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StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.19%, DAX +0.08%, CAC40 (0.23%)

Feb 13 ,2026

  • Synopsis

    • European indices are set to open mixed as Asian equities trade mostly lower Friday. Japan's main benchmarks gapping lower at the open but many stocks off their troughs. Hang Seng sharply lower and heading for a flat week, mainland benchmarks down.

    • US equities were lower in Thursday trading, as stocks reversed earlier gains and ended near worst levels. Followed a mixed performance for stocks on Wednesday with major averages now all on track for weekly declines of over 1%

    • Friday sees, in central banks, Riksbank's Jansson speech ay 8:00CET at event hosted by the bank title 'about the value and challenges of communicating about monetary policy in uncertain times'. ECB's de Guindos lecture at 11:00CET at Academia Europea Leadership and remarks and Q&A at 13:00 at Círculo de Confianza by Foment de Trebal.

    • Economic data today: Spain Jan final CPI, Switzerland Jan CPI, Eurozone Q4 GDP (2nd est), Feb trade balance

    • Yesterday after the close: (OR.FP) L'Oreal reports FY adjusted EPS €12.71 vs StreetAccount €12.86

    • Earnings reported so far today: FAA.GR Fabasoft, HEIJM.NA HeijmansSynopsis, FING.B.SS Fingerprint Cards, TOM.NO Tomra Systems, SAF.FP Safran, CAP.FP Capgemin, NHY.NO Norsk Hydro

  • Top company news

    • Earnings/updates

      • SAF.FP (Safran) -- reports FY net income attributable €3.17B vs FactSet €3.44B [13 est, €2.93-3.62B]; raises 2028 ambitions

      • OR.FP (L'Oreal) -- reports FY adjusted EPS €12.71 vs StreetAccount €12.86

      • UBI.FP (Ubisoft Entertainment) -- reports Q3 revenue €318.4M vs FactSet €363.6M [5 est, €309-528M]

      • CAP.FP (Capgemini) -- reports FY EPS €12.95 ex-items vs FactSet €11.69 [17 est, €10.28-12.54]

      • NHY.NO (Norsk Hydro) -- reports Q4 adjusted EPS NOK0.70 vs consensus NOK0.73

      • GNFT.FP (GENFIT) -- to receive $20M milestone after Ipsen's Iqirvo exceeds the $200M threshold in its first full year of net sales

      • TOM.NO (Tomra Systems) -- reports Q4 ADj EPS €0.15 vs FactSet €0.14 [8 est, €0.12-0.18]

      • TFI.FP (TF1) -- reports Q4 net income €30M, (50%) vs year-ago €60M

      • KESKOB.FH (Kesko) -- reports Jan sales from continuing operations €970.6M, +0.8% in comparable terms

      • RBT.FP (Robertet) -- reports FY revenue €843.9M vs FactSet €841.5M [5 est, €834.6-849M]

      • MOBN.SW (Mobimo Holding) -- reports FY net income CHF192.9M vs FactSet CHF179.3M [3 est, CHF165.5-187M]

      • BOUV.NO (Bouvet) -- reports Q4 EPS NOK0.69 vs FactSet NOK0.77 [3 est, NOK0.70-0.81]

    • M&A

      • AAL.LN (Anglo American) -- revives sale process for A$5B+ Queensland coal mines - The Australian

      • SIKA.SW (Sika Group) -- to acquire manufacturer of adhesives and sealants Akkim; terms undisclosed

      • ITV.LN (ITV) -- Comcast's $2.2B ITV tie-up talks have slowed amid macro concerns and challenges related to a Studios spin - Reuters

      • LKOH.RU (Lukoil) -- Midad Energy signs term sheet to acquire sanctioned Lukoil assets - Reuters

      • GF.SW (Georg Fischer) -- completes previously announced divestment of GF Casting Solutions' automotive business to Nemak

      • KIN.BB (Kinepolis Group) -- Kinepolis completes acquisition of American movie theatre chain Emagine Entertainment

      • SPA.LN (1Spatial) -- VertiGIS and 1Spatial provides update on the letters of intent

    • Other

      • PUB.FP (Publicis Groupe) -- announces execution of a €175M share buyback agreement

      • BA.LN (BAE Systems) -- awarded ceiling $145.0M USAF contract

      • NXT.LN (Next) -- announces share repurchase program

      • WRT1V.FH (Wartsila) -- Transcript Intelligence: Wartsila Business Update Call

      • FGR.FP (Eiffage) -- wins construction contracts for infrastructure for two onshore wind farms in Spain

      • ADP.FP (Aeroport de Paris) -- provides update on French Transport Regulatory Authority's decision not to approve pricing proposal; previous charges to remain in force

      • AF.FP (Air France-KLM) -- warns it will be forced to reduce close to half its flights to Asia unless EU pares back SAF policies - FT, citing CEO

      • OVH.FP (OVHCloud) -- announces that the publication of H1 20226 results has been brought forward to 9-Apr-26, instead of 16-Apr-26 as initially planned.

      • Geely, BYD, and VinFast are final bidders for Nissan-Mercedez Benz plant in Mexico - Bloomberg (earlier)

      • Mobimo Holding publishes Sustainability Report 2025

      • Venezuela reportedly plans to award more oil exploration and production blocks to Chevron and Repsol - Bloomberg

  • Key rating changes

    • Upgrades

      • AQ.SS (AQ Group) -- to buy from hold at Pareto

      • DOC.AV (DO & CO) -- to buy from hold at Kepler Cheuvreux

      • TPE.GR (PVA TePla) -- to neutral from underperform at BNP Paribas Exane

    • Downgrades

      • HM.B.SS (H&M Hennes & Mauritz) -- to underweight from equal weight at Barclays

      • RWE.GR (RWE) -- to market perform from outperform at Bernstein

      • NIBE.B.SS (NIBE Industrier) -- to hold from buy at DNB Carnegie

      • VER.AV (Verbund) -- to reduce from hold at Kepler Cheuvreux

      • ENTRA.NO (Entra ASA) -- to hold from buy at Pareto

  • Data

    • Nikkei (0.98%) to 57075.13

    • Hang Seng (1.91%) to 26515.09

    • Shanghai Composite (1.03%) to 4091.57

    • S&P futures (18.8) vs prior close of 6851.0

    • €-$ (0.0014) or (0.12%) to 1.1858

    • $-¥ +0.53 or +0.35% to 153.2

    • €-¥ +0.39 or +0.22% to 181.70

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