Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.04%, DAX30 +0.21%, CAC40 +0.16%

Oct 24 ,2025

  • Synopsis

    • European equity futures indicate a firmer open following positive performance yesterday. STOXX Europe 600 on track for weekly gain. Asian equity markets mostly higher.

    • US equities were higher in Thursday trading. Stocks ended not far from off best levels,

    • White House confirmed President Trump to meet China's Xi at APEC summit on 30-Oct but meeting not expected to produce anything substantive beyond another truce dialing back recent tensions over rare earths and soybeans, and directives to continue negotiations on other matters.

    • In Central Banks today: Bundesbank's Nagel, Bank of France's Villeroy panellists at 14:45CET at Berlin Global Dialogue (Thu-Sat). ECB consumer inflation expectations will be released

    • On the macro data front, PMIs headline in Europe. Consensus is for modest improvement in manufacturing and services holding up. GfK UK consumer confidence edged in October ahead of UK retail sales release

    • Other macro data due: France Oct consumer confidence, Spain Sep PPI, Sweden Sep PPI, Finland Sep PPI

    • Out last night: UK Sep car manufacturing (27.1%) y/y to 51,090 units -- SMMT

    • Earnings reportes so far today: (SAN.FP) Sanofi reports Q3 Business EPS €2.91 vs consensus €2.70; confirms FY guidance. (NHY.NO) Norsk Hydro reports Q3 EPS NOK1.02 ex-items vs consensus NOK1.19. (LIGHT.NA) Signify reports Q3 EPS €0.60 vs consensus €0.53; now guides FY Comparable sales growth of (2.5%)-(3.0%). (HOFI.SS) Hoist Finance reports Q3 EPS SEK3.00 vs FactSet SEK2.74. (BONAV.B.SS) Bonava reports Q3 EPS (SEK0.36) vs FactSet SEK0.01. (KOMPL.NO) Komplett reports Q3 EPS (NOK0.24) vs FactSet (NOK0.16). (HOLN.SW) Holcim reports Q3 recurring EBIT CHF836M vs StreetAccount CHF815.2M. (SCHN.SW) Schindler Holding reports Q3 EPS CHF2.36 vs consensus CHF2.30

  • Politics/Macro/World News

    • Understanding the Latest US Sanctions on Russian Oil (BBG )

    • EU pledges financial aid to Ukraine but demurs on Russian assets plan (Reuters )

  • Top company news

    • Earnings/updates

      • KO (Coca-Cola) -- discloses it will be required to take a $1B charge in Q4 due to significant negative net foreign currency adjustments related to operations in Africa held for sale - 10-Q

      • HOLN.SW (Holcim) -- reports Q3 recurring EBIT CHF836M vs StreetAccount CHF815.2M; reaffirms FY guidance

      • AC.FP (Accor) -- reports Q3 revenue €1.43B vs consensus €1.38B

      • DG.FP (VINCI SA) -- reports Q3 revenue €19.40B vs StreetAccount €19.08B

      • SIKA.SW (Sika Group) -- reports 9M net income CHF870.9M vs StreetAccount CHF896M

      • FR.FP (Valeo SE) -- reports Q3 revenue €5.00B vs consensus €4.82B; confirms FY outlook

      • SCHN.SW (Schindler Holding) -- reports Q3 EPS CHF2.36 vs consensus CHF2.30

      • SFER.IM (Salvatore Ferragamo) -- reports 9M revenue €694.6M vs StreetAccount €682.3M

      • URW.FP (Unibail-Rodamco-Westfield) -- 9M trading update; guides Fy25 adj. AREPS at least €9.50 vs prior upper end of €9.30 to €9.50

      • ADP.FP (Aeroport de Paris) -- reports 9M revenue €5.04B, +9% vs year-ago €4.61B

      • BOL.FP (Bolloré) -- reports Q3 revenue €630M, (22%) vs year-ago €809M

      • HAG.GR (HENSOLDT) -- guides FY25 revenue ~€2.5B vs prior €2.50-2.60B and FactSet €2.55B

      • SK.FP (SEB) -- reports preliminary Q3 revenue €1.92B vs FactSet €1.95B [1 est]

      • ATE.FP (Alten) -- reports Q3 revenue €3.08B vs year-ago €3.12B; confirms FY outlook

      • VIS.SM (Viscofan) -- reports Q3 net income €38.9M vs FactSet €37.2M [6 est, €34-40M]

      • FII.FP (Lisi) -- reports Q3 revenue €464.4M vs FactSet €455.4M [2 est, €450.9-459.9M]

      • MDM.FP (Maisons du Monde) -- reports Q3 revenue €224.7M, +5% vs year-ago €214.1M

      • YUBICO.SS (Yubico) -- reports preliminary Q3 revenue SEK548M vs FactSet SEK571.3M [4 est, SEK555-581M]

      • NXI.FP (Nexity) -- CORRECTION: Nexity reports Q3 revenue €632M, (25%) vs year-ago €848M

      • NXI.FP (Nexity) -- reports Q3 revenue €632M, (25%) vs year-ago €848M

      • TKO.FP (Tikehau Capital) -- reports Q3 AuM €51.1B as of 30-Sep-25, +9% y/y

      • GBT.FP (Guerbet) -- reports Q3 revenue €198.7M vs FactSet €199.3M [1 est]

      • ALCGM.FP (Cegedim) -- reports preliminary Q3 revenue €153.7M vs year-ago €156.8M

      • MRN.FP (Mersen) -- reports Q3 revenue €284.5M vs FactSet €306.6M [1 est]

      • LIN.FP (Linedata Services) -- reports Q3 revenue €122.0M, (9%) vs year-ago €134.6M; anticipates 5% to 10% decrease in revenue for the the full year

    • M&A

      • IBE.SM (Iberdrola) -- Fortescue emerging as leading candidate to acquire 49% stake in Spanish solar power portfolio owned by Iberdrola - Bloomberg (23-Oct, 16:30 CET/24-Oct, 1:30 AEDT)

      • KO (Coca-Cola) -- discloses it will be required to take a $1B charge in Q4 due to significant negative net foreign currency adjustments related to operations in Africa held for sale - 10-Q

      • URW.FP (Unibail-Rodamco-Westfield) -- Follow-up: Unibail-Rodamco-Westfield acquires 25% stake in St James Quarter in Edinburgh

      • FII.FP (Lisi) -- announces agreement with SK CAPITAL for sale of MEDICAL division

      • PFD.LN (Premier Foods) -- looking at acquisition opportunities in Australia - The Australian

      • PKTM.SW (PIERER Mobility) -- Austrian Takeover Commission confirms restructuring privilege for acquisition of control by Bajaj Auto acquisition of control of Pierer Mobility

      • SPEC.LN (Inspecs Group) -- issues statement regarding possible offer

      • SWP.FP (Sword Group) -- reports Q3 EBITDA €11.0M vs year-ago €9.8M

      • SWP.FP (Sword Group) -- discloses acquisition of Spanish technology consulting firm, Full On Net; terms not disclosed

      • AEIN.GR (Allgeier) -- sells subsidiary IT Services to Synova, terms undisclosed

      • Advent International and TA Associates reportedly in early stages to sell Conservice for $4.5-$5B valuation - Reuters

      • SS&C Technologies and Bravura Solutions register interest Grow Inc sale with bids of A$250M (~$163M) sought - Australian Financial Review

    • Healthcare

      • GSK.LN (GSK Plc) -- FDA approves GSK Plc BLENREP in combination with other treatments for patients for treating relapsed or refractory multiple myeloma - Reuters

      • GSK.LN (GSK Plc) -- issues press release on FDA approval of Blenrep, new REMS

      • GLPG.NA (Galapagos) -- to present In Vitro Data at ACR Convergence 2025 on GLPG3667 vs other TYK2 Inhibitors

      • HLUN.B.DC (H. Lundbeck) -- Follow-up: FDA approves efficacy supplment for Vyepti

      • EGTX.SS (Egetis Therapeutics) -- Transcript Intelligence: Egetis Therapeutics Business Update Call

    • Other

      • SAP.GR (SAP) -- Street Takeaways - SAP Q3 Earnings

      • NOKIA.FH (Nokia) -- extends long-term partnership with VNPT in Vietnam

      • UBSG.SW (UBS Group) -- announces management changes: appoints new Group Head Compliance and Operational Risk Control, COO and CTO effective 1-Jan

      • SU.FP (Schneider Electric) -- launches consulting practice to support clients in solving sustainability, energy, and technology challenges

      • URW.FP (Unibail-Rodamco-Westfield) -- names Vincent Rouget CEO effective 1-Jan-26

      • DEC.FP (JCDecaux) -- announces advertising contract with Bane NOR

      • Canada to limit the number of tariff-free vehicles Stellantis and GM can import from US to sell in Canada - CBC

      • UK Sep car manufacturing (27.1%) y/y to 51,090 units -- SMMT (00:01ET)

  • Key rating changes

    • Upgrades

      • IVSO.SS (INVISIO) -- to buy from hold at DNB Carnegie

      • IVSO.SS (INVISIO) -- to hold from sell at Pareto (earlier, timing uncertain)

      • KCR.FH (Konecranes) -- to buy from hold at DNB Carnegie

      • KGF.LN (Kingfisher) -- to outperform from sector perform at RBC Capital Markets

      • METSO.FH (Metso Corp.) -- to hold from sell at ABG Sundal Collier

      • SMWH.LN (WH Smith) -- to buy from hold at Peel Hunt

      • TELIA.SS (Telia Co.) -- to buy from hold at DNB Carnegie

      • VOLCAR.B.SS (Volvo Car) -- to buy from hold at DNB Carnegie

    • Downgrades

      • EVO.SS (Evolution) -- to hold from buy at Pareto

      • SW.FP (Sodexo) -- to hold from buy at Kepler Cheuvreux

      • BAVA.DC (Bavarian Nordic A/S) -- to hold from buy at DNB Carnegie

      • ELISA.FH (Elisa Oyj) -- to hold from buy at DNB Carnegie

    • Initiations

      • EDV.LN (Endeavour Mining) -- overweight at JPMorgan

      • DOKA.SW (dormakaba Holding) -- buy at Deutsche Bank

  • Data

    • Nikkei +1.33% to 49288.28

    • Hang Seng +0.44% to 26082.96

    • Shanghai Composite +0.49% to 3941.74

    • S&P futures +15.0 vs prior close of 6775.0

    • €-$ (0.0012) or (0.10%) to 1.1606

    • $-¥ +0.31 or +0.20% to 152.90 €-¥ +0.19 or +0.11% to 177.46

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".

DEPOSITARY RECEIPTS:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE