Jan 02 ,2026
Synopsis
European equity markets are set for a mostly higher open on the first trading day of 2026. Switzerland remains closed for Berchtold's Day. Asia equities higher with strong gains in Hong Kong, Seoul and Taipei as AI and related stocks surge again. Hang Seng sentiment further supported by successful listing of Shanghai Biren Technology. India and Southeast Asia benchmarks also higher. Japan, mainland China and Thailand remained closed. US futures higher.
FT reports US has slashed planned additional Italian pasta tariffs from up to 92% to a range of between 2-14%. In the UK, rail unions call for an end to outsourcing jobs such as cleaning, security and catering so profits could be reinvested in the railway. FT also reports up to 40% of luxury goods were sold at a discount in 2025 after years of price rises.
A busy macro front today with Italy, Spain, Sweden, Switzerland Dec manufacturing PMI as well as final reads for Eurozone, France, Germany, UK as well as Spain Dec unemployment change, Eurozone Nov M3 money supply and Greece Nov unemployment rate
A slow morning for corporate news sees Selvaag Bolig (SBO.NO) announcing it sold 115 homes in Q4 worth NOK774M vs year-ago 160 homes worth NOK1.12B whilst Doosan Bobcat reiterates it is considering acquisition of Wacker Neuson (WAC.GR). Sky News reports Spire Healthcare Group (SPI.LN) asked suitors to indicate interest by 20-Jan.
Macro
Top company news
Earnings
SBO.NO (Selvaag Bolig) -- sold 115 homes in Q4 worth NOK774M vs year-ago 160 homes worth NOK1.12B
M&A
MUX.GR (Mutares SE & Co) -- completes the acquisition of Greer Steel Co. from Greer Industries, Inc.
TE.FP (Technip Energies) -- Ecovyst completes sale of Advanced Materials & Catalysts business to Technip Energies; deal was announced 11-Sep
SPI.LN (Spire Healthcare Group) -- asks suitors to indicate interest by 20-Jan - Sky News
WAC.GR (Wacker Neuson) -- Doosan Bobcat reiterates it is considering acquisition of Wacker Neuson
Other
EMGS.NO (Electromagnetic Geoservices) -- issues update on going concern & capital structure
GUBRA.DC (Gubra) -- announced a significant expansion of its laboratory and office facilities at DTU Science Park, located in immediate proximity to the company's headquarters in Hørsholm, Denmark
SKA.B.SS (Skanska) -- wins additional $228M data center contract with existing U.S. client
EOAN.GR (E.ON SE) -- E.ON calls for end to government subsidies for solar power in Germany - Rheinische Post
France Dec new passenger car registration (10.1%) y/y (comparable working days) to 172,927 vehicles -- PFA
Revolution Wind to seek preliminary injunction against 22-Dec lease suspension order
Data
Nikkei closed
Hang Seng +2.76% to 26339.22
Shanghai Composite closed
S&P futures +31.8 vs prior close of 6892.5
€-$ +0.0000 or +0.00% to 1.1747
$-¥ +0.21 or +0.14% to 156.96
€-¥ +0.22 or +0.12% to 184.32
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