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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE (1.07%), DAX30 (1.34%), CAC40 (0.14%)

Oct 17 ,2025

  • Synopsis

    • European equities are set to open lower as Asian equities trade lower Friday. Renewed turbulence in US regional banking space after KRX fell 6% to four-month low. Selling has spilled over to Asian session with Japan banks under pressure.

    • China stocks extending losses, putting mainland and Hong Kong benchmarks on track for steep weekly declines. Major banks notable decliners in Japan amid fallout from US regional bank selloff. TSMC weighing on Taiwan's index. Korea flat. US contracts extending declines afterhours

    • US equities close lower in Thursday trading, ending off worst levels. Major indices still on track for solid weekly gains. Financials sector was a notable drag amid regional-bank credit concerns and underwhelming reports from P&C insurance and insurance brokers.

    • Friday sees, in central banks, BOE's Pill speech at 10:35BST at the Institute of Chartered Accountants in England and Wales Annual Conf BOE's Greene speech at 12noon BST at an Atlantic Council roundtable. ECB's Donnery speech /panellist at 13:00CET at event hosted at Institute of International Finance (IIF).

    • Economic: Eurozone Sep final CPI, Sweden Sep unemployment rate, Austria Sep final CPI, Portugal Sep PPI

    • In corporate news: EssilorLuxottica (EL.FP) reports Q3 revenue €6.87B vs StreetAccount €6.72B. Volvo (VOLV.B.SS) reports Q3 EPS SEK3.71 vs FactSet SEK4.11 [11 est, SEK3.57-4.94]. Warehouses de Pauw (WDP.BB) reports Q3 EPRA EPS €0.40 vs FactSet €0.40. Tomra Systems (TOM.NO) reports Q3 adj EPS €0.05 vs FactSet €0.07 [7 est, €0.04-0.08]; comments on FY25 outlook. COMET Holding trading update: Q3 revenue CHF102.5M vs FactSet 112.0M [2 est, CHF110-114M] (COTN.SW)

    • Trading Update: Pearson (PSON.LN)

  • Politics/Macro/World News

    • Trump Says Putin War Summit Will Happen in 'Two Weeks or So' (BBG )

    • Gold rallies beyond $4,300/oz, set for best week in 17 years (Reuters )

  • Top company news

    • Earnings/updates

      • EL.FP (EssilorLuxottica) -- reports Q3 revenue €6.87B vs StreetAccount €6.72B

      • CON.GR (Continental) -- reports preliminary Q3 revenue €5.0B vs. consensus €4.9B; provides additional preliminary metrics

      • VIRP.FP (Virbac) -- reports 9M revenue €1.10B, +6% vs year-ago €1.04B

      • MMB.FP (Lagardere) -- reports Q3 revenue €2.55B, +5% vs year-ago €2.42B

      • HLE.GR (FORVIA HELLA) -- reports 9M revenue €5.9B vs year-ago €5.9B

      • POXEL.FP (Poxel) -- reports FY 2024 net income (€18.3M) vs year-ago (€35.1M); updates on reorganization proceedings

      • COTN.SW (COMET Holding) -- trading update: Q3 revenue CHF102.5M vs FactSet 112.0M [2 est, CHF110-114M]

      • FLOW.NA (Flow Traders) -- reports September 2025 ETP market statistics

      • MERY.FP (Mercialys) -- provides end-September update

      • ALHG.FP (Louis Hachette Group SA) -- reports Q3 revenue €2.61B vs FactSet €2.58B [1 est]

    • M&A

      • NBG6.GR (N+£RNBERGER Beteiligungs-AG) -- Vienna Insurance Group announces purchase offer for NÜRNBERGER Beteiligungs-AG at price of €120.00 per share

      • HSBA.LN (HSBC Holdings) -- Limited pool of suitors for HSBC's Australian business - The Australian

      • IBE.SM (Iberdrola) -- has held talks with competitors about a combination with Scottish Power - FT

      • SMIN.LN (Smiths Group) -- announces proposed sale of Smiths Interconnect to Molex

      • IMCD.NA (IMCD) -- to acquire 100% of the shares in Dong Yang FT Corp; terms undisclosed

      • SAB.SM (Banco de Sabadell) -- CNMV announces outcome of takeover bid for Banco de Sabadell by Banco Bilbao Vizcaya Argentaria, S.A.; minimum threshold not reached

      • CF.CN (Canaccord Genuity Group) -- Canaccord Genuity in talks with bidders including CVC and Advent for its British wealth arm - Reuters

      • YIT.FH (Yit) -- agrees on sale and construction of three residential buildings in Prague, Czech Republic - project value for €25M

      • M12.GR (M1 Kliniken) -- 85% subsidiary HAEMATO AG to sell HAEMATO Pharm GmbH to the PHOENIX group

      • HGT.LN (HgCapital Trust) -- Follow-up: Hg announces full exit of GTreasury

    • Healthcare

      • BAYN.GR (Bayer AG) -- FDA grants orphan drug designation to AskBio for treatment of Pompe disease

      • MRK.GR (Merck KGaA) -- EMD Serono announces agreement with US government to expand access to IVF therapies

      • ALCLS.FP (Cellectis SA) -- Cellectis' R&D Day highlights lasme-cel's potential to address significant unmet need for patients with r/r b-all

      • AB.FP (AB Science) -- provides intitial Phase 1 data for the combination of AB8939 with venetoclax for the treatment of refractory or relapsed acute myeloid leukemia

      • XBRANE.SS (Xbrane Biopharma) -- enters conditional financing solution with Fenja Capital II A/S; provides loan of SEK 60M to be triggered in event of a delay in anticipated US FDA approval of Lucamzi (proposed biosimilar to Lucentis)

      • 3692.HK (Hansoh Pharmaceutical Group) -- enters into license agreement with Roche for HS-20110

    • Other

      • ASML.NA (ASML Holding) -- Street Takeaways - ASML Holding Q3 Results

      • ML.FP (Cie Generale des Etablissements Michelin SA) -- Michelin publishes global tire market data for Sep

      • ASC.LN (Asos) -- German tax authorities pursuing Asos over tens of millions of euros of unpaid customs duties - FT

      • US set to ease tariffs on US auto industry - Bloomberg

  • Key rating changes

    • Upgrades

      • ENTRA.NO (Entra ASA) -- to buy from hold at Pareto

      • HMSO.LN (Hammerson) -- Hammerson transferred overweight at Barclays; prior rating was underweight

      • SANOMA.FU (Sanoma) -- upgraded to buy from hold at Nordea

      • CON.GR (Continental) -- upgraded to buy from hold at Deutsche Bank

      • DYVOX.SS (Dynavox Group) -- upgraded to buy from hold at ABG Sundal Collier

    • Other Actions

      • BPE.IM (BPER Banca) -- reinstated overweight at Barclays

  • Data

    • Nikkei (1.35%) to 47627.05

    • Hang Seng (1.83%) to 25415.70

    • Shanghai Composite (1.24%) to 3867.53

    • S&P futures (41.0) vs prior close of 6668.8

    • €-$ +0.0031 or +0.26% to 1.1719

    • $-¥ (0.59) or (0.39%) to 149.85

    • €-¥ (0.21) or (0.12%) to 175.60

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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