day

        • +5.7% SZG.GR (Salzgitter €49.30, +2.66) -- EU Commission welcomes political agreement on new EU steel measure

        • +5.6% TEMN.SW (Temenos CHF72.85, +3.90) -- Citi upgrade

        • +5.4% EUZ.GR (Eckert & Ziegler Strahlen- und Medizintechnik €15.33, +0.80)

        • +5.4% BESI.NA (BE Semiconductor Industries €216.90, +11.10)

        • +5.2% ERF.FP (Eurofins Scientific €67.86, +3.40) -- confirms divestment of Electrical & Electronic Testing business

        • +4.9% OXIG.LN (Oxford Instruments £27.24, +1.30) -- FY trading update

        • +4.5% FCH.LN (Funding Circle Holdings £1.45, +0.06) -- renews long-standing funding facility for FlexiPay for £320M, upsized from £240M

        • +4.5% ACS.SM (ACS SA €123.30, +5.40) -- Morgan Stanley upgrade

        • +4.1% DAN.IM (Danieli & C. Officine Meccaniche €66.20, +2.60) -- signs agreement with Marcegaglia for a major steel production and flat rolling plant

        • +4.0% SIE.GR (Siemens AG €235.15, +9.20)

        • +3.9% GF.SW (Georg Fischer CHF44.10, +1.66)

        • +3.8% IBU.GR (IBU-tec advanced materials €13.65, +0.50)

        • +3.8% ADMCM.FH (Admicom €29.75, +1.10)

        • +3.6% TKA.GR (ThyssenKrupp €8.75, +0.30) -- EU Commission welcomes political agreement on new EU steel measure

        • +3.4% STLAM.IM (Stellantis €6.90, +0.23) -- Stellantis expected to finalize exit from Symbio hydrogen fuel cell JV by May -- Les Echoes

        • +2.7% GIVN.SW (Givaudan CHF2,940.00, +75.00) -- Q1 revenue

        • +2.7% SGO.FP (Compagnie de Saint-Gobain €77.82, +2.06)

        • +2.2% HMS.SS (HMS Networks SEK481.00, +10.40) -- Danske Bank upgrade

      • Trading Lower:

        • -7.6% SCATC.NO (Scatec NOK125.10, -10.20) -- holder Equinor places 12.9M shares at NOK125.0/share

        • -5.3% IMB.LN (Imperial Brands £29.05, -1.63) -- trading update

        • -5.2% GMS.LN (Gulf Marine Services £0.18, -0.01) -- FY earnings

    • EU companies reporting tomorrow:

      • Earnings:

        • Benelux: ASML Holding (ASML.NA)

        • DACHs: Helvetia Baloise Holding (HBAN.SW), GESCO (GSC1.GR)

        • France: Exail Technologies (EXA.FP), Waga Energy (WAGA.FP), Kaufman & Broad (KOF.FP)

        • Nordics: Tryg (TRYG.DC), Investment AB Öresund (ORES.SS), VEF (VEFAB.SS), Flerie (FLERIE.SS), Dustin Group (DUST.SS), ABG Sundal Collier Holding (ABG.NO), Circio Holding (CRNA.NO)

        • Southern Europe: MFE-MEDIAFOREUROPE (MFEB.IM), Thessaloniki Port Authority (OLTH.GA)

        • UK: Saga (SAGA.LN), ASA International Group (ASAI.LN), hVIVO (HVO.LN)

      • Trading Update:

        • France: Hermes (RMS.FP), Covivio (COV.FP), GL Events (GLO.FP), CATANA Group (ALCAT.FP)

        • UK: Barratt Redrow (BTRW.LN), Hunting (HTG.LN), Rank Group (RNK.LN), Ferrexpo (FXPO.LN), Robert Walters (RWA.LN)

      • CMD/Events: Helvetia Baloise Holding (HBAN.SW), Ceres Power Holdings (CWR.LN), Calida (CALN.SW) AGM (including shareholder proposals)

  • Data:

    • Economics:

      • Finland Mar CPI +1.3% y/y vs consensus +1.2% and prior +0.6%

      • Sweden Mar CPI +0.5% y/y vs preliminary +0.6%

      • Spain Mar CPI +3.4% y/y vs preliminary +3.3%

    • Markets:

      • WTI Crude (May 26): ($5.48) or (5.53%) to $93.60

      • €-$ +0.0040 or +0.34% to 1.1799

      • £-$ +0.0064 or +0.47% to 1.3572

      • €-£ (0.0011) to 0.8695

      • S&P 500 +0.93%

      • Performance year-to-date

        • FTSE 100: +6.82%

        • DAX: (1.82%)

        • CAC: +2.19%

        • MIB: +7.23%

        • Stoxx 600: +4.69%

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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