Capital Markets Fact Sheet
The Capital Markets Fact Sheet provides quarterly figures of all asset classes traded on FESE Members.
The performance of European capital markets in the fourth quarter of 2024 remained mixed, according to data from the FESE membership. While there were signs of resilience, including improved investment flows, stable IPO activity and growth in bond derivatives, securitised derivatives and ETFs, market dynamics were influenced by ongoing significant geopolitical risks and economic uncertainties, particularly regarding the potential for further monetary policy loosening.
Equity: The number of listed companies and market capitalisation fell compared to Q3. Although the number of new listings decreased, it stayed above the levels seen in the first half of 2024. Total investment flows rose in Q4 relative to Q3. The number of equity trades declined for the fourth consecutive quarter, while turnover picked up.
Derivatives: Notional turnover increased in Q4 compared to Q3, primarily due to higher bond derivatives turnover, while trends in other derivative categories were mixed.
Other instruments: Turnover for all other instruments decreased compared to the previous quarter, except for the securitised derivatives and ETFs. Market capitalisation for investment funds increased slightly.