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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE (0.29%), DAX (0.48%), CAC40 (0.01%)

Jun 19 ,2026

  • Synopsis

    • European equity markets set for a softer open. Note markets in Finland and Sweden are closed today for Midsummer Day holiday. Asian equities lower in quiet Friday trade with several markets offline for public holidays. US equities close higher overnight with futures weakening afterhours; note US markets are closed today for Juneteenth. Bonds little changed. Attention on Gilt moves on leadership speculation. Dollar firmer. Oil steady with WTI crude near $76/bbl. Gold more than 2% lower. Industrial metals weaker. Bitcoin down more than 2%.

    • Markets have largely shaken off hawkish Fed takeaways with yields backing down amid oil pullback after US and Iran formally signed MoU to end conflict. While signing was widely expected, the expected ramp in Strait of Hormuz shipping activity, moves by Gulf states to restart production and prospect of unsanctioned Iranian supply hitting market have helped heaped pressure on oil prices. Oil supply relief seems to be overshadowing skepticism about final agreement being reached after 60 days.

    • Focus to be on the results of the results of the Makerfield byelection in the UK where Andy Burnham has won by a huge majority. Labour has won 54% of the vote to Reform UK's 35%, while Restore Britain has 7%. Burnham is widely expected to make a formal bid for Labour leadership role in the coming days.

    • On the agenda for today, in central banks, ECB's Lane, Bank of Italy's Balassone, Bank of Spain's Escrivá, ECB's Cipollone, ECB Elderson, Ireland central bank's Kincaid speak at various events. Norway's PM Støre semi-annual summary press conf at 11:30CET. Norges Bank tipped to raise rates later in the summer. In addition, SNB seen on the sidelines well into 2027 and highlighted reduced risk of FX intervention.

    • Light in scheduled corporate releases. On the macro calendar, Germany May PPI and UK May retail sales due at 7:00 BST. UK GfK consumer confidence remained downbeat with an unchanged (23) reading in June.

  • Politics/Macro/World News

    • UK:

      • Andy Burnham wins Makerfield by-election, paving way for him to challenge Keir Starmer as Labour leader (BBC )

      • UK consumers remain subdued as they brace for tougher times, GfK survey shows (Reuters )

      • Goldman says UK's sterling now the most overvalued G10 currency (Bloomberg )

    • Geopolitics:

      • Switzerland says US-Iran talks planned for Friday are off (Reuters )

      • EU delays trade confrontation with China (Bloomberg , FT )

      • Macron, Merz attack EU's stance on Putin talks (Politico )

  • Top company news

    • Earnings/updates

      • HBH.GR (Hornbach Holding) -- Q1 EPS €6.24 vs year-ago €6.62

      • ZEHN.SW (Zehnder Group) -- introduces divisional organizational structure with separation of European ventilation and radiator operations; reaffirms medium-term targets

    • M&A

      • ENT.LN (Entain) -- considering options for CEE, including possible sale - Reuters

      • HOLN.SW (Holcim) -- completes acquisition of Xella

      • LOOMIS.SS (Loomis) -- to acquire Transportadora del Interior S.A

      • RF.FP (Eurazeo) -- acquires majority stake in Lauralu from Evolem

    • Other

      • ASML.NA (ASML Holding) -- US expresses concern to ASML that its EUV machines may have made its way into China - Bloomberg

      • EQT.SS (EQT AB) -- exits remaining stake in Beijer Ref

      • EXO.NA (EXOR) -- announces Benoît Ribadeau-Dumas appointed as Deputy CEO, resignation of COO Suzanne Heywood

      • TFI.FP (TF1) -- TF1+ and the Group's channels are now available on Netflix in France

      • UTG.LN (UNITE Group) -- holder placing ~36.2M shares at between 505-515p/share - Reuters citing bookrunner

      • ASCN.SW (Ascom Holding) -- completes its share buyback program launched on 30-May-25

      • KAMBI.SS (Kambi Group) -- initiates SEK 100M share buyback program

      • AVIO.IM (Avio) -- announces new order for over 35M€ with MBDA

  • Key rating changes

    • Upgrades

      • BYS.SW (Bystronic) -- to neutral from sell at UBS

      • BAER.SW (Julius Baer Group) -- to market perform from underperform at Keefe, Bruyette & Woods

      • UBSG.SW (UBS Group) -- to market perform from underperform at Keefe, Bruyette & Woods

      • GETI.B.SS (Getinge) -- to buy from neutral at Sparebank 1 Markets

      • HOLN.SW (Holcim) -- to outperform from neutral at BNP Paribas Exane

      • SIKA.SW (Sika Group) -- to neutral from underweight at JPMorgan

    • Downgrades

      • ADM.LN (Admiral Group) -- to sector perform from outperform at RBC Capital Markets

  • Data

    • Nikkei (0.59%) to 70634.57

    • Hang Seng closed

    • Shanghai Composite closed

    • S&P futures (46.0) vs prior close of 7570.8

    • €-$ (0.0028) or (0.24%) to 1.1430

    • $-¥ (0.02) or (0.02%) to 161.35

    • €-¥ (0.47) or (0.25%) to 184.42

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.
Please refer to "Terms Of Use".

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