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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +0.13% to 10505.01, DAX (0.03%) to 25177.80, CAC40 +0.43% to 8207.89, STOXX 600 +0.03% to 628.18

May 27 ,2026

  • Synopsis:

    • European equity markets ended mostly higher, but off best levels. DAX softer. Autos, luxury, and food/beverage the best performers, while energy, utilities and defensives the big laggards. Follows mostly weaker performance on Tuesday.

    • Risk appetite remains supported by hopes of a US-Iran ceasefire, after Iranian state media reported a draft of an initial, unofficial MoU with the US, though White House has now dismissed the report as "not true" and "a complete fabrication". European equity markets near record highs, though some cautious analyst reports recently due to challenging earnings outlook.

    • More discussions on weakness in UK consumer demand after warnings from retailers and weak macro data. Meanwhile, former PM Blair criticized Starmer's government for lack of direction and talked up Wes Streeting, who is a leadership contender.

    • On a light EZ macro calendar, the French consumer confidence indicator fell to its lowest level since March 2023 at 82 in May versus consensus 83 and prior 84. Notable deterioration in expectations on finances, major purchase intentions and standard of living. Elsewhere, new-vehicle registrations in EU, Britain and EFTA countries climbed 7.0% to 1.2M units last month. Chinese brands extending momentum.

    • In corporate news, Capgemini (CAP.FP) hosts its CMD and released 2028 financial targets, including delivering 2025 to 2028 revenue CAGR at constant currency of +5.5-7.5%, with c. 2 points from M&A. Out of the DACHs region, Aroundtown (AT1.GR) reported Q1 earnings. In the Nordics, Telenor (TEL.NO) issued a CMD update announcing a streamlined organisational structure that removes the current Nordic Business Area layer. In the UK, Greencore Group (GNC.LN) and Pets At Home Group (PETS.LN) updated investors with their latest numbers. On the M&A newsflow, Akzo Nobel (AKZA.NA) has rejected a cash offer from Nippon Paint and Sherwin-Williams, while both AkzoNobel boards unanimously continue to recommend the merger of equals between AkzoNobel and Axalta.

    • Looking ahead to tomorrow's EU econ-calendar, key releases will include, amongst others, France Apr PPI, Italy May business/consumer confidence, Apr PPI. and Eurozone May economic sentiment indicator

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Autos & Parts +2.48%, Persnl & HHold Goods +2.38%, Food & Beverage +2.23%, Retail +1.86%, Travel & Leisure +1.70%, Chemicals +1.30%, Construct & Mtls +1.25%, Health Care +0.45%, Real Estate +0.33%, Banks +0.30%, Ind Goods & Svcs +0.11%

      • Underperformers:

        • Oil & Gas (3.25%), Utilities (1.85%), Technology (0.93%), Media (0.65%), Financial Svcs (0.59%), Telecom (0.59%), Insurance (0.34%), Basic Resources (0.20%)

    • Macro:

      • Central banks:

        • Guindos Says ECB Must Consider Weaker Growth at June Meeting -- Bloomberg

        • Traders Pare BOE Rate Bets, Now Favor One 25bps Hike This Year -- Bloomberg

      • EU:

        • Drones? Europe's Automakers Are Taking Orders -- TheNation

        • Battle Lines Are Drawn on China Amid EU Divisions -- Bloomberg

      • UK:

        • Labour has 'no coherent plan' for country, says Blair -- BBC

        • UK, Poland to sign defence treaty to tackle Russian threats -- Reuters

      • Germany:

        • German top economists urge Merz to enact painful reforms to revive growth -- Politico

      • France:

        • France Sticks to Plans to Narrow Deficit as Iran War Weighs - Bloomberg

      • Italy:

        • Meloni Told by IMF That Italy's Energy Aid Must Be More Targeted -- Bloomberg

        • IMF says Italy's GDP up 0.5% until 2027, debt still too high -- Ansa

      • Spain:

        • Raid on party headquarters dials up pressure on Spain's Sánchez -- Politico

      • Switzerland:

        • Switzerland's 10-Million Population Cap Is Worrying Executives -- Bloomberg

    • Company news:

      • Notable Gainers

        • +19.5% AKZA.NA (Akzo Nobel €62.78, +10.26) -- rejected cash offer from Nippon Paint and Sherwin-Williams; board continue to recommend merger of equals with Axalta

        • +15.4% BOWL.LN (Hollywood Bowl Group £3.00, +0.40) -- H1 earnings

        • +10.2% CHRT.LN (Cohort £13.60, +1.26) -- FY trading update

        • +8.7% ONCO.SS (Oncopeptides SEK2.03, +0.16) -- abstracts presentation on Pepaxti data at EHA

        • +6.5% PETS.LN (Pets At Home Group £1.97, +0.12) -- FY earnings

        • +6.2% MPCC.NO (MPC Container Ships NOK24.33, +1.42) -- Q1 earnings

        • +5.8% ZTF.LN (Zotefoams £4.21, +0.23) -- YTD trading update

        • +4.7% HNSA.SS (Hansa Biopharma SEK35.18, +1.58) -- defirix European post authorization study results

        • +4.3% RNO.FP (Renault €29.90, +1.24) -- ACEA April new car registrations

        • +3.8% STLAM.IM (Stellantis €7.02, +0.26) -- ACEA April new car registrations

        • +3.1% MBG.GR (Mercedes-Benz Group €52.51, +1.59) -- ACEA April new car registrations

        • +3.1% AMS.LN (Advanced Medical Solutions Group £2.19, +0.06) -- statement from H.B. Fuller regarding value creation strategy; Activist Ancora Advisors reportedly seeking to have H.B. Fuller end pursuit of Advanced Medical Solutions (AMS.LN), instead undertake strategic review -- Bloomberg

        • +2.4% ROCK.B.DC (Rockwool DKK197.90, +4.60) -- ABG Sundal Collier upgrade

        • +2.1% VOW3.GR (Volkswagen €92.38, +1.88) -- ACEA April new car registrations

        • +0.5% PAAL.B.DC (Per Aarsleff Holding DKK740.00, +4.00) -- Aarsleff adjusts FY26 expectations due to acquisition of CG Jensen A/S and Adserballe & Knudsen A/S

      • Notable Decliners

        • -55.3% NANO.LN (Nanoco Group £0.03, -0.04) -- intends to delist from LSE

        • -13.8% FLOW.NA (Flow Traders €25.52, -4.08) -- ING downgrade

        • -9.0% GNC.LN (Greencore Group £2.18, -0.22) -- H1 earnings

        • -6.8% HMS.SS (HMS Networks SEK548.00, -40.00) -- Handelsbanken downgrade

        • -6.1% IQE.LN (IQE £0.51, -0.03)

        • -5.5% PSG.SM (Prosegur Compania de Seguridad €2.66, -0.16) -- Goldman Sachs downgrade

        • -4.8% WJG.LN (Watkin Jones £0.22, -0.01) -- H1 earnings

        • -4.3% IMM.LN (ImmuPharma £0.04, -0.00) -- FY earnings

        • -4.0% WAF.GR (Siltronic €93.20, -3.85) -- Wacker Chemie sells 2.1M Siltronic AG shares at €89.35 per share

        • -4.0% NTGY.SM (Naturgy Energy Group €28.74, -1.20) -- holder Rioja Acquisition S.à r.l. places 107.5M shares at €28.55/sh

        • -3.5% CAP.FP (Capgemini €100.65, -3.65) -- CMD Update

        • -3.1% CASH.SM (Prosegur Cash €0.60, -0.02) -- Goldman Sachs downgrade

        • -2.5% ERA.FP (Eramet €53.95, -1.40) -- restart of mineral sands production in Senegal at ~30% of nameplate capacity new CFO

        • -2.1% WCH.GR (Wacker Chemie €96.50, -2.05) -- sells 2.1M Siltronic AG shares at €89.35 per share

    • EU companies reporting tomorrow:

      • Earnings:

        • Austria: Vienna Insurance Group (VIG.AV), EVN (EVN.AV), CPI Europe (CPI.AV)

        • Denmark: Per Aarsleff Holding (PAAL.B.DC), Luxor (LUXOR.B.DC)

        • France: Laurent-Perrier (LPE.FP)

        • Germany: CTS Eventim (EVD.GR), ASTA Energy Solutions (1AST.GR), Datagroup (D6H.GR), Azerion Group (9Q9.GR), Novem Group (NVM.GR), BRAIN Biotech (BNN.GR)

        • Norway: Andfjord Salmon Group (ANDF.NO)

        • Southern Europe: eDreams ODIGEO (ESM)

        • Sweden: Elekta (EKTA.B.SS)

        • UK: Scottish and Southern Energy (SSE.LN), Johnson Matthey (JMAT.LN)

      • Trading Update:

        • DACHs: Galenica (GALE.SW)

  • Data:

    • Economics:

      • France May Consumer Confidence 82 vs consensus 85 and prior revised to 84.03 from 84

    • Markets:

      • WTI Crude (26-Jul): ($3.47) or (3.70%) to $90.42

      • €-$ +0.0003 or +0.03% to 1.1635

      • £-$ (0.0015) or (0.11%) to 1.3431

      • €-£ +0.0014 to 0.8664

      • S&P 500 (0.14%)

      • Performance year-to-date:

        • FTSE 100: +5.78%

        • DAX: +2.81%

        • CAC: +0.72%

        • MIB: +10.31%

        • Stoxx 600: +6.08%

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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