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StreetAccount Summary - Europe Pre-Open: Futures FTSE (0.06%)

May 01 ,2026

  • Synopsis

    • UK equity futures point to a soft open. Follows broad gains in European markets on Thursday. Most European markets closed for Labor Day holidays with the exception of UK and Denmark. Asian equity markets higher, with Japan and ASX seeing moderate gains. China, South Korea and Taiwan closed for Labor Day/Golden Week. US equity futures firmer with S&P up ~0.3%. US equities higher on Thursday, with S&P, Nasdaq, and Russell setting fresh record closes.

    • Low volume day expected due to holiday closure. Investors evaluating yesterday's policy decisions from ECB and BoE. Both kept policy settings unchanged. Comments from President Lagarde and ECB sources reinforce expectations for June rate hike. BoE policy outlook more uncertain. Some sell-side takeaways highlighted that bar for BoE rate hikes may be higher than prior to meeting amid emphasis on weakness in labor market and weak demand outlook, which might dampen inflationary pressure.

    • US President Trump said the US will be removing all tariffs on whisky imports after visit by King Charles to the White House.

    • BOE's Pill and Shortall to deliver National MPC Agency briefing at 12:15BST. France Apr new car registrations are due to be released.

    • Macro data due include UK Apr final manufacturing PMI, Mar mortgage approvals and M4 money supply as well as Switzerland Mar retail sales.

    • A light corporate news front sees Aalberts (AALB.NA) reporting Q1 EBITA €109.7M vs FactSet €104.0M and expecting improvements on organic revenue growth and EBITA margin in 2026. DBV Technologies (DBV.FP) reported Q1 GAAP EPS ($0.11) vs year-ago ($0.26) and TF1 (TFI.FP) reports Q1 net income €4M vs year-ago €15M. Douglas (DOU.GR) guides Q2 net loss of high-double-digit to low-triple-digit million euro figure, falling short of the analyst consensus of minus €9M.

  • Politics/Macro/World News

    • Volodymyr Zelenskyy's push for EU membership strains ties with allies -- FT

    • Trump to lift tariffs on scotch whisky after king's US visit - Guardian

    • Netherlands Mar Retail Sales +2.9% y/y vs consensus +1.8% and prior revised +1.5% from +1.3%

  • Top company news

    • Earnings/updates

      • Benelux:

        • AALB.NA (Aalberts) -- reports Q1 EBITA €109.7M vs FactSet €104.0M; expect improvements on organic revenue growth and EBITA margin in 2026

      • DACHs:

        • DOU.GR (Douglas) -- Q2 net loss incurred amounts to a high-double-digit to low-triple-digit million euro figure, falling short of the analyst consensus of minus €9M.

        • WIHN.SW (WISeKey International Holding) -- reports FY net income ($38.2M) vs FactSet ($1.3M) [1 est]

      • France:

        • DBV.FP (DBV Technologies) -- reports Q1 GAAP EPS ($0.11) vs year-ago ($0.26) - 10-Q

        • TFI.FP (TF1) -- reports Q1 net income €4M vs year-ago €15M

      • Nordics:

        • EMGS.NO (Electromagnetic Geoservices) -- board approves audited financial statements and annual report for 2025

    • M&A

      • NXT.IM (Next Geosolutions Europe) -- acquires a further 7.1% of Rana Subsea, bringing its total stake to 82.5%

      • BST.IM (Banca Sistema) -- Consob approves Banca CF+'s offer document in connection with the acquisition of the remaining shares of Banca Sistema (post EU close 30-Apr)

      • UCB.BB (UCB) -- announces acquisition of IMIDomics' Patient Insight Business; price not disclosed

      • ORSTED.DC (Ørsted) -- completes divestment of European onshore business to CIP

      • DEC.FP (JCDecaux) -- completes sale to NZZ of 325,519 shares of APG|SGA

      • ACA.FP (Credit Agricole) -- completes acquisition of the Milleis Group

      • ATO.FP (ATOS SE) -- ATOS completes announced divestment of its South American operations to Semantix

      • 5108.JP (Bridgestone) -- Bekaert completes the acquisition of Bridgestone's tire reinforcement business in China and Thailand

      • SZG.GR (Salzgitter) -- EU clears Salzgitter's acquisition of Hüttenwerke Krupp Mannesmann

      • SOP.FP (Sopra Steria Group) -- has completed its acquisitions of Starion and Nexova

      • BAR.BB (Barco) -- completes acquisition of VerVent Audio Holding

      • LOCAL.FP (Solocal Group) -- completes acquisition of Artur'In

      • ELK.NO (Elkem) -- completes sale of Silicones division to Bluestar

      • EBUS.NA (Ebusco Holding) -- reports Q4 net income (€71.0M) vs year-ago (€200.6M)

      • +LEOP.DC (LEO Pharma) -- (private) acquires gene therapy platform and DEB candidate in acquisiton of privately-held Replay (9:00ET)

    • Healthcare

      • AZN.LN (AstraZeneca) --

        • issues press release on FDA ODAC panel's vote supporting TRUQAP sNDA in prostate cancer

        • FDA ODAC Panel votes 6-3 against AstraZeneca's camizestrant in combination with CDK4/6 inhibitor in breast cancer patients

        • PineTree Therapeutics (private) announces that AstraZeneca exercised option for bispecific degrader program (19:00ET, 29-Apr)

        • FDA ODAC panel votes 7-1-1 to support AstraZeneca's TRUQAP sNDA in prostate cancer

    • Other

      • TIT.IM (Telecom Italia) -- announces conditions fulfilled for the capital reduction and conversion of the savings shares into ordinary shares

      • DGE.LN (Diageo) -- launches strategic push into "ready-to-drink" beverages category - FT

      • EQNR.NO (Equinor) -- files automatic mixed shelf of indeterminate amount - F-3ASR

      • BBVA.SM (Banco Bilbao Vizcaya Argentaria) -- has agreed to carry out an issue of $1B preferred securities contingently convertible into new issued ordinary shares of BBVA

      • HEXA.B.SS (Hexagon) -- Transcript Intelligence: Hexagon Capital Markets Day

      • FER.SM (Ferrovial) -- awarded $1.08B US Army contract

      • CS.FP (AXA) -- Transcript Intelligence: AXA Shareholders Meeting

      • PGHN.SW (Partners Group Holding) -- condemns defamatory publication by Grizzly Reports; evaluating legal action

      • UU.LN (United Utilities Group) -- placing result: 60.6M new shares priced at 1,312p/share through Deutsche Bank and J.P. Morgan Securities

      • TRYG.DC (Tryg) -- announces DKK 1.0B share buyback programme to end no later than 13-May

      • FING.B.SS (Fingerprint Cards) -- releases 2025 Annual Report (includes sustainability report on page 26)

      • PRS.NO (Prosafe) -- releases 2025 Annual Report (includes sustainability report)

      • Metals & Mining Monthly Recap - April

      • Trump says will be removing certain tariffs and restrictions on Whiskey -- Truth Social post

  • Key rating changes

    • Upgrades

      • REP.SM (Repsol) -- to buy from neutral at Goldman Sachs

    • Downgrades

      • TE.FP (Technip Energies) -- to neutral from buy at Goldman Sachs

      • AKSO.NO (Aker Solutions) -- to hold from buy at Pareto

    • Other Actions

      • ENGI.FP (ENGIE) -- resumed outperform at BNP Paribas Exane; prior rating was outperform

  • Data

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