European Equity Markets Update

European equity markets have been experiencing a significant downturn in recent years, with the Euro Stoxx 50 index declining by over 20% in 2022. This decline was largely driven by the ongoing Russia-Ukraine conflict.

The conflict has led to a significant increase in inflation across the continent, with the European Central Bank (ECB) raising interest rates to combat the rising prices. This has made borrowing more expensive for consumers and businesses, further exacerbating the economic downturn.

The economic uncertainty has also led to a decline in investor confidence, with many investors pulling their money out of European equities and into safer assets like bonds. This has resulted in a significant outflow of capital from European equity markets.

Despite the challenges, there are still opportunities for investors to profit from European equities, particularly in industries that are less affected by the economic downturn, such as healthcare and technology.

Euronext has launched the Euronext Access market in Dublin, aimed at supporting companies in their growth journey.

In January 2025, Euronext saw a significant number of listings across its markets. On Euronext Oslo Børs, Integrated Wind Solutions raised NOK 30 million, with a market capitalisation of NOK 1.7 billion.

Several companies have successfully listed on Euronext in recent months. In Paris, Rebirth listed on Euronext Growth with a market capitalisation of EUR 38 million, while Younited listed on Euronext with a market capitalisation of EUR 622 million.

Here are some notable listings on Euronext in the past few months:

Euronext has also seen notable listings in other European cities, including Milan and Amsterdam. In Milan, Haiki+ listed on Euronext Growth with a market capitalisation of EUR 75.2 million, while UBALDI COSTRUZIONI listed on Euronext Growth with a market capitalisation of EUR 19.2 million.

We're excited to announce the launch of Euronext Access in Dublin, a new market aimed at supporting growing companies. This new platform offers a great opportunity for businesses to expand their reach and achieve their goals.

Euronext Access in Dublin provides fast and easy access to European markets. By listing on this market, companies can tap into a vast pool of investors and increase their visibility.

Integrated Wind Solutions, a company listed on Euronext Oslo Børs, has already seen the benefits of being part of the Euronext family. With a market capitalization of NOK 1.7 billion and capital raised of NOK 30 million, they've been able to achieve their business goals.

Here are some key statistics about companies that have listed on Euronext markets:

By listing on Euronext markets, companies can gain access to a broader investor base and increase their visibility.

Euronext Oslo Børs saw its first transfer of the year on March 2, 2025, with a market capitalisation of NOK 1.7 billion.

This year, Euronext added another listing to its roster, with the 4th listing on Euronext and 2nd listing on Euronext Paris in 2025.

Euronext Paris hosted a notable bond issuance on January 31, 2025, where Île-de-France Mobilités raised €1 billion in its first bond aligned with the European EU Green Bond Principles.

Here are the key Euronext press releases from early 2025:

European markets started the day firmly in the green, with the U.K.'s FTSE 100 index trading 0.7% higher at 8:20 a.m. London time.

The DAX in Germany was up 0.52%, France's CAC was 0.49% higher, and Italy's FTSE MIB was up 0.51%. Tech stocks were among the best performers, rising 1.1%.

Games Workshop shares surged more than 16% on Friday, notching an all-time high after the company delivered an upbeat trading outlook.

Games Workshop shares surged more than 16% on Friday, notching an all-time high after the company delivered an upbeat trading outlook.

This significant gain is a testament to the company's strong performance and investor confidence.

Shares of Thales, a France-based technology and defense company, fell over 6% after British and French authorities said they were investigating suspected bribery and corruption at the company.

The euro has hit a two-year low against the dollar after a disappointing flash PMI data release. The euro slumped to its lowest level since December 2022.

The data showed that euro zone business activity fell sharply in November, with the S&P Global's HCOB flash composite Purchasing Managers' Index coming in at 48.1, down from 50.0 in October. This is a clear indication of contraction.

Analysts polled by Reuters had expected no month-on-month change, but the actual reading was lower than expected. This has boosted expectations for a jumbo interest rate cut from the European Central Bank next month.

Germany's business activity also fell for the fifth consecutive month and at the fastest pace since February. The S&P Global's HCOB flash composite Purchasing Managers' Index came in at 47.3 in November, down from 48.6 in October.

This is not an isolated incident, as business activity in France also contracted at its fastest pace since January. The composite PMI output index fell to 44.8 in November, down from 48.1 in the previous month.

The common theme seen throughout company anecdotal responses during November was weaker demand, with both commercial clients and households reportedly lowering their interest in French goods and services.

The European markets opened firmly in the green on this day, with all sectors performing well. The UK's FTSE 100 index was trading 0.7% higher at 8:20 a.m. London time.

The DAX in Germany was up 0.52%, while France's CAC was 0.49% higher. Italy's FTSE MIB was also in the green, up 0.51%.

Tech stocks were among the best performers, rising 1.1%. This is a promising sign for the tech industry, and it's great to see them doing well.

The UK's FTSE 100 index was expected to open 33 points higher at 8,184, according to data from IG. Germany's DAX was expected to open 28 points higher at 19,174, while France's CAC was expected to open 5 points higher at 7,221.

Games Workshop, a British company, saw its shares surge more than 16% on this day, notching an all-time high. This was due to an upbeat trading outlook from the miniature wargame maker.

The British pound fell to a six-month low against the U.S. dollar following U.K. retail sales data. This was after the country's Office for National Statistics reported a 0.7% decline in retail sales volumes for October.

The decline was well below economists' expectations of a 0.3% decline, according to a Reuters poll. Sterling dropped to around $1.2555 following the data release, its lowest level since the middle of May.

By 7:38 a.m. London time, the pound had pared some losses, trading down 0.16% at $1.2566.