Feb 06 ,2026
Synopsis
European indices are set to open lower with Asian equities mostly lower Friday. Risk-off session though markets stabilizing with Japan swinging to positive territory while South Korea and Taiwan well off worst levels.
UK PM Starmer's leadership facing renewed speculation over his appointment of Lord Peter Mandelson as US ambassador, who has been implicated in Jeffrey Epstein scandal
US equities finished down in Thursday trading, ending not far from worst levels; equal-weight RSP held up better, dropping only 0.9%. Big tech was mostly lower with MSFT and AMZN worst performers, GOOGL came well off session lows. Software was sharply lower again, trailing semis by more than 400 bp amid continued AI pressure.
Friday sees, in central banks, Austria central bank's Kocher speech at 10:00CET at Club of Business Journalists. Czech central bank publish minutes of last MPC and holds meeting with analysts at ~11:00CET to discuss the latest economic forecast. ECB publishes its latest survey of professional forecasters at 10:00CET. ECB's Cipollone speech at 7:45CET on the digital euro at event organised by MEP Hadjipantela in Cyprus.
Economic: Germany Dec trade balance, industrial production, France Dec trade balance, Spain Dec industrial production, Switzerland Jan unemployment rate, Sweden Jan preliminary CPI, Norway Dec manufacturing production, Denmark Dec industrial production, UK Jan house price index - Halifax, Austria Jan PPI,
Earnings published so far today: (COLO.B.DC) Coloplast reports Q1 net income DKK1.42B ex-items vs consensus DKK1.37B. (KNEBV.FH) Kone reports Q4 EPS €0.52 vs consensus €0.60; guides FY26. (SKA.B.SS) Skanska reports Q4 EPS SEK5.94 vs FactSet SEK6.10. (SAB.SM) Banco de Sabadell reports Q4 net income €386M vs consensus €380M; guides FY26 .(APAM).NA Aperam reports Q4 EPS €0.40 vs FactSet (€0.05). (GLE.FP) Societe Generale reports Q4 net income attributable €1.42B vs consensus €1.18B
Politics/Macro/World News
Top company news
Earnings/updates
DG.FP (VINCI SA) -- reports FY net income €4.90B vs FactSet €4.86B [18 est, €4.74-5.27B]
GLE.FP (Societe Generale) -- reports Q4 net income attributable €1.42B vs consensus €1.18B
TEL.NO (Telenor) -- reports Q4 net income attributable NOK3.03B vs consensus NOK2.83B
APAM.NA (Aperam) -- reports Q4 EPS €0.40 vs FactSet (€0.05) [2 est, (€0.25)-0.16]
BAMI.IM (Banco BPM) -- reports FY net income €1.86B ex-items vs FactSet €1.97B [14 est, €1.71-2.04B]
EMSN.SW (EMS-Chemie Holding) -- reports FY net income CHF467M vs FactSet CHF474.2M [6 est, CHF463.6-491M]
OBEL.BB (Orange Belgium) -- reports FY adjusted net income €41.3M vs FactSet €65.4M
XFAB.FP (X-FAB Silicon Foundries) -- reports Q4 EBIT $9.8M vs FactSet $19.8M [4 est, $17.2-22.3M]
MMK.AV (Mayr-Melnhof Karton) -- guides FY25 non-cash asset impairment of €65 - 75M
GBT.FP (Guerbet) -- reports Q4 revenue €200.0M vs FactSet €195.1M [3 est, €192.6-198.7M]
ICEAIR.IR (Icelandair Group) -- reports Q4 net income ($35.6M) vs year-ago ($30.6M)
CE.IM (Credito Emiliano) -- reports FY net income €621.5M vs FactSet €605.5M [6 est, €596.3-616M]
LEHN.SW (LEM Holding) -- reports Q3 net income CHF5.3M vs FactSet CHF4.6M [1 est]
M&A
ALLN.SW (Allreal Holding) -- acquires Geneva office property for CHF 140M
LKOH.RU (Lukoil) -- Chevron among at least two companies vying for Lukoil's global assets despite initial agreement with Carlyle - Reuters (10:14 ET/18:14 MSK)
HPUR.NO (Hexagon Purus) -- divest aerospace business to SpaceX for an E.V. of $15.0M
AGI.AU (Ainsworth Game Technology) -- Two former Ainsworth executives received bonuses from founder Len Ainsworth after he sold his stake to Novomatic in 2018 - Australian Financial Review
VMX.FP (Verimatrix) -- completes sale of XTD assets to Guardsquare
Engie, E.ON and EDF each in talks with Ovo over possible bids for its retail arm - FT
Healthcare
SAN.FP (Sanofi) -- CEO acknowledges more time is needed for his R&D push to yield results as the company seeks successor to Dupixent - FT
BAYN.GR (Bayer AG) -- Bayer's discloses Asundexian Phase 3 study results demonstrating a 26% reduction in stroke
IDIA.SW (Idorsia) -- Ltd announces design of its FDA-agreed Phase 3 registration program for lucerastat in Fabry disease.
NYXH.BB (Nyxoah) -- Transcript Intelligence: Nyxoah Non Deal Roadshow
MVIR.SS (Medivir) -- carries out a directed share issue of SEK 45M to Carl Bennet AB
+BOEHRINGER (Boehringer Ingelheim) -- announces FDA issues EUA for IVOMEC (ivermectin) to protect cattle against New World screwworm
Other
ABBN.SW (ABB Limited) -- ABB to commence already announced up to $2.0B new share buyback program
VWS.DC (Vestas Wind Systems) -- Insider Transaction: Vestas Wind Systems CEO & President Henrik Andersen discloses sale of 143K shares
RED.SM (Redeia Corporacion) -- Red Eléctrica completes submarine electricity interconnection between Tenerife and La Gomera
SAB.SM (Banco de Sabadell) -- Banco Sabadell appoints Marc Armengol Dulcet to succeed César González-Bueno Mayer as CEO
PIRC.IM (Pirelli & C.) -- Board issues statement on Cyber Tire business; agrees with CEO that the unit should not be separated
CO.FP (Casino Guichard-Perrachon) -- Casino Group and SPAR International commit to a long-term partnership
ELIOR.FP (Elior Group) -- discloses terms of share buyback program for up to €253.6M
Boeing and Airbus in discussions with Saudi Arabia for jet order - Bloomberg
Street Takeaways - MAAS Group divestment of construction materials division to Heidelberg Materials Australia for up to A$1.70B cash
UK new car registrations forecast for 2026 and 2027 -- SMMT
Key rating changes
Upgrades
Oddo upgrades AF.FP, LHA.GR; downgrades RYA.ID, WIZZ.LN
MAERSK.B.DC Maersk upgraded to hold from reduce at Kepler Cheuvreux
UMG.NA Universal Music Group upgraded to buy from hold at Kepler Cheuvreux
Downgrade
UBSG.SW UBS Group downgraded to neutral from buy at Goldman Sachs
VOLCAR.B.SS (Volvo Car) -- to hold from buy at DNB Carnegie
Data
Nikkei +0.81% to 54253.68
Hang Seng (1.04%) to 26606.77
Shanghai Composite +0.01% to 4076.26
S&P futures (14.5) vs prior close of 6820.8
€-$ +0.0022 or +0.19% to 1.1801
$-¥ (0.23) or (0.15%) to 156.82
€-¥ +0.06 or +0.03% to 185.01
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