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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.09%, DAX30 (0.21%), CAC40 +0.04%

Aug 29 ,2025

  • Synopsis

    • European indices are set to open mixed in line with Asian equities also mixed. Greater China outperforming though semis pulling back. Small decline in Japan while Australia and Korea little changed. Taiwan recording moderate gain.

    • S&P 500 futures flat

    • US equities were higher in Thursday trading as stocks ended near best levels. S&P 500 posted another fresh record close, above 6,500 level for first time. Big tech mostly higher, though NVDA lower after results.

    • Bloomberg reported market strategists from Goldman Sachs, Citigroup and JP Morgan Asset Management said contagion risk from French political situation is low. Highlighted that risk of another failed government in France already priced in and won't be enough to derail best year for European markets relative to US stocks in almost two decades.

    • Friday sees, in central banks, ECB's latest consumer expectations survey released at 10:00CET and ECB's Guindos speech at 11:00CET at event hosted by European Summer Course VII / FDN (Wed-Fri). Franco-German Council of Ministers (bilateral meeting between the German and French governments) will take place in Toulon.

    • Macroeconomic releases due today include: Germany Aug unemployment change, preliminary CPI, Jul retail sales, France Q2 final GDP, Aug preliminary CPI, Jul PPI, Italy Q2 final GDP, Aug preliminary CPI, Spain Aug preliminary CPI, Jul retail sales, Switzerland Aug leading indicator - KOF, UK Aug house price index - Nationwide,

    • In corporate news: Remy Cointreau revises estimated net overall impact of tariffs on Current Operating Profit from €45M to €30M; reaffirms objective of mid-single-digit annual organic sales growth

    • Earnings: Cie Financiere Tradition (CFT.SW) reports H1 net profit group share CHF70.2M vs FactSet CHF68.0M [2 est, CHF67.3-68.6M]. Ackermans & Van Haaren (ACKB.BB) reports H1 EPS €8.34 vs year-ago €6.12; strengthens FY guidance

  • Politics/Macro/World News

    • Dollar set for monthly drop on growing US rate cut wagers (Reuters )

  • Top company news

    • Earnings/updates

      • DG.FP (VINCI SA) -- Vinci reports July airport passenger traffic +3.6% y/y

      • NKT.DC (NKT A/S) -- receives "Request Before the Issuing of a Decision" from Antimonopoly Office of Slovak Republic

      • ECMPA.NA (Eurocommercial Properties) -- reports H1 Direct investment result per share €1.25 vs year-ago €1.24

      • ACKB.BB (Ackermans & Van Haaren) -- reports H1 EPS €8.34 vs year-ago €6.12; strengthens FY guidance

      • CPI.AV (CPI Europe) -- reports H1 FFO after-tax €131.30 vs year-ago €149.90

      • RECT.BB (Recticel) -- reports H1 net income (€0.3M) including items and unclear if comparable to FactSet €11.6M [1 est]

      • COSH.NO (Constellation Oil Services Holding) -- reports Q2 adjusted EBITDA $54.9M vs FactSet $45.1M [1 est]

      • AFKS.RU (Sistema) -- reports Q2 adjusted net income RUB50.2B

    • M&A

      • RUL.AU (RPMGlobal Holdings) -- Follow-up: Caterpillar submits takeover bid for RPMGlobal - Australian Financial Review

      • UCG.IM (UniCredit) -- further enters into additional instruments related to Alpha Bank shares, increasing stake to ~26%

      • WEIR.LN (Weir Group) -- PLC completes acquisition of Townley

      • NHF.AU (NIB Holdings) -- Zurich drops out of competition to acquire NIB Holding's travel insurance unit - The Australian

      • NEXTA.BB (Nextensa) -- sells its ~9% stake in Belgian REIT Retail Estates for €89.6M

      • Chindata's China data center business draws interest from local bidders - Bloomberg

    • Healthcare

      • BIIB (Biogen) -- FDA recommends additional MRI monitoring for patients taking Leqembi

      • SANN.SW (Santhera Pharmaceuticals Holding) -- Santhera Enters into agreement with Ikris Pharma Network for the Distribution of AGAMREE (Vamorolone) in India

    • Other

      • BA.LN (BAE Systems) -- awarded $1.74B US Navy contract

  • Key rating changes

    • Upgrades

      • CMBT.BB (CMB.TECH) -- to buy from hold at Kepler Cheuvreux

    • Downgrades

      • ITM.LN (ITM Power) -- to hold from buy at Peel Hunt

      • TIT.IM (Telecom Italia) -- downgraded to neutral from outperform at Oddo

  • Data

    • Nikkei (0.36%) to 42676.33

    • Hang Seng +0.59% to 25146.92

    • Shanghai Composite +0.08% to 3846.51

    • S&P futures (8.0) vs prior close of 6517.5

    • €-$ (0.0019) or (0.16%) to 1.1666

    • $-¥ +0.03 or +0.02% to 146.98

    • €-¥ (0.20) or (0.12%) to 171.47

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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