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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures FTSE +0.55%, DAX +0.40%, CAC40 +0.24%

Jan 05 ,2026

  • Synopsis

    • European equity markets are set to for a positive open amidst Asia equities trading higher Monday as technology stocks take another leg up and brush off heightened geopolitical developments. Strong gains for Japan's Nikkei and Topix boards, Kospi and Taiex at fresh record highs; mainland China boards also higher, Singapore leading Southeast Asia higher. India, Australia and Hong Kong flat. US futures higher.

    • Of note, Sweden closes early for Twelfth Night.

    • OPEC+ kept oil output unchanged on Sunday, as expected, amid a looming crisis in Venezuela after US capture of Venezuela President Maduro over the weekend and flaring tensions between the United Arab Emirates and Saudi Arabia.

    • Potential systematic moves largely revolve around crude oil, though predictions were mixed. Longer term price outlook seems skewed to the downside amid the prospects for relaxation of US embargo to release a pent-up inventories to the market, production normalizes and US commences investment in infrastructure to unlock Venezuela reserves estimated to be the largest in the world. While reports indicated US strikes avoided damage to processing capacity, press noted investment in dilapidated infrastructure and wholesale structural reforms would likely take years.

    • UK PM Starmer said on Sun he wants the UK to seek "closer alignment" with the EU's single market, as he vowed to still be in Downing Street in a year's time. Comments come ahead of an appearance on Mon where he will highlight government efforts to bring down the cost of living in 2026.

    • Macro data due include Switzerland Dec manufacturing PMI, Nov retail sales, Spain Dec unemployment change, Eurozone Jan Sentix investor confidence, UK Nov mortgage approvals and M4 money supply as well as Netherlands Nov retail sales.

    • No major releases scheduled.

  • Politics/Macro/World News

    • Donald Trump orders military action against Venezuela; President Nicolas Maduro purportedly captured - CBS

    • Opec+ leaves production unchanged for February and March - Reuters; Upstream ; Bloomberg

    • Oil prices expected to rise on Venezuelan turmoil though limited by ample supply, OPEC+ output to remain steady

    • Denmark tells Donald Trump to stop threatening to seize Greenland - FT

    • French far right courts business leaders as it prepares for power -- FT

    • UK should seek 'closer alignment' with EU single market, Starmer says - FT; Reuters

    • Netherlands Nov Retail Sales +3.9% y/y vs consensus +2.8% and revised +3.3% from +3.1% (00:30ET)

  • Top company news

    • Earnings/updates

      • AIR.FP (Airbus SE) -- Airbus exceeds revised 2025 goal with 793 deliveries - Bloomberg

      • AI.FP (Air Liquide) -- releases pre-FY 2025 results communication; considerations to assist in the financial modeling

    • M&A

      • NXT.LN (Next) -- reportedly considering bid for certain LK Bennett assets -- Sky News

      • SGSN.SW (SGS) -- acquires Panacea Infosec; terms undisclosed

      • LI.FP (Klepierre) -- Klépierre acquires Casamassima mall

      • 6268.JP (Nabtesco) -- completes previously announced sale of hydraulic equipment business to Comers

      • BPT.LN (Bridgepoint Group) -- to acquire controlling stake in Interpath Advisory in deal valued at over £800M - Sky News

      • HMS.SS (HMS Networks) -- completes acquisition of Molex Industrial Communications Business

      • ABG.NO (ABG Sundal Collier Holding) -- completes the acquisition of FIH Partners

      • BNJ.NA (Banijay Group) -- completes sale of 53.9% stake in bet-at-home AG

      • OCI.LN (Oakley Capital Investments) -- Oakley Capital to acquire majority stake in Global Loan Agency Service in £1B+ deal - Sky News

      • Trump Administration blocks acquisition of EMCORE's chips business and wafer fabrication operations by HieFo Corporation - whitehouse.gov

    • Healthcare

      • BINV.SS (BioInvent International) -- reports encouraging interim results from its ongoing Phase 2a signal-seeking study evaluating BI-1808 in combination with KEYTRUDA in recurrent ovarian cancer

      • SAN.FP (Sanofi) -- Sanofi's Tzield accepted for priority review in the US for young children with stage 2 type 1 diabetes

      • IDIA.SW (Idorsia) -- Idorsia's JERAYGO secures Health Canada approval as first and only endothelin receptor antagonist (ERA) for the treatment of resistant hypertension

    • Other

      • EXA.FP (Exail Technologies) -- announces new order worth ~ €40M

      • GUBRA.DC (Gubra) -- appoints Thomas Langenickel as Chief Medical and Development Officer

      • ALCOX.FP (Nicox) -- announces complete repayment of Kreos capital debt and extends cash runway beyond 2027 with new additional financing

      • NDX1.GR (Nordex Group) -- receives orders totalling 508 MW in Canada, including a first order for the N175/6.X turbines

      • EQNR.NO (Equinor) -- Equinor's Empire Wind announces filing of civil suit challenging Interior Department order to suspend project

      • DTE.GR (Deutsche Telekom) -- to begin 2026 up-to-€2B share buyback program today

      • G24.GR (Scout24) -- to commence first tranche of previously announced €500M share buyback program

      • AVOL.SW (Avolta) -- completes buyback; repurchases CHF171.5M of its up to CHF200M program at average price of CHF41.02/share

      • VNA.GR (Vonovia) -- Vonovia's Rolf Buch (retiring CEO) sold shares with a value of ~€921K on 29-Dec - Filing

      • IDR.SM (Indra Sistemas) -- discloses SpainSat NG II satellite had an impact with space particle during the orbital transfer phase

      • EXO.NA (EXOR) -- and the Ferrari family extend shareholders' agreement on Ferrari

      • DOU.GR (Douglas) -- Douglas' chairman Henning Kreke (via Lobelia Lux S.à r.l.) acquired 30,000 shares on 29-Dec - Filing

      • Estimated weekend box office revenues in US, Canada $130.3M, +25.3% y/y - Box Office Mojo

      • Italy Dec new passenger car registrations 108,075; +2.2% y/y -- UNRAE

      • Metallium Limited signs binding 12-month electronic-scrap supply agreement with Glencore

  • Key rating changes

    • Upgrades

      • NNIT.DC (NNIT) -- hold from sell at ABG Sundal Collier

      • Bernstein upgrades CON.GR, PIRC.IM

      • ASML.NA (ASML Holding) -- to outperform at Bernstein

      • ERF.FP (Eurofins Scientific) -- to outperform from underperform at BNP Paribas Exane

      • EVK.GR (Evonik Industries) -- to equal-weight from underweight at Morgan Stanley

      • JMAT.LN (Johnson Matthey) -- to buy from hold at Berenberg

      • PGHN.SW (Partners Group Holding) -- to buy from neutral at Citi

      • RED.SM (Redeia Corporacion) -- to equal weight from underweight at Barclays

    • Downgrades

      • ALO.FP (Alstom) -- hold from buy at Kepler Cheuvreux

      • PNDORA.DC (Pandora) -- to hold from buy at DNB Carnegie

      • MTRS.SS (Munters Group) -- to hold from buy at DNB Carnegie

      • IBST.LN (Ibstock) -- to hold from buy at Deutsche Numis

    • Initiations

      • Morgan Stanley initiates BMPS.IM, BPE.IM; assumes BAMI.IM, ISP.IM, UCG.IM

  • Data

    • Nikkei +2.97% to 51832.80

    • Hang Seng +0.16% to 26381.92

    • Shanghai Composite +1.39% to 4024.19

    • S&P futures +11.0 vs prior close of 6900.5

    • €-$ (0.0034) or (0.29%) to 1.1692

    • $-¥ +0.24 or +0.15% to 157.06

    • €-¥ (0.25) or (0.14%) to 183.62

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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