![\"\"](\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\"){kind=logo}
\n ADVERTISEMENT<\/p>\n
\n ADVERTISEMENT<\/p>\n
September has long carried an unfavourable reputation for global equity markets, and European stocks are no exception. <\/p>\n
Historical data reveals that the month consistently delivers weak performances for major continental indices, echoing the negative seasonal pattern seen on Wall Street.<\/p>\n
Over the past 30 years, the Euro Stoxx 50 index, Europe\u2019s leading blue-chip benchmark, has posted an average September loss of 1.56%, narrowly trailing August\u2019s 1.59% decline, which ranks as the worst month of the year. In 15 of those 30 years, the index closed the month in the red, underscoring a near-coin toss probability of a negative outcome.<\/p>\n
The negative seasonality remains intact even when narrowing the lens to the past decade. Since 2014, the Euro Stoxx 50 has recorded an average 1% drop in September, with six out of ten instances ending in losses.<\/p>\n
And it\u2019s not just the Euro Stoxx 50 feeling the September slump. The broader Euro Stoxx 600, which captures a wider slice of the market, has also stumbled during this month, with an average loss of 0.96% since its launch in 2002. <\/p>\n
That mirrors the S&P 500\u2019s performance, which has lost about 1% on average during the same month over recent decades, the worst return of any month for US equities.<\/p>\n
The September seasonal weakness in equity markets may be linked to a confluence of factors: post-summer rebalancing by institutional investors, renewed macroeconomic uncertainty heading into the year-end, and traditionally lower trading volumes following the holiday period.<\/p>\n
National indices not spared<\/p>\n
Across Europe\u2019s major country indices, the September effect is equally pronounced. <\/p>\n
Germany\u2019s DAX index has delivered an average return of -1.62% in September, second only to August in terms of weakness, with a winning rate of just 47%. <\/p>\n
France\u2019s CAC 40 fares similarly, averaging a 1.49% decline in September, its poorest month of the year, although it manages a slightly better 53% winning rate. <\/p>\n
Italy\u2019s FTSE MIB index, while averaging a flat 0% return in September over the long term, is currently on a streak of four consecutive negative Septembers. <\/p>\n
10 European stocks suffer steepest September setbacks<\/p>\n
At the individual stock level, several of Europe\u2019s heavyweight names have demonstrated a persistent pattern of September underperformance, with average losses outpacing their monthly norms and, in many cases, marking September as the worst-performing month of the year. <\/p>\n
Infineon (Germany): The semiconductor group has an average September loss of 6.13%, its weakest month historically. The stock has closed lower in four consecutive Septembers, with its worst drop of 52.34% occurring in 2001. <\/p>\n
Vivendi (France): With a dismal 33% winning rate in September and an average loss of 4.07%, the French media firm experienced a record monthly drop of 66% in 2021.<\/p>\n
Airbus (Netherlands\/France): The aerospace giant has fallen in six straight Septembers, averaging a 4.01% decline. Its worst September came in 2001, with shares plunging 37.04%. <\/p>\n
LVMH (France): Europe\u2019s largest luxury group averages a 3.42% September drop, despite a marginally better 53% win rate. The worst September loss came in 2001, at -34.71%. <\/p>\n
Soci\u00e9t\u00e9 G\u00e9n\u00e9rale (France): The French bank posts an average September return of -3.11%, with a 47% win rate. Its most severe drop was -40.38% in 1998. <\/p>\n
Schneider Electric (France): The electrical equipment firm has an average September return of -2.16%, with its steepest fall of 34.43% occurring in 2001. <\/p>\n
E.ON (Germany): The utility company averages a 2.18% September loss with a 43% winning rate. Its worst drop came in 2015, at -24.03%. <\/p>\n
Deutsche Post AG (Germany): The logistics and courier group averages a 1.97% loss in September. It saw its sharpest monthly decline of -22.41% in 2002. <\/p>\n
Kering (France): Another luxury player, Kering averages a 1.76% drop in September with a 43% win rate. The worst September came in 2002 (-23.35%), and the stock is currently on a four-year losing streak. <\/p>\n
SAP (Germany): Europe\u2019s largest software company averages a 1.6% September decline. A six-year streak of negative Septembers ended in 2024, though the stock once dropped 40.98% in the month back in 2002.<\/p>\n","protected":false},"excerpt":{"rendered":"ADVERTISEMENT September has long carried an unfavourable reputation for global equity markets, and European stocks are no exception.…\n","protected":false},"author":2,"featured_media":5138,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[6776,138,6775,220,111,139,69,6777,6778],"class_list":{"0":"post-5137","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-airbus","9":"tag-business","10":"tag-lvmh","11":"tag-markets","12":"tag-new-zealand","13":"tag-newzealand","14":"tag-nz","15":"tag-performance","16":"tag-sap"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/5137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=5137"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/5137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/5138"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=5137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=5137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=5137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}