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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE (0.46%), DAX +0.04%, CAC +0.02%

Oct 09 ,2025

  • Synopsis

    • European equity markets are set to open flat to lower amid Asian equities advancing Thursday. Japan outperforming region with SoftBank a standout on latest deal news. Mainland China stocks outperforming Hong Kong. TSMC leading Taiwan semis. S&P 500 futures unchanged afterhours. Bonds mostly firmer with long-end JGBs stabilizing and Treasury curve bull flattening. Dollar weakening against majors after hitting two-month high. Crude extending losses after Trump announced Israel and Hamas agreed to first phase of peace plan. Gold pulling back from record high with silver under some pressure. Bitcoin also in retreat.

    • On today's agenda, Eurogroup meeting takes place, ECB's Lagarde and Cipollone among the participants and Informal meeting of EU ministers for telecommunication (through Fri). In Germany, Chancellor Merz will host the German Federal Government Automotive Dialogue (includes automobile manufacturers, suppliers, others), with press statement planned following the meeting. Also attends the Brand Assn's annual conf. Norway's defence minister Sandvik participates in the Army Summit 2025 conf. Russia's President Putin will make an official visit to Tajikistan and Estonian President Karis hosts an Arraiolos grou0p meeting (through Fri). EU's Kubilius speech at the Riga Conf (through Sat). EU's von der Leyen delivers opening speech at the 2-day Global Gateway Forum. Also on Thu, FT's metals and mining summit (through Fri) includes senior execs from global companies and Ottobock SE & Co. KGaA (+OTTO.GR) IPO is expected to start trading.

    • In political developments, French President Emmanuel Macron will name a new prime minister within 48 hours, the Elysee Palace has said, fending off speculation that fresh elections could be imminent (BBC).

    • Macroeconomic updates include: Germany Aug trade balance, UK Sep house price balance - RICS, Norway Sep PPI, Denmark Aug trade balance, Ireland Sep CPI, Aug industrial production, Greece Sep CPI

    • In corporate news, Suedzucker (SZU.GR) is out with H1 earnings and FY guidance. Nordex (NDX1.GR) reports preliminary Q3 orders 2,170 MW vs year-ago 1,726 MW. Still in the DACH region, Agrana Beteiligungs (AGR.AV) reports Q2 earnings and raised FY Group EBIT forecast. From the Benelux, Fagron (FAGR.BB) reports Q3 revenue and reiterates FY guidance. Out of the Nordics, Modern Times Group MTG (MTG.B.SS) presents updated FY25 targets and new mid-term group targets; launches SEK 400M share buyback program - CMD.

  • Politics/Macro/World News

    • UK Sep house price balance (15%) vs consensus (18%) and prior (19%) - RICS

    • Nato weighs armed response to Vladimir Putin's hybrid war - FT

    • Macron will nominate new French prime minister in 48 hours - BBC

    • 'First phase' of ceasefire deal to end war in Gaza agreed by Israel and Hamas - The Guardian

  • Top company news

    • Earnings/updates

      • AIR.FP (Airbus SE) -- Airbus reports Sep gross orders 10 aircraft; 73 deliveries to 41 customers

      • GXI.GR (Gerresheimer) -- reports preliminary Q3, adjusted FY25 guidance, announces transformation program

      • REP.SM (Repsol) -- provides Q3 trading statement; upstream production 551 Kboe/d vs year-ago 553 Kboe/d

      • NDX1.GR (Nordex) -- reports preliminary Q3 orders 2,170 MW vs year-ago 1,726 MW

      • NDA.GR (Aurubis) -- AG releases presentation material in connection with its CMD held earlier today

      • SOP.FP (Sopra Steria Group) -- CEO Cyril Malargé to step down to pursue new opportunity; reaffirms FY25 guidance

      • BCP.PL (Banco Comercial Portugues) -- Banco Comercial Português informs about estimated provisions against legal risk related to FX mortgage loans portfolio booked by Bank Millennium in Q3

      • SZU.GR (Suedzucker) -- reports H1 operating income €42M vs year-ago €269M

      • FAGR.BB (Fagron) -- reports Q3 revenue €228.2M vs FactSet €226.9M [1 est]; reiterates FY guidance

      • AGR.AV (Agrana Beteiligungs) -- reports Q2 net income €9.1M vs year-ago €7.4M; FY Group EBIT forecast raised

      • MTG.B.SS (Modern Times Group MTG) -- presents updated FY25 targets and new mid-term group targets; launches SEK 400M share buyback program - CMD

    • M&A

      • MOZN.SW (mobilezone holding) -- sells German business to freenet

      • SHEL.LN (Shell Plc) -- to resurrect effort to sell Sprng Energy and plans complete exit - Economic Times, citing people aware of the matter

      • UBSG.SW (UBS Group) -- Cantor Fitzgerald looking to renegotiate terms of deal to acquire UBS' O'Connor alternatives investment platform following the fallout of the First Brand bankruptcy

      • FNTN.GR (Freenet) -- Follow-up: Freenet to acquire mobilezone Deutschland; extends partnership with MediaMarktSaturn for another 5 years

      • FII.FP (Lisi) -- announces acquisition of assets of POLYSEMBLE HUNGARY

      • EDNR.IM (Edison SpA) -- EDF weighing options for Edison, including return to stock market - Reuters

      • APETIT.FH (Apetit) -- acquires Swedish frozen peas producer Foodhills AB BAMI.IM (Banco BPM) -- Banco BPM is evaluating to acquire a stake in Banca di Asti -- Corriere

    • Healthcare

      • SANN.SW (Santhera Pharmaceuticals Holding) -- secures agreement with Biomedica for the distribution of AGAMREE in Russia

    • Other

      • ALO.FP (Alstom) -- names Martin Sion CEO effective 1-Apr-26

      • SW.FP (Sodexo) -- announces appointment of Thierry Delaporte as Group CEO effective 10-Nov-25

  • Key rating changes

    • Upgrades

      • ROCK.B.DC (Rockwool) -- upgraded to overweight from equal weight at Barclays

    • Downgrades

      • GMAB.DC (Genmab) -- to hold from buy at DNB Carnegie

      • TGS.NO T(GS-NOPEC Geophysical Co.) -- downgraded to sell from hold at DNB Carnegie

      • KRX.ID (Kingspan Group) -- to underweight from equal weight at Barclays

      • GLEN.LN (Glencore) - to neutral from overweight at JPMorgan

    • Initiations

      • EMMN.SW (Emmi) -- outperform at Oddo

      • ENR.GR (Siemens Energy) -- outperform at RBC Capital Markets

  • Data

    • Nikkei +1.61% to 48503.14

    • Hang Seng +0.55% to 26977.76

    • Shanghai Composite +1.29% to 3933.02

    • S&P futures +4.0 vs prior close of 6801.3

    • €-$ +0.0014 or +0.12% to 1.1644

    • $-¥ (0.17) or (0.11%) to 152.53

    • €-¥ (0.00) or (0.00%) to 177.58

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.
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