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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +0.42% to 10781.75, DAX +1.04% to 25361.03, CAC40 +0.40% to 8406.06, STOXX 600 +0.02% to 644.62

Jul 27 ,2026

  • Synopsis:

    • European equity markets ended mostly higher with DAX leading gains. Follows positive close on Friday. Sentiment improving on fragile Middle East truce. Media, retail, travel and autos the best performing sectors. Energy, technology and basic resources the main laggards.

    • On the data front, Germany's Ifo business climate for July beat at 86.6 vs consensus 86.1. Eurozone M3 slightly more accomodative at +3.3% y/y versus 3.2% expected. In the UK, CBI retail sales balance improved to -26 versus -45 expected, but remains deep in a four-year downturn. Eurozone inflation due later this week remains pivotal ahead of ECB's September decision, where a hike is still priced near 90% despite core measures looking sideways; energy prices will be decisive. The BoE meets Thursday and is expected to hold steady while watching inflation risks.

    • Markets attentive to trading updates from AstraZeneca (AZN.LN), Vodafone (VOD.LN), Michelin (ML.FP), LVMH Moet Hennessy Louis Vuitton (MC.FP) and Rexel (RXL.FP). Other notable companies to update investors on recent trading included Hotchief (HOT.GR), Galp Energia SGPS (GALP.PL), Italgas (IG.IM) and Saipem (SPM.IM).

    • In M&A, KKR agreed on terms of a recommended cash offer up to 6,797.22p/share (includes dividend) for DCC Energy (DCC.LN), Serica Energy (SQZ.LN) offers 28.6683p in cash, plus 4.0p in cash divi for Pharos Energy (PHAR.LN), Candle Lake Ltd acquires shares in Evolution (EVO.LN) and triggers a mandatory offer obligation as well as Railpen announces it has no intention to make an offer for IP Group (IPO.LN). DKSH Holding (DKSH.SW) to acquire the Meliane oral contraceptive brand from Bayer (BAYN.GR) across 30 markets in Europe, North Africa, Asia, and the Middle East. Elsewhere, reportedly, Banco BPM (BAMI.IM) - MPS (BMPS.IM) deal emerges as preferred strategic alternative to Intesa Sanpaolo (ISP.IM) bid.

    • Looking ahead to tomorrow's EU econ-calendar, key releases will include, amongst others, France Jul consumer confidence and UK Jul shop price index - BRC.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Media +2.26%, Retail +2.02%, Travel & Leisure +1.92%, Autos & Parts +1.53%, Telecom +1.40%, Health Care +1.27%, Financial Svcs +1.08%, Real Estate +1.07%, Banks +0.88%, Persnl & HHold Goods +0.74%, Insurance +0.53%, Food & Beverage +0.36%, Ind Goods & Svcs +0.10%

      • Underperformers:

        • Oil & Gas (2.04%), Technology (1.73%), Basic Resources (1.29%), Utilities (1.09%), Construct & Mtls (0.31%), Chemicals (0.09%)

    • Macro:

      • EU:

        • Commission eyes changes to big business tax to unlock budget deal -- Politico

      • UK:

        • Brexit 'reset' could constrain UK's freedom of movement on trade -- FT

        • Number of UK millionaires shrinks to lowest in nearly two decades -- Telegraph

      • Germany:

        • Germany's Friedrich Merz sacks transport minister in turbulent cabinet shake-up -- FT

        • Germany's sick-note crackdown may be treating the symptoms, not the disease -- Reuters

        • Germany to Trim Munitions Spending in Blow for Rheinmetall -- Bloomberg

      • France:

        • France's Lescure Warns of Economic Shock for Region Hit by Fires -- Bloomberg

    • Company news:

      • Notable Gainers

        • +32.7% PINE.LN (Pinewood Technologies Group £4.18, +1.03) -- Ridgeview Partners offer

        • +27.4% PHAR.LN (Pharos Energy £0.32, +0.07) -- agrees to Serica offer

        • +26.6% IR5B.ID (Irish Continental Group €7.92, +1.66) -- agrees Bluefin offer

        • +7.9% SAP.GR (SAP €151.26, +11.08) -- €2.6B share buyback

        • +7.5% IDIA.SW (Idorsia CHF6.64, +0.47) -- QUVIVIQ commercialization agreement in Saudi Arabia

        • +7.5% BITTI.FH (Bittium €28.10, +1.95) -- added to OMX Helsinki 25 index

        • +7.0% YIT.FH (Yit €2.97, +0.20) -- order

        • +6.7% EVO.SS (Evolution SEK743.20, +46.60) -- Candle Lake to launch mandatory takeover offer

        • +4.8% VOD.LN (Vodafone Group £1.21, +0.06) -- Q1 earnings

        • +4.5% ETL.FP (Eutelsat Communications €2.13, +0.09) -- Stifel upgrade

        • +3.9% KIN.BB (Kinepolis Group €39.65, +1.50) -- Estimated weekend box office revenues in US, Canada $141.5M, (23.7%) y/y - Box Office Mojo

        • +3.6% TFI.FP (TF1 €7.03, +0.25) -- Q2 earnings

        • +3.4% INRN.SW (Interroll Holding CHF1,354.00, +44.00) -- Oddo upgrade

        • +2.5% FARN.LN (Faron Pharmaceuticals £0.42, +0.01) -- BEXMAB phase 1/2 trial data

        • +1.9% FRAS.LN (Frasers Group £7.84, +0.15) -- Frasers Group laying groundwork to try to position CEO Michael Murray as CEO of Hugo Boss - London Times

        • +1.9% ITX.SM (Inditex €55.76, +1.02) -- Barclays upgrade

        • +1.1% SESG.FP (SES €7.23, +0.08) -- FCC upper C-band auction decision update

        • +0.8% VU.FP (VusionGroup €136.20, +1.10) -- acquisition of Store Media

      • Notable Decliners

        • -12.8% VSVS.LN (Vesuvius £3.92, -0.58) -- H1 trading update

        • -8.4% TSTL.LN (Tristel £4.10, -0.38) -- launch of 3T Pro

        • -7.6% KTCG.AV (Kapsch TrafficCom €4.97, -0.40) -- agreement on key terms of a restructuring

        • -7.3% SQZ.LN (Serica Energy £2.41, -0.19) -- acquires Pharos Energy

        • -4.9% METSO.FH (Metso Corp. €16.16, -0.83) -- Inderes downgrade; Handelsbanken downgrade; SEB downgrade

        • -3.2% QTX.LN (Quartix Technologies £2.45, -0.08) -- H1 earnings

        • -3.2% GALP.PL (Galp Energia SGPS €19.37, -0.65) -- Q2 earnings

        • -2.6% AZK.SM (Azkoyen €11.25, -0.30) -- Ohmnia Electronics, S.L. (Clerbil, S.L.) offer

        • -1.9% FPE3.GR (FUCHS SE €40.18, -0.78) -- Berenberg downgrade

    • EU companies reporting tomorrow:

      • Earnings:

        • Austria: Palfinger (PAL.AV)

        • Benelux: ASM International (ASM.NA), Koninklijke Philips (PHIA.NA), Basic-Fit (BFIT.NA), ACOMO (ACOMO.NA)

        • France: Safran (SAF.FP), Air Liquide (AI.FP), EssilorLuxottica (EL.FP), Orange (ORA.FP), Kering (KER.FP), bioMerieux (BIM.FP), Gaztransport & Technigaz (GTT.FP), Exosens (EXENS.FP), Lagardere (MMB.FP), Verallia (VRLA.FP), M6-Metropole (MMT.FP), Mercialys (MERY.FP), SMCP (SMCP.FP), Deezer (DEEZR.FP), Euroapi (EAPI.FP)

        • Germany: Mercedes-Benz Group (MBG.GR), TeamViewer (TMV.GR)

        • Italy: Recordati (REC.IM), Lottomatica Group (LTMC.IM), Nexi (NEXI.IM), Piaggio & C (PIA.IM), Fiera Milano (FM.IM)

        • Nordics: Storytel (STORY.B.SS)

        • Portugal: CTT - Correios de Portugal (CTT.PL)

        • Spain: Ferrovial (FER.SM), Grifols (GRF.SM), Cox ABG Group (COXG.SM)

        • Switzerland: Sika Group (SIKA.SW), Logitech International (LOGN.SW), SIG Combibloc Group (SIGN.SW), Forbo Holding (FORN.SW), LEM Holding (LEHN.SW), Sulzer (SUN.SW)

        • UK: Unilever (ULVR.LN), GSK (GSK.LN), Barclays (BARC.LN), Games Workshop Group (GAW.LN), Croda International (CRDA.LN), Inchcape (INCH.LN), UNITE Group (UTG.LN), Canal+ (CAN.LN), Restore (RST.LN), Forterra (FORT.LN), Essentra (ESNT.LN), NWF Group (NWF.LN), Staffline Group (STAF.LN), Man Group (EMG.LN)

      • Trading Update:

        • DACHs: Landis+Gyr Group (LAND.SW)

        • France: Compagnie des Alpes (CDA.FP), HERIGE (ALHRG.FP)

        • UK: Luceco (LUCE.LN), Gem Diamonds (GEMD.LN)

        • Other: Uniphar (UPR.ID)

  • Data:

    • Economics:

      • UK Jul CBI Distributive Trades Survey (26) vs consensus (45) and prior (54)

      • Eurozone Jun M3 Money Supply y/y +3.3% vs consensus +3.2% and prior revised to +3% from +3.2%

      • Germany Jul IFO

        • Business Climate 86.6 vs consensus 86.1 and prior revised 85.7 from 85.6

        • Current Conditions 86.5 vs consensus 87.2 and prior 87.0

        • IFO Expectations 86.7 vs consensus 84.3 and prior revised 84.3 from 84.1

    • Markets:

      • WTI Crude (26-Sep): ($6.14) or (6.87%) to $83.17

      • €-$ (0.0021) or (0.18%) to 1.1377

      • £-$ (0.0027) or (0.20%) to 1.3304

      • €-£ +0.0002 to 0.8550

      • S&P 500 (0.26%)

      • Performance year-to-date:

        • FTSE 100: +8.56%

        • DAX: +3.55%

        • CAC: +3.15%

        • MIB: +15.82%

        • Stoxx 600: +8.85%

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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