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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE (0.15%), DAX +0.02%, CAC40 +0.01%

Nov 27 ,2025

  • Synopsis

    • European equity markets are set to open mixed, with Asia equities trading mostly higher. Note the US markets will be closed on today for Thanksgiving Holiday. US dollar lower, gains for the yen, AUD and NZD. Short-dated Treasury yields higher, longer-term yields lower; JGBs mixed. Crude oil futures lower, gold and silver also down, base metals mixed. Cryptocurrencies rallying.

    • On the agenda for today, in central banks, ECB publishes minutes of last MPC meeting at 13:30CET. Czech central bank releases latest financial stability report. Further, ECB's Cipollone introductory remarks at 9:30CET at the Euro Cyber Resilience Board for pan-European Financial Infrastructures meeting (ECRB). ECB's de Guindos remarks at 12:00 CET at the 24th CEDE Congress of Executives. Denmark central bank's Krogstrup speech at 14:30CET at Danske Bank conf and Nødgaard panellist at 16:30 at the PeRCent Annual Conf at CBS. ECB's Tuominen panellist at 15:00CET at EBI Conf 2025 '10 Years of SRB - Looking back and looking forward' and Machado at 16:45. BOE's Greene speech at 16:00BST at Goodbody 18th Annual Conf.

    • On the macro calendar for today, Germany Dec GfK consumer confidence is due at 7:00 GMT, followed by Italy Nov business/consumer confidence and Eurozone Oct M3 money supply at 9:00 GMT and Eurozone Nov economic/service sentiment at 10:00 GMT. Belgium Nov CPI, Sweden Oct trade balance, Denmark Oct retail sales are also due for release.

    • Quiet day for scheduled corporate releases.

  • Politics/Macro/World News

    • ECB to Keep Inflation at 2% on Softer Wage Growth, Lane Says (Bloomberg )

    • Europe thinks the unthinkable: Retaliating against Russia (Politico )

    • Baltic nations suffering from Russia sanctions win EU relief (Politico )

    • Business chides Reeves for not kick-starting growth in the Budget (FT )

  • Top company news

    • Earnings/updates

      • RCO.FP (Remy Cointreau) -- H1 adj. net income €63.1M vs consensus €58.2M; 2025-26 objectives confirmed

      • SIKA.SW (Sika Group) -- reaffirms Strategy 2028; presents strategic 'Fast Forward' program; expects annual savings of CHF150-200M with full impact as of 2028

      • NHY.NO (Norsk Hydro) -- Hydro capital allocation targets for FY25 and FY26 are reduced to NOK 13.5B, down from NOK 15B -- Investor Day 2025

      • UQA.AV (UNIQA Insurance Group) -- issues updated targets for 2026 to 2028; EPS to grow by at least 7 per cent

      • ADJ.GR ADLER Group reports Q3 FFO 1 (from rental activities) (€16.7M) vs year-ago (€34.3M)

      • ENT.LN (Entain) -- issues statement regarding increases to UK gambling taxes

      • VLA.FP (Valneva) -- announces strategic initiative to optimize its organizational footprint in France as part of ongoing efforts to increase operational effectiveness

      • PTEC.LN (Playtech) -- estimates 2026 adj. EBITDA impact due to Remote Gaming Duty increase

      • EVOK.LN (Evoke Plc) -- issues response to UK budget; comments on financial impact and withdraws medium-term financial targets

      • TRI.FP (Trigano) -- FY net income €239.4M vs FactSet €245.0M [9 est, €242.0-248.9M]; expects a clear improvement in business and results for the coming fiscal year

      • CRNO.B.SS (Cereno Scientific) -- Q3 EPS (SEK0.07) vs year-ago (SEK0.07)

      • CAI.AV (CA Immobilien Anlagen) -- 9M FFO €93.3M vs year-ago €86.5M

      • GRE.SM (Grenergy Renovables) -- Q1 net income €10.4M vs year-ago €5.9M

      • PDX.SS (Paradox Interactive) -- announces SEK 355M write down of capitalized development costs

      • HAL.NA (HAL Trust) -- Trading Update: NAV €181.73/sh on 30-Sep vs €171.61/sh on 31-Dec (post EU close 26-Nov)

      • MPCC.NO (MPC Container Ships) -- Q3 EPS $0.10 vs FactSet $0.10 [4 est, $0.09-0.10]

      • ARAMI.FP (Aramis Group) -- FY net income €19.9M vs FactSet €11.5M [4 est, €10.5-13.7M]

    • M&A

      • RIO.LN (Rio Tinto) --Rio Tinto reportedly exploring sale of certain US critical mineral assets -- Bloomberg

      • HLUN.B.DC (Lundbeck) -- confirms that it does not intend to make offer for Avadel Pharmaceuticals (AVDL)

      • ARISE.SS (Arise) -- Aneo BidCo submits offer to acquire Arise for SEK 45 in cash per share

      • AAL.LN ( Anglo American ) -- Teck Resources (TECK.B.CN) announces proxy advisory firms ISS and Glass Lewis recommend Teck shareholders vote to approve merger with Anglo American

      • PUM.GR (Puma) -- Anta Sports among firms exploring bid for Puma - Bloomberg

      • AGN.NA (Aegon) -- considering selling some operations outside of the US - Bloomberg

      • GIMB.BB (Gimv) -- agrees to acquire an indirect minority stake in Equine Care Group from CNP for an undisclosed sum

      • PST.IM (Poste Italiane) -- Italy nearing agreement to sell PagoPa to Poste Italiane and IPZS for up to €500M - Bloomberg

      • SCYR.SM (Sacyr Vallehermoso) -- completes sale of three concession assets in Colombia

      • LKOH.RU (Lukoil) -- Todd Boehly forms consortium in bid to acquire Lukoil's international assets - media report

      • CAI.AV (CA Immobilien Anlagen) -- announces start of exclusive sales negotiations for Czech platform

      • HOME.SM (Neinor Homes) -- announces CNMV authorizes voluntary takeover bid for Aedas Homes

    • Healthcare

      • TNG.FP (Transgene) -- completes fundraising of €105M via private placement at €1.02/sh

    • Other

      • SKA.B.SS (Skanska) -- CFO Jonas Rickberg to leave; appoints Pontus Winqvist as new CFO

      • LDO.IM (Leonardo) -- to unveil Michelangelo Dome today, an AI system that will connect equipment and platforms to protect countries from air threats - FT

      • VOW3.GR (Volkswagen) -- Europcar's future at Volkswagen is on shaky ground -- Manager magazine

      • OPAP.GA (Greek Organisation of Football Prognostics) -- named preferred investor in the State Lotteries' tender

      • BKW.SW (BKW AG) -- exercises CHF 500M increase option and increases existing unsecured, committed syndicated loan facility from CHF 1.0B to CHF 1.5B

      • Allwyn Entertainment being wooed by both New York and London stock exchanges over secondary listing - London Times, citing source

  • Key rating changes

    • Upgrades

      • DB1.GR (Deutsche Börse) -- to overweight from neutral at JPMorgan

      • EKTA.B.SS (Elekta) -- to buy from hold at DNB Carnegie

      • TEG.GR (TAG Immobilien) -- to outperform from market perform at Bernstein

      • WIE.AV (Wienerberger) -- to buy from accumulate at Erste Group

    • Downgrades

      • GYC.GR (Grand City Properties) -- to underperform from market perform at Bernstein

      • NOVO.B.DC (Novo Nordisk) -- to sell from hold at Handelsbanken

      • ELISA.FH (Elisa Oyj) -- to equal-weight from overweight at Morgan Stanley

      • RF.FP (Eurazeo) -- to hold from buy at Kepler Cheuvreux

      • COV.FP (Covivio) -- to neutral from overweight at JPMorgan

      • DLN.LN (Derwent London) -- to neutral from overweight at JPMorgan

    • Other

      • BGN.IM (Banca Generali) -- initiated buy at Kepler Cheuvreux

      • ZAP.NO (Zaptec) -- resumed buy at Stifel

  • Data

    • Nikkei +1.23% to 50167.10

    • Hang Seng +0.23% to 25986.45

    • Shanghai Composite +0.29% to 3875.55

    • S&P futures (0.3) vs prior close of 6828.0

    • €-$ (0.0003) or (0.03%) to 1.1593

    • $-¥ (0.28) or (0.18%) to 156.19

    • €-¥ (0.39) or (0.21%) to 181.05

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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