Newsquawk Daily European Equity Opening News - 22nd December 2025

ASIA

APAC stocks kicked off the week with gains across the board as the region coat-tailed on the strength seen stateside. Tech outperformance continued across the region. ASX 200 edged higher as miners tracked gains in gold prices, with the yellow metal buoyed by a weekend packed with geopolitics. Nikkei 225 was the clear outperformer as it topped 50.5k as the index cheered the post-BoJ JPY weakness on Friday alongside the global tech rally, whilst simultaneously overlooking the continuing rise in JGB yields. KOSPI was underpinned by its tech sector and following a month-to-date rise in exports. Hang Seng and Shanghai Comp conformed to the risk tone but with upside shallower than the above peers, with the PBoC LPR left unchanged as expected, whilst reports on Friday suggested US lawmakers urged the Pentagon to add DeepSeek and Xiaomi to the list of firms allegedly aiding the Chinese military.

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +0.29% at 5,758, Dax 40 +0.40% at 24,296, FTSE 100 +0.58% at 9,895, CAC 40 +0.01% at 8,151, FTSE MIB +0.61% at 44,734, IBEX 35 +0.22% at 17,170, PSI +1.03% at 8,212, SMI +0.20% at 13,159, AEX +0.48% at 945.

SECTORS: Energy 1.06%, Utilities 0.95%, Healthcare 0.89%, Financials 0.71%, Industrials 0.45%, IT 0.35%, Materials 0.12%, Telecoms -0.08%, Consumer Disc -0.43%, Consumer Stpl -0.56%.

FTSE 100

Antofagasta (ANTO LN) - Co. reportedly agrees 2026 copper treatment and refining charges of USD 0/ton with a Chinese smelter, via Reuters. (Reuters)

AstraZeneca (AZN LN) - Co. has entered into an agreement with Jacobio Pharma (1167 HK). Jacobio and AstraZeneca will jointly develop and commercialise JAB-23E73 in China, while AstraZeneca will receive exclusive development and commercialisation rights outside of China. (Jacobio Pharma)

OTHER UK COMPANIES

BROKER MOVES

DAX

German Autos - The German IW writes that German auto exports to the US are down 13.9% Y/Y in the first three quarters of 2025; the study goes on to suggest that a "significant" recovery in German exports to the US is improbable, adding that this is the "new normal". (Reuters)

OTHER GERMAN COMPANIES

BROKER MOVES

CAC

Air Liquide (AI FP) - The Teamsters union have filed nationwide unfair labour practice charges against the Co.’s Airgas for violating numerous federal labour laws. (Teamster)

Credit Agricole (ACA FP) - Co. announces the reduction of resources to the liquidity contract with Kepler Cheuvreux; a redemption of EUR 1.5mln was made to the Liquidity account on December 19, 2025. (Credit Agricole Group)

OTHER FRENCH COMPANIES

Ipsen (IPN FP) - Co. gains exclusive global rights, outside of greater China, for development, manufacturing and commercialization of Simo613 according to Reuters sources. Co. also expands early development pipeline with Simcere Zaiming innovative antibody drug conjugate, with Simcere Zaming eligible for up to USD 1.08bln in payments. (Reuters)

BROKER MOVES

PAN EUROPE

Saipem (SPM IM) - Saipem was awarded an offshore EPCI contract by QatarEnergy LNG, worth approx. USD 4bln; Saipem's share amounts to around USD 3.1bln. (Saipem)

Telecom Italia (TIT IM) - Italy's high court has ruled in favour of the Co., in relation to its concession fee case; Telecom Italia is now owed approx. EUR 1bln, which could now allow the Co. to restart dividend payments. (Telecom Italia)

Pharmaceuticals - Several drugmakers have signed deals with the US administration to voluntarily cut prices. Companies include GSK (GSK LN), Sanofi (SAN FP), Novartis (NOVN SW) and Roche’s Genentech (ROG SW). (Newswires)

BROKER MOVES

SMI

Holcim (HOLN SW) - Swiss court admits climate complaint from residents of Indonesians Island of Pari against Holcim. Holcim says it intends to appeal courts decision. (Newswires)

Roche (ROG SW) - FDA approves Co’s Genentech’s Lunsumio Velo for subcutaneous use in relapsed or refractory follicular lymphoma. Common adverse reactions include fatigue and rash. (Newswires)

OTHER SWISS COMPANIES

Clariant (CLN SW) - Co. rejects allegations from Mol Group and Braskem against four companies related to 200 competition law infringement. (Newswires)

BROKER MOVES

SCANDINAVIA

BROKER MOVES

US

CLOSES: ES +0.88%, NQ +1.31%, RTY +0.86%.

SECTORS: Tech +2.03%, Industrials +0.88%, Health +0.7%, Financials +0.58%, Comm. Services +0.51%, Materials +0.46%, Energy +0.07%, Cons. Disc -0.31%, Real Estate -0.34%, Cons. Stpl -0.49%, Utilities -1.34%

Apple (AAPL) - Co. will reportedly launch two new AI wearable devices next year, including AI glasses and AI AirPods, according to MoneyUDN, citing supply chain sources.

Insurance Names - US President Trump on Friday said he would call a meeting of insurance companies in the coming weeks to push them to cut prices and stay in the system.

22 Dec 2025 - 07:01- MetalsExclusive- Source: Newsquawk