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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.61%, DAX closed

May 01 ,2025

  • Synopsis

    • The majority of European markets are closed for the Labor Day/May Day holiday, with only FTSE 100 and Denmark open. Asia equities trading higher Thursday with most of the region offline for public holidays. Japan moderately higher while Australia swung to marginal gains. Hong Kong, mainland China, South Korea and India closed for Labour Day. Regional support coming from sharp gains in US futures after mixed performance in the cash session that rallied into the close on some likely month-end support.

    • In political developments, UK PM Starmer sees first major test at the ballot box with a parliamentary by-election in what has recently been a safe Labour seat of Runcorn and Helsby, the same day as local elections in England. MPs rise for Mayday Recess, returning on 6-May.

    • Macroeconomic updates in Europe today include: Switzerland Apr manufacturing PMI, UK Mar mortgage approvals, M4 money supply, Apr house price index - Nationwide. Yesterday, most notable macro catalyst was the Q1 GDP print, which fell into contraction territory for the first time since 2022.

    • Looking ahead to tomorrow, the ECB is expected to publish its latest Economic Bulletin at 10:00CET.

    • In corporate news, Airbus SE (AIR.FP) reported Q1 earnings yesterday after the close including Q1 EBIT €624M ex-items vs consensus €602.0M and reaffirmed its 2025 guidance. Still in France, DBV Technologies (DBV.FP) also issued a Q1 update. Out of the Nordics, GN Store Nord (GN.DC) released Q1 numbers and announced actions capable of mitigating the majority of the assumed tariff impact on the EBITA margin in 2025 as well as updated its guidance. This morning, Alm. Brand (ALMB.DC) and Netcompany Group (NETC.DC) reported Q1 earnings.

    • CMD/events: Haleon (HLN.LN)

  • Politics/Macro/World News

    • US signs historic natural resources deal with Ukraine after intense negotiations - BBC

    • Treasury Announces Agreement to Establish United States-Ukraine Reconstruction Investment Fund - press release

    • Trump OKs First Cash Weapons Sale to Kyiv, Partly Lifts Hold on Ukrainian Military Aid - Kyivpost

    • Trump's trade policy offers the EU an unexpected opportunity, f it can grab it - Politico

    • EU to Present New Trade Proposals to US Negotiators Next Week - Bloomberg

  • Top company news

    • Earnings/updates

      • AIR.FP (Airbus SE) -- reports Q1 EBIT €624M ex-items vs consensus €602.0M; reaffirms 2025 guidance

      • DBV.FP (DBV Technologies) -- reports Q1 EPS ($0.26) vs FactSet ($0.24) [1 est]; provides cash outlook

      • GN.DC (GN Store Nord) -- reports Q1 EPS DKK0.49 vs consensus DKK1.27

        • takes actions capable of mitigating the majority of the assumed tariff impact on the EBITA margin in 2025; updates guidance

      • TEP.FP (Teleperformance) -- reports Q1 revenue €2.61B vs FactSet €2.63B [3 est, €2.62-2.63B]; 2025 objectives confirmed

      • RED.SM (Redeia Corporacion) -- reports Q1 net income €145.2M vs FactSet €142.2M [6 est, €134-173.2M]

      • TFI.FP (TF1) -- reports Q1 net income €15M vs year-ago €30M

      • NB2.GR (Northern Data) -- provides updated FY25 guidance; now expects Adjusted EBITDA of €80-130M

      • SRP.FP (SRP Groupe) -- reports Q1 revenue €127.5M, (16%) vs year-ago €152.6M

      • ALMB.DC (Alm. Brand) -- reports Q1 EPS DKK0.20 vs FactSet DKK0.24 [5 est, DKK0.18-0.31]; on track to meet ambitious targets

      • NETC.DC (Netcompany Group) -- reports Q1 EPS DKK2.56 vs FactSet DKK3.05 [7 est, DKK2.51-3.36]; confirms FY guidance

    • M&A

      • IDS.LN (International Distribution Services) -- EP Corporate Group's offer for International Distribution Services declared unconditional

      • SAB.SM (Banco de Sabadell) -- Spain's CNMC approves BBVA's acquisition of Banco de Sabadell, subject to compliance with the commitments submitted by BBVA (post EU close 30-Apr)

      • ELLAKTOR.GA (Ellaktor) -- signs agreement with Aktor Societe Anonyme Holding Company Technical and Energy Projects for the sale of Aktor Concessions SA

      • VIV.FP (Vivendi) -- files an appeal with the French Supreme Court against the ruling of the Paris Court of Appeal

      • IDS.LN (International Distribution Services) -- announces special dividend of 8p per share following EP Corporate Group's offer becoming unconditional

      • VX8A.SW (voxeljet) -- announces financial restructuring with StaRUG procedure after general meeting rejects approval of sale of business to Anzu

      • RF.FP (Eurazeo) -- acquires the remaining shares in Kurma Partners; terms not disclosed

      • GCO.SM (Grupo Catalana Occidente) -- Inoc SA shareholders approve takeover of Grupo Catalana Occidente

      • AMP.SM (Amper) -- completes previously announced acquisition of remaining 49% stake in Electrotécnica Industrial Naval

    • Healthcare

      • GSK.LN (GSK Plc) -- GSK reports MATINEE Ph 3 trial results on Nucala published in New England Journal of Medicine

      • NOVO.B.DC (Novo Nordisk) -- Phase 3 ESSENCE trial with Wegovy for MASH published by NEJM

    • Other

      • OMV.AV (OMV) -- Masdar and OMV sign non-binding LOI to partner in the production of green hydrogen, synthetic sustainable aviation fuels, and other synthetic chemicals

      • NEL.NO (NEL ASA) -- announces Statkraft has cancelled the 40 MW alkaline electrolyser contract

      • MMB.FP (Lagardere) -- provides description of its share buyback program 2025-2026

      • FTK.GR (flatexDEGIRO) -- Chief Risk Officer Matthias Heinrich stepping down; effective 30-Apr

      • DG.FP (VINCI SA) -- VINCI announces determination of final price of additional €150M tap issue of non-dilutive convertible bonds

      • TEP.FP (Teleperformance) -- announces two new AI partnerships

  • Key rating changes

    • Upgrades

      • RCO.FP (Remy Cointreau) -- to equal weight from underweight at Barclays

      • AIR.FP (Air France-KLM) -- to hold from sell at Deutsche Bank

  • Data

    • Nikkei +1.32% to 36521.67

    • Hang Seng +0.00% to 22119.41

    • Shanghai Composite +0.00% to 3279.03

    • S&P futures +62.0 vs prior close of 5587.0

    • €-$ (0.0032) or (0.28%) to 1.1300

    • $-¥ +1.03 or +0.72% to 144.09

    • €-¥ +0.72 or +0.44% to 162.78

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.
Please refer to "Terms Of Use".

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