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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.27%, DAX (0.05%), CAC40 +0.22%

Feb 27 ,2026

  • Synopsis

    • European indices are set to open a tad higher today as Asian equities largely pared early losses to trade higher Friday. Nikkei gaining ground but being led by Topix. Mainland China mixed but the Hang Seng rallying. Australia and Singapore higher; some losses for the Kospi but it is well off its trough. India lower again. US futures lower for now

    • US equities finished somewhat mixed in Thursday trading, ending off worst levels. Breadth was narrowly positive and equal-weight S&P (RSP) outpaced cap-weighted index by more than 100 bp. Big tech underperformance a big story

    • Friday sees, in central banks, Norges Bank releases its Annual Report at 10:00CET, the same time as the ECB publishes the results of it's latest consumer expectation survey. Estonia central bank introduces at 10:00CET the bank's newly completed economic financing survey, (what are the financing options for Estonian households and companies).

    • Economic data today: Germany Feb unemployment change, preliminary CPI, France Q4 final GDP, Feb preliminary CPI, Jan household consumption, PPI, Spain Feb preliminary CPI, Switzerland Q4 GDP, Feb leading indicator - KOF, Jan retail sales, UK Feb consumer confidence - GfK, house price index - Nationwide, Sweden Q4 final GDP, Jan trade balance, Norway Jan retail sales, Denmark Jan unemployment rate, Finland Q4 final GDP, Austria Jan PPI, Belgium Q4 final GDP, Jan PPI, Greece Jan PPI, Dec retail sales, Ireland Jan retail sales, Portugal Q4 final GDP, Feb preliminary CPI, Netherlands Jan PPI

    • Earnings reported so far today: (VK.FP) Vallourec reports Q4 adjusted EBITDA €214M vs FactSet €212.6M. (BAS.GR) BASF SE reports Q4 EPS from cont. ops. (€0.41) ex-items vs year-ago €0.51. (AMAG.AV) AMAG Austria Metall reports FY net income €34.0M vs FactSet €24.1M. TRIFOR.DC Trifork Holding reports Q4 EBIT €9.4M vs FactSet €9.3M. KTCG.AV Kapsch TrafficCom AG confirms prelim Q3/9M results and FY26 outlook as per 16-Feb update. SREN.SW Swiss Re reports Q4 net income $717M vs consensus $687M; confirms financial targets. PROX.BB Proximus reports Q4 underlying EBITDA €437M vs consensus €434.0M. BIM.FP bioMerieux reports FY Adjusted net income €552M vs FactSet €460.8M

  • Politics/Macro/World News

    • Green Party wins Gorton and Denton by-election with Labour pushed into third by Reform -- (BBC)

    • Reeves Aims to End UK Tax Chatter With Low-Key Economic Update -- (Bloomberg)

  • Key rating changes

    • Upgrades

      • CAST.SS (Castellum AB) -- to buy from hold at ABG Sundal Collier

      • CINT.SS (Cint Group) -- to buy from hold at SEB

      • MONC.IM (Moncler) -- to buy from hold at Kepler Cheuvreux

      • OEM.B.SS (OEM International) -- to buy from hold at Handelsbanken

      • OERL.SW (OC Oerlikon Corp.) -- to hold from reduce at Kepler Cheuvreux

      • SGE.LN (Sage Group) -- to buy from hold at Shore Capital Stockbrokers

      • STJ.LN (St. James's Place) -- to buy from neutral at UBS

      • TELIA.SS (Telia Co.) -- Telia Co. reinstated hold at Nordea; prior rating was sell

      • TEMN.SW (Temenos) -- to neutral from underperform at Oddo

    • Downgrades

      • ORA.FP (Orange) -- to neutral from buy at CIC Market Solutions

      • TIT.IM (Telecom Italia) -- to hold from buy at Deutsche Bank

      • ELE.SM (Endesa) -- to underperform from outperform at Santander

      • ZEG.LN (Zegona Communications) -- to buy from strong buy at Alantra Equities

      • AXFO.SS (Axfood) -- to hold from buy at Kepler Cheuvreux

    • Initiations

      • AZN.SS (AstraZeneca) -- buy at Sparebank 1 Markets

      • TW.LN (Taylor Wimpey) -- re- hold at Panmure Liberum

      • BOOZT.SS (Boozt Fashion) -- buy at Nordea

    • Other Actions

      • CBK.GR (Commerzbank) -- transferred equal weight at Barclays; prior rating was equal weight

  • Data

    • Nikkei +0.16% to 58850.27

    • Hang Seng +1.00% to 26645.02

    • Shanghai Composite +0.34% to 4160.54

    • S&P futures (18.0) vs prior close of 6920.0

    • €-$ +0.0008 or +0.07% to 1.1805

    • $-¥ (0.23) or (0.15%) to 155.90

    • €-¥ (0.17) or (0.09%) to 184.02

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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