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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures FTSE +0.53%, DAX +0.49%, CAC40 +0.42%

Aug 15 ,2025

  • Synopsis

    • European equity markets are indicated for a positive open amidst mostly higher Asian equities Friday. Hang Seng weighed down by food delivery companies following JD.com's earnings. Mainland China firming with Shenzhen Comp at highest since early 2022. Japan rebounding from Thursday's pullback while Australia and Taiwan benchmarks seeing mild gains. Korea closed for public holiday. S&P 500 futures marginally higher afterhours. Cyprus, Greece, Italy and Poland are closed for Assumption Day holiday.

    • in central banks, Czech central bank publishes minutes if its last MPC meeting.

    • Macro data due include a slew of UK Jun data including trade balance, industrial/manufacturing production and Jul monthly GDP tracker - NIES as well as Switzerland Q2 preliminary GDP and Norway Jul trade balance.

    • A light earnings front kicked off with VZ Holding (VZN.SW) reporting H1 net income CHF112.0M vs FactSet CHF108.5M whilst Deutsche EuroShop (DEQ.GR) is out with H1 FFO €0.98 vs year-ago €1.06. In the Nordics, Pandora (PNDORA.DC) reported Q2 EPS DKK10.30 vs consensus DKK10.08, confirmed FY25 guidance and said current trading in July has seen LFL growth at ~2%. Tokmanni (TOKMAN.FH) and Bjorn Borg (BORG.SS) also released results.

    • Also due to report today are NKT (NKT.DC), Fortum (FORTUM.FH) and NIBE Industrier (NIBE.B.SS).

  • Macro

    • Putin ready to make Ukraine deal, Trump says before Alaska summit - Guardian

  • Top company news

    • Earnings/updates

      • DACHs:

        • SIS.GR (First Sensor) -- reports 9M net income (€6.4M) vs year-ago €3.3M

        • GLKBN.SW (Glarner Kantonalbank) -- reports H1 net income CHF9.4M vs FactSet CHF10.9M [1 est]

        • SIS.GR (First Sensor) -- reports 9M net income (€6.4M) vs year-ago €3.3M

        • VZN.SW (VZ Holding) -- reports H1 net income CHF112.0M vs FactSet CHF108.5M [2 est, CHF107-109.9M]

        • DEQ.GR (Deutsche EuroShop) -- reports H1 FFO €0.98 vs year-ago €1.06

      • Nordics:

        • PNDORA.DC (Pandora) -- reports Q2 EPS DKK10.30 vs consensus DKK10.08; maintains FY25 guidance and current trading in July has seen LFL growth at ~2%

        • ANORA.FH (Anora Group) -- reports Q2 EPS €0.03 vs FactSet €0.05 [5 est, €0.04-0.07]; accelerating actions to improve financial performance

        • BORG.SS (Bjorn Borg) -- reports Q2 EPS SEK0.16 vs FactSet SEK0.31 [2 est, SEK0.28-0.35]

        • TOKMAN.FH (Tokmanni Group) -- reports Q2 EPS €0.17 vs FactSet €0.16 [6 est, €0.14-0.18]; confirms FY guidance

        • DORO.SS (Doro) -- reports Q2 EPS SEK0.26 vs year-ago SEK0.58

        • EG7.SS (Enad Global 7) -- reports Q2 adj EPS SEK0.11 vs year-ago (SEK0.35)

    • M&A

      • SPSN.SW (Swiss Prime Site) -- acquires modern office property in Lausanne; property's current rent CHF4.75M per year

      • BBVA.SM (Banco Bilbao Vizcaya Argentaria) -- BBVA has appealed Spain's ban on integrating Sabadell after the deal -- BBG, citing El Espanol

      • SFOR.LN (S4 Capital) -- MSQ Partners rules out potential merger with S4 Capital - AdWeek

      • RF.FP (Eurazeo) -- enters exclusive discussions with Inspired Pet Nutrition regarding sale of its stake in Ultra Premium Direct

      • SPSN.SW (Swiss Prime Site) -- acquires modern office property in Lausanne; property's current rent CHF4.75M per year

      • RBC (RY.CN) and BMO (BMO.CN) reportedly exploring sale of their Canadian payments JV Moneris -- Reuters

      • IRH considering bid for Kestrel coal mine - The Australian

      • Macquarie Asset's Green Investment Group shortlists six bidders for Vibrant Energy - Mint

      • Evelyn Partners' PE owners to launch sales process for the firm in coming months; will target potential suitors including NatWest and RBC - FT

    • Healthcare

      • OXB.LN (OXB) -- announces placing of new ordinary shares to raise ~£60M

      • SANN.SW (Santhera Pharmaceuticals Holding) -- extends Highbridge convertible bond to 30-Sep-25

    • Other

      • LINDEX.FH (Lindex Group) -- announces corporate restructuring programme has concluded; final report submitted for implementation

      • CRH.LN (CRH plc) -- Insider transaction: CRH plc COO Randy Lake discloses sale of 40K shares - Form 4

      • CMBT.BB (CMB.TECH) -- SEC filing: SCHEDULE 13D/A (Filed by Compagnie Maritime Belge NV)

      • RTX Corp. and BAE Systems named principal contractors for $346M sale to Government of Nigeria (yesterday, intraday afternoon)

      • XPeng, Volkswagen expand technical collaboration on E/E architecture

  • Key rating changes

    • Upgrades

      • NEWA.B.SS (New Wave Group) -- buy from hold at Danske Bank

      • EMBRAC.B.SS (Embracer Group) -- buy from hold at ABG Sundal Collier

      • NETC.DC (Netcompany Group) -- buy from hold at Nordea

      • AUTO.NO (AutoStore Holdings) -- to buy from hold at Pareto

    • Downgrades

      • RF.FP (Eurazeo) -- underperform from neutral at Autonomous Research

      • ETE.GA (National Bank of Greece) -- neutral from outperform at Autonomous Research

      • EMBRAC.B.SS (Embracer Group) -- to hold from buy at Handelsbanken

  • Data

    • Nikkei +1.63% to 43346.24

    • Hang Seng (1.07%) to 25246.69

    • Shanghai Composite +0.83% to 3697.00

    • S&P futures +15.5 vs prior close of 6490.5

    • €-$ +0.0020 or +0.17% to 1.1669

    • $-¥ (0.61) or (0.42%) to 147.15

    • €-¥ (0.40) or (0.23%) to 171.72

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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