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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.19%, DAX (0.03%), CAC (0.06%)

Sep 11 ,2025

  • Synopsis

    • European equity markets are set to open mixed amidts Asian equities also mixed Thursday. Hang Seng underperformance contrasting with rally on mainland China. Japan and Taiwan at fresh record highs amid tech strength. Korea also at all-time high but off best levels. Indonesia extending rebound following early week tensions over finance minister replacement. Banks weighing on ASX. S&P 500 futures flat afterhours. Treasury yields up slightly ahead of CPI data. JGBs flat. Dollar little changed on major crosses going into US CPI. Crude steady near earlier highs while gold a touch lower. Bitcoin near three-week high.

    • In central banks, focus on ECB which is expected to leave its benchmark interest rate unchanged at 2.0% at 14:15CET, press conf 14:45. The release will be accompanied by the latest ECB staff macroeconomic projections at 15:45. Turkey central bank is expected to lower its benchmark interest rate by (300bps) to 40.0% at 12noon BST.

    • Elsewhere, Czech central bank meeting on financial stability with decision on setting the countercyclical capital buffer rate. ECB's Donnery panellist at 10:30CET at event organised by Business in the Community Ireland. Riksbank's Thedéen speech at 13:00CET on how the operational framework for monetary policy is intended to function in an environment where the Riksbank is now reducing its holdings of securities. Bank of Italy, in collaboration with the Bank of Canada and the BI Norwegian Business School conf on 'Applied Macroeconomics in a Changing World.' Norges Bank publishes its latest Regional network report at 10:00CET

    • Also on Thursday are IEA oil market report and OPEC oil market report. In the UK there are MPs questions on transport at 9:30BST and UK Bus Summit.

    • Macroeconomic updates include: Sweden Aug final CPI, Ireland Aug CPI, Belgium Jul industrial production

    • In corporate news, Seche Environnement (SCHP.FP) released H1 earnings yesterday after the close. In the DACH region, this morning R&S Group Holding (RSGN.SW) posted H1 earnings. Also, Fraport (FRA.GR), Flughafen Wien (FLU.AV) and Flughafen Zuerich (FHZN.SW) reported traffic statistics for August. Out of the Nordics, Puuilo (PUUILO.FH) posted Q2 numbers and updated its strategy and long-term financial targets for the end of the financial year 2030; targets revenue growth >10 % CAGR, above €800M.

    • On M&A front, Iberdrola (IBE.SM) acquires 30.29% stake in Neoenergia from Previ (Caixa de Previdência dos Funcionários do Banco do Brasil) for €1.88B.

  • Politics/Macro/World News

    • UK housing market slows as buyers retreat, uncertainty swirls, RICS survey shows - Reuters

    • Will Nato make its red lines clear after Putin's drone foray into Poland? - FT

    • EU's richest countries hold secret meeting in Vienna as budget talks get tribal - Politico

    • Macron's fixer sent to tackle political quagmire - FT

    • EU Parliament prepares dual no-confidence votes against von der Leyen - Euronews

  • Top company news

    • Earnings/updates

      • FRA.GR (Fraport) -- reports Aug Frankfurt Airport traffic statistics: passengers 6.3M, +4.1% y/y

      • FHZN.SW (Flughafen Zuerich) -- reports Aug traffic statistics

      • ANTIN.FP (Antin Infrastructure Partners) -- reports H1 EPS €0.31 vs FactSet €0.30 [2 est, €0.29-0.31]

      • SCHP.FP (Seche Environnement) -- reports H1 net income €15.9M vs year-ago €8.0M

      • RSGN.SW (R&S Group Holding) -- reports H1 EPS CHF0.77 vs year-ago CHF0.60

      • FLU.AV (Flughafen Wien) -- reports Aug Group total passenger traffic +3.7% to 4.61M

      • PUUILO.FH (Puuilo) -- reports Q2 EPS €0.25 vs FactSet €0.24 [6 est, €0.22-0.26]; confirms FY guidance

        • updating its strategy and long-term financial targets for the end of the financial year 2030; targets revenue growth >10 % CAGR, above €800M

      • SHLTN.SW (SHL Telemedicine) -- reports H1 net loss ($4.3M) vs year-ago ($3.9M); targets capital raise

      • RUSTA.SS (Rusta) -- reports Q1 EPS SEK1.10 vs FactSet SEK1.41 [3 est, SEK1.22-1.57]

    • M&A

      • STLAM.IM (Stellantis) -- selling VM Motori unit to Italian investors - Reuters

      • HEI.GR (Heidelberg Materials) -- ACCC will not oppose Cement Australia's acquisition of BGC Cementitious following amended proposal

      • 1COV.GR (Covestro) -- ADNOC reportedly near final remedies for EU Commission's foreign subsidies investigation in connection with Covestro acquisition -- Reuters

      • IBE.SM (Iberdrola) -- acquires 30.29% stake in Neoenergia from Previ (Caixa de Previdência dos Funcionários do Banco do Brasil) for €1.88B

    • Healthcare

      • SAN.FP (Sanofi) -- FDA grants fast-track designation to Sanofi's SAR402663 for neovascular age-related macular degeneration

      • ALBPS.FP (Biophytis) -- unveils Phase 3 Sarcopenia Trial Strategy with BIO101 in Europe and Asia

      • MEDCL.FP (MedinCell) -- notes approval of UZEDY in South Korea

    • Other

      • NOKIA.FH (Nokia) -- Transcript Intelligence: Nokia at Goldman Sachs Communacopia + Technology Conference

      • VOW3.GR (Volkswagen) -- pledges to defend dominance in Europe against Chinese rivals by means including software strategy and new models - FT, citing executive

      • KER.FP (Kering) -- announces amendment to the Valentino shareholders' agreement; current ownership structure of the House of Valentino will not change before 2028 at the earliest

      • FGR.FP (Eiffage) -- Eiffage, NGE win in consortium civil engineering contract worth €132M

  • Key rating changes

    • Upgrades

      • Jefferies upgrades ADEN.SW, ISS.DC

      • JPMorgan upgrades BZU.IM, SIKA.SW

    • Downgrades

      • Jefferies downgrades AHT.LN, HAS.LN

    • Initiations

      • DOKA.SW (dormakaba Holding) -- overweight at Barclays

  • Data

    • Nikkei +0.95% to 44255.07

    • Hang Seng (0.17%) to 26155.09

    • Shanghai Composite +1.08% to 3853.27

    • S&P futures +1.5 vs prior close of 6539.8

    • €-$ (0.0004) or (0.04%) to 1.1689

    • $-¥ +0.07 or +0.04% to 147.53

    • €-¥ +0.04 or +0.02% to 172.49

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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