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StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.06%, DAX +0.29%, CAC40 +0.01%

May 29 ,2026

  • Synopsis

    • European indcies are set to open higher as Asian equities trade mostly higher. South Korea, Japan and Taiwan outperforming with memory majors, SoftBank and TSMC among the drivers. Greater China mixed with Hong Kong higher while mainland China lower with semis under pressure.

    • US equities finished higher in Thursday trading, ending not far from best levels. Semis/memory were stronger; big tech was mostly higher (with MSFT the standout).

    • US and Iran reportedly reached agreement on MoU that will extend ceasefire by 60 days for negotiations on contentious issues like nuclear program.

    • In Central Banks: BOE's Bailey speech at 9:20BST. Dubrovnik Economic Conf (through Sun) sees Croatia central bank's Vujčić deliver introductory remarks at 9:30CET on Sat (30th).

    • Economic data today: Germany May unemployment rate. CPI and GDP data for a number of EU countries

    • Earnings reported pre open: (UQA.AV) UNIQA Insurance Group reports Q1 net income €128M vs FactSet €130M [1 est]; confirms FY guidance. (PLSV.NO) Paratus Energy Services reports Q1 net income from cont ops $19.4M vs FactSet $12.0M. (VTURA.NO) Ventura Offshore Holding reports Q1 adjusted EBITDA $21.5M vs FactSet $21.4M

  • Politics/Macro/World News

    • US, Iran Agree to 60-Day Truce Renewal Pending Trump Signoff (BBG )

    • Russia overspends on Putin's war in Ukraine by $28B (FT )

  • Top company news

    • Earnings/updates

      • EVD.GR (CTS Eventim) -- reports Q1 Adjusted EBITDA €118.9M vs FactSet €107.9M [3 est, €101.8-117.2M]

      • PRS.NO (Prosafe) -- reports Q1 EPS $0.00 vs FactSet ($0.03) [1 est]; FY26 EBITDA expectation maintained

      • DESN.SW (Dottikon ES Holding) -- reports FY net income CHF103.6M vs FactSet CHF127.6M [1 est]

      • CPI.AV (CPI Europe) -- reports Q1 net income €105.5M, +122% vs year-ago €47.5M

      • DBG.FP (Derichebourg) -- reports H1 net income €73.5M, +16% vs year-ago €63.2M

      • ENH.NO (SED Energy Holdings) -- reports Q1 EPS $0.03 vs FactSet $0.04 [5 est, $0.03-0.04]

    • M&A

      • DCC.LN (DCC) -- Energy Capital Partners and KKR preparing revised £5.5B (~£65/sh) offer for DCC - Sky News

      • GBLB.BB (Groupe Bruxelles Lambert) -- completes the acquisition of 45% stake in Rayner; the company will have co-control rights alongside CVC

      • ORF.FP (Eurazeo) -- acquires majority stake in T1A Group

      • SOP.FP (Sopra Steria Group) -- enters into exclusive negotiations for the acquisition of the Manufacturing Engineering business from Daher Industrial Services; price undisclosed

      • FBU.NZ (Fletcher Building) -- completes sale of construction division to VINCI; deal announced 20-Jan-26 (NZT)

      • CCL.AU (Cuscal) -- completes previously announced acquisition of Paymark

      • SAGA.NO (Saga Pure) -- announces sale of Eilert Sundtsgate 39 AS

    • Healthcare

      • AZN.LN (AstraZeneca) -- FDA approves Imfinzi combo with BCG for NMIBC

      • AZN.LN (AstraZeneca) -- Follow-up: AstraZeneca confirms Imfinzi + BCG induction and maintenance therapy approved in the US for NMIBC

      • GETI.B.SS (Getinge) -- Getinge's subsidiary Maquet Cardiovascular receives negative jury verdict in a patent infringement case against Abiomed in the US

      • OSE.FP (OSE Immunotherapeutics) -- to implement a flexible bridge equity financing with IRIS Capital Investment

      • CANTA.SS (Cantargia) -- carries out a rights issue of SEK 124M and enters into a loan agreement of up to SEK 75M

      • CANTA.SS (Cantargia) -- Follow-up: Cantargia to host webcast on 1-Jun-26 covering rights issue, loan agreement, and strategic priorities

    • Other

      • RNO.FP (Renault) -- Group's GHG reduction targets approved by the SBTi

      • DEC.LN (Diversified Energy) -- releases sustainability report 2025

      • CO.FP (Casino Guichard-Perrachon) -- receives extension of consents from creditors

      • BRG.NO (Borregaard) -- comments on investment in Alginor

      • ULVR.LN (Unilever) -- investing $270M in Global Innovation Center in New Haven, Connecticut

      • KER.FP (Kering) -- provides update on share buyback

      • AGN.NA (Aegon) -- SEC filing: SCHEDULE 13D/A (Filed by Vereniging Aegon)

      • SAB.SM (Banco de Sabadell) -- notifies the terms and start date of the second treasury share buyback program; buyback program up to €365M (488.8M shares)

      • Charlotte's Web Holdings closes previously announced transactions with BAT

      • Market Voices: Invest Like the Best podcast with Dan Loeb on AI, semiconductors, activism, and market concentration

      • Nikon to take on ASML by offering lower prices on semiconductor photolithography equipment - Nikkei

  • Key rating changes

    • Upgrades

      • BAMNB.NA (Koninklijke BAM Groep) -- to outperform from underperform at Oddo

      • ODL.NO (Odfjell Drilling) -- to buy from hold at DNB Carnegie

      • ODL.NO (Odfjell Drilling) -- to buy from hold at SEB

      • CFEB.BB Cie d'Entreprises CFE upgraded to buy from hold at Kepler Cheuvreux

    • Downgraded

      • NORAM.NO (NorAm Drilling) to hold from buy at Fearnley

      • EKTA.B.SS (Elekta) to hold from buy at SEB

      • ACOMO.NA (ACOMO NV) to hold from buy at ING

      • ORK.NO (Orkla) to sell from neutral at UBS

    • Initiations

      • UTG.LN (UNITE Group) -- buy at UBS

      • RR.LN (Rolls-Royce Holdings) outperform at BNP Paribas Exane

    • Other Actions

      • BAYN.GR (Bayer AG) -- transferred hold at Jefferies

  • Data

    • Nikkei +2.58% to 66364.00

    • Hang Seng +0.98% to 25251.80

    • Shanghai Composite (0.22%) to 4089.51

    • S&P futures +4.0 vs prior close of 7581.8

    • €-$ (0.0006) or (0.05%) to 1.1644

    • $-¥ +0.07 or +0.04% to 159.31

    • €-¥ (0.05) or (0.03%) to 185.46

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