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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 (0.24%) to 10679.99, DAX (0.57%) to 25266.53, CAC40 (0.52%) to 8081.43, STOXX STOXX 600 (0.55%) to 636.43

Sep 24 ,2026

  • Synopsis:

    • European equity markets ended lower. Follows weaker performance on Wednesday. Energy, and food/beverage the best performers on the session. Autos, tech, basic resources and travel/leisure the main laggards.

    • On the macro front, German Ifo business climate survey jumped in September after run of other positive survey data. French business sentiment eased and consumer confidence held stable at weak levels. UK BRC consumer confidence slumped in September. Elsewhere, European Automobile Manufacturers' Association (ACEA) Aug new car registrations for EU + EFTA + UK +5.3% y/y.

    • Central bank policy decisions in focus with Riksbank, Norges Bank and SNB updates. SNB on hold, as expected. Said mid-term inflationary pressure increased only slightly. Riksbank unchanged and guided for a rate rise later this year with inflation risks skewed to the upside. Norges Bank hiked key rate by 25 bps to 4.5%.

    • In other news, press reports that UK Treasury open to smaller fiscal headroom to reduce tax hikes after Burnham signaled reluctance to raise taxes.

    • In corporate news highlights, in M&A, Schneider Electric (SU.FP) confirmed a €70/sh cash offer for Shelly Group (SLYG.BU) in a deal valued at €1.2B, supported by founders, while Continental (CON.GR) agreed to sell Conti Trade Australia to Tuhu Car for ~A$403M.

    • Looking ahead to tomorrow's EU econ-calendar, key releases will include, amongst others, Germany Oct consumer confidence - GfK, Eurozone Aug M3 money supply, and UK Sep consumer confidence - GfK.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers

        • Oil & Gas +1.12%, Food & Beverage +0.70%, Insurance +0.48%, Persnl & HHold Goods +0.21%, Utilities (0.05%), Health Care (0.14%), Chemicals (0.38%), Media (0.51%)

      • Underperformers

        • Autos & Parts (1.64%), Technology (1.60%), Basic Resources (1.59%), Travel & Leisure (1.56%), Ind Goods & Svcs (1.42%), Retail (1.16%), Construct & Mtls (1.09%), Financial Svcs (1.08%), Real Estate (0.96%), Telecom (0.86%), Banks (0.76%)

    • Macro:

      • Central banks:

        • Isabel Schnabel to leave ECB early to join IMF -- FT

        • BoE's Breeden: 'Increasingly appropriate' for rates to respond to rising inflation -- Reuters

      • EU:

        • The EU's new packaging rules are a bureaucratic bungle -- The Economist

        • Alarm bells sound in Brussels as EU sales of Chinese hybrid cars rocket -- Guardian

      • UK:

        • Global bond sell-off piles new pressure on UK borrowing costs before budget -- Guardian

        • UK bank tax receipts jump 20% following surge in profits -- FT

        • Britain has returned to a world of fantasy economics -- Telegraph

      • Germany:

        • Rare good news for Merz as Germany's growth outlook jumps -- Politico

      • France:

        • France's confidence rebound is already running out of steam -- ThinkING

      • Italy:

        • Italy's finances? Look beyond the decimal -- Decode39

    • EU companies reporting tomorrow:

      • Earnings:

        • DACHs: Schloss Wachenheim (SWA.GR)

        • France: Afyren (ALAFY.FP)

        • Nordics: Pyrum Innovations (PYRUM.NO)

        • Southern Europe: Thessaloniki Port Authority (OLTH.GA)

        • UK: Bango (BGO.LN)

  • Data:

    • Economics:

      • Germany Sep IFO Business Climate 89.9 vs consensus 89.0 and prior 88.8

      • France Sep

        • Consumer Confidence 86 vs consensus 85 and prior revised to 86 from 86

        • Manufacturing Business Climate 101 vs consensus 102 and prior revised to 101 from 103

        • Business Survey 96.4 vs consensus 98 and prior revised to 97.8 from 98.1

      • Spain Aug PPI y/y 13.2% vs consensus +9.6% and prior revised to +9.4% from +9.2%

    • Markets:

      • WTI Crude (26-Nov): +$4.13 or +4.48% to $96.29

      • €-$ (0.0018) or (0.16%) to 1.1368

      • £-$ (0.0023) or (0.17%) to 1.3216

      • €-£ +0.0001 to 0.8601

      • S&P 500 (0.48%)

      • Performance year-to-date:

        • FTSE 100: +7.54%

        • DAX: +3.17%

        • CAC: (0.84%)

        • MIB: +14.68%

        • Stoxx 600: +7.47%

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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