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Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 (1.08%) to 10764.69, DAX (1.18%) to 25319.77, CAC40 (1.11%) to 7868.05, STOXX 600 (0.80%) to 639.56

Oct 19 ,2026

  • Synopsis:

    • European equity markets closed lower, bit off worst levels. France lagging on civil unrest. Banks, basic resources and industrials lead the selloff. Tech and energy the notable gainers. Follows last week's positive performance.

    • Downbeat sentiment in Europe after last week's positive performance largely due to defensive rotation. Bond markets stabilized but cost of living pressures remain in the spotlight with energy costs elevated. Against this backdrop, French civil unrest in the headline with recent protests worsening over the weekend. Some reports highlighting worries across the region with elections next year in several countries. Has contributed to some of the weakness in the euro, which has also been blamed on increase in Ukraine-Russia tensions. French stocks, especially banks, and French bonds the biggest decliners on the day. ECB President Lagarde said bond selloff to slow inflation, reinforcing expectations of unchanged policy this month.

    • Attention also remains on AI trade. Lot of focus lately on AI financing and rising funding costs increasing pressure on balance sheets. CoreWeave source of latest angst amid spike in its yields and CDS spreads. IPO timelines in doubt with Bloomberg sources noting Nscale investors urging it to lower valuation target and Microsoft withdrawing from Nscale UK data center deal. China competition another focus after DeepSeek released updated V4.1-Flash on weekend with stronger performance metrics. Outside of AI, weekend headlines revolved around return of safe-haven status for Treasuries, Trump's framing of Russia deals as necessary to keep peace talks alive, Houthi advances in Yemen, inflation pressure (food, travel), rate surge impact on CRE, and US fiscal imbalances.

    • Quiet start to the week in Europe for macro updates. Latest update from property portal Rightmove highlighted increase in UK asking prices for newly listed properties despite fragile sentiment.

    • In corporate news flow; in Norway, Mowi (MOWI.NO) shares are trading higher post Q3 update with operating EBIT ahead of consensus, while Arctic Fish Holding (AFISH.NO) shares are down on worse-than-expected operational EBIT. Out of DACHs, DHL (DHL.GR), Norma Group (NOEJ.GR), BAWAG (BG.AV), ALSO Holding (ALSN.SW) out with Q3/9M updates; Chocoladefabriken Lindt & Spruengli (LISN.SW) announced CEO is stepping down. In M&A, JCDecaux (DEC.FP) reportedly in talks to acquire French outdoor-advertising operator Giraudy. DKSH Holding (DKSH.SW) to acquire NewBridge Pharmaceuticals for enterprise value of $390M.

    • Looking ahead to tomorrow's calendar (see - Europe Week Ahead: 19-Oct to 23-Oct attached)Telekom Austria (TKA.AV), Embla Medical hf (EMBLA.DC), Ponsse (PON1V.FH),OVHCloud (OVH.FP), La Française de l'Energie (FDE.FP), Deutsche Börse (DB1.GR), EuroTeleSites (7YF.GR), Mensch & Maschine Software (MUM.GR), Gigante Salmon (GIGA.NO), Hexagon Purus (HPUR.NO), Enagas (ENG.SM), Tele2 (TEL2.B.SS), Scandi Standard (SCST.SS), Lime Technologies (LIME.SS), Byggmax Group (BMAX.SS),ABB Limited (ABBN.SW) will be amongst other names to update investors, whilst the macro-calendar releases will include Germany Oct ZEW survey, Sep PPI, Italy Aug construction output, Spain Aug trade balance, Eurozone Aug construction output, Switzerland Sep trade balance (and monthly watch data), UK Sep claimant count change, Finland Sep unemployment rate, Portugal Sep PPI.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Technology +0.74%, Oil & Gas (0.30%), Health Care (0.32%), Food & Beverage (0.05%), Media (0.77%), Chemicals (0.21%), Retail (0.18%), Construct & Mtls (0.54%), Travel & Leisure (0.82%),

      • Underperformers:

        • Basic Resources (1.94%), Banks (2.13%), Autos & Parts (1.10%), Ind Goods & Svcs (1.08%), Utilities (1.99%), Telecom (1.06%), Persnl & HHold Goods (0.96%), Insurance (0.92%), Financial Svcs (0.96%), Real Estate (1.21%),

    • Macro/Peripheral markets:

      • Geopolitics

        • Ukraine receives partial intelligence on Russian ballistic missile strikes - FT

        • Houthi attack kills 53 at Yemen government training camp, officials say - Reuters

      • EU

        • French bond sell-off spreads across Europe - The Telegraph

        • EU drops push for global ban on Arctic drilling - FT

      • UK

        • Profit warnings from UK-listed firms at highest level in two years as Iran war drives up costs - The Guardian

        • Home sellers cut asking prices on 3,000 properties a day - BBC

        • Third of investors ready to stop UK spending after budget - The Times

        • UK risks becoming 'AI customer' rather than creator, advisers warn - Reuters

      • France

        • French PM calls for partial curfews as he condemns 'thieves' and 'thugs' behind riots - BBC

        • Macron starts Gulf tour after protests and violence in France - Le Monde

      • Germany

        • German Inflation Risks Clearly Tilted to Upside, Bundesbank Says - Bloomberg

      • Sweden

        • Sweden's Centre Party leader to explore forming government - Reuters

      • Italy

        • Italian police detain hundreds as stores looted in weekend unrest in Milan - Reuters

      • Norway

        • Norway Data Center Firm Hunts for Partner on Canada-Europe Fiber Link - Bloomberg

    • Company news:

      • Trading Higher:

        • +52.7% POXEL.FP (Poxel €0.23, +0.08) -- Q3 revenue

        • +9.1% OCDO.LN (Ocado Group £3.18, +0.26) -- Morgan Stanley upgrade

        • +6.6% PETS.LN (Pets At Home Group £2.36, +0.15) -- Peel Hunt upgrade

        • +3.5% MOWI.NO (Mowi NOK213.20, +7.20) -- Q3 earnings

        • +3.2% WKL.NA (Wolters Kluwer €84.10, +2.58) -- PT increased at JPMorgan

        • +2.6% MUL.LN (Mulberry Group £2.35, +0.06) -- H1 trading update

        • +2.5% COLR.BB (Colruyt Group €36.54, +0.88) -- Codifrance acquisition for an EV of €152M

        • +2.2% RUI.FP (Rubis €36.12, +0.78) -- new governance structure

      • Trading Lower:

        • -14.4% NYXH.BB (Nyxoah €0.86, -0.14) -- prelim Q3 earnings; lowers FY revenue guidance

        • -10.7% VLX.LN (Volex £5.69, -0.68) -- H1 trading update

        • -5.7% ELIOR.FP (Elior Group €1.76, -0.11) -- BNP Paribas Exane downgrade

        • -4.8% HLG.GR (Highlight Communications €0.59, -0.03) -- Estimated weekend box office revenues in US, Canada $102.3M, +50.7% y/y - Box Office Mojo

        • -3.8% OSE.FP (OSE Immunotherapeutics €2.08, -0.08) -- study results

        • -3.5% MGAM.LN (Morgan Advanced Materials £2.75, -0.10) -- Citi downgrade

        • -3.3% ITM.LN (ITM Power £0.89, -0.03) -- FY earnings

        • -2.6% SQZ.LN (Serica Energy £2.73, -0.07) -- 9M trading update

        • -2.5% III.LN (3i Group £24.06, -0.62)

        • -2.4% CA.FP (Carrefour €16.22, -0.40) -- Codifrance acquisition for an EV of €152M

        • -2.1% IMB.LN (Imperial Brands £28.18, -0.61) -- Jefferies downgrade

    • EU companies reporting tomorrow::

      • Earnings:

        • Austria: Telekom Austria (TKA.AV)

        • Denmark: Embla Medical hf (EMBLA.DC)

        • Finland: Ponsse (PON1V.FH)

        • France: OVHCloud (OVH.FP), La Française de l'Energie (FDE.FP)

        • Germany: Deutsche Börse (DB1.GR), EuroTeleSites (7YF.GR), Mensch & Maschine Software (MUM.GR)

        • Norway: Gigante Salmon (GIGA.NO), Hexagon Purus (HPUR.NO)

        • Southern Europe: Enagas (ENG.SM)

        • Sweden: Tele2 (TEL2.B.SS), Scandi Standard (SCST.SS), Lime Technologies (LIME.SS), Byggmax Group (BMAX.SS)

        • Switzerland: ABB Limited (ABBN.SW)

      • Trading Update:

        • Benelux: Barco (BAR.BB), Econocom Group (ECONB.BB)

        • DACHs: HUBER+SUHNER (HUBN.SW), COMET Holding (COTN.SW)

        • France: Vivendi (VIV.FP), EssilorLuxottica (EL.FP), Cie Generale des Etablissements Michelin SA (ML.FP), Carrefour (CA.FP), VusionGroup (VU.FP), La Française de l'Energie (FDE.FP), Sidetrade (ALBFR.FP), La Française de l'Energie (FDE.FP), Mauna Kea Technologies (ALMKT.FP)

        • UK: Anglo American (AAL.LN), Sabre Insurance Group (SBRE.LN), BHP (BHP.LN)

      • CMD/Events: Fourlis Holdings (FOYRK.GA), Currys (CURY.LN) introductory presentation at 12noon BST via the Investor Meet Company platform, Compagnie Chargeurs Invest (CRI.FP) EGM (vote on share cancellation), Norion Bank (NORION.SS) EGM (vote on reduction of share capital through cancellation of shares)

  • Data:

    • Economics:

      • N/A

    • Markets:

      • WTI Crude (Nov 26): ($0.90) or (0.89%) to $100.51

      • €-$ +0.0031 or +0.28% to 1.1218

      • £-$ +0.0005 or +0.04% to 1.3313

      • €-£ +0.0019 to 0.8426

      • S&P 500 +0.90%

      • Performance year-to-date

        • FTSE 100: +8.39%

        • DAX: +3.39%

        • CAC: (3.45%)

        • MIB: +9.22%

        • Stoxx 600: +8.00%

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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