Aug 07 ,2026
Synopsis
European indices are set to open mixed, mirroring Asian equity markets also mixed Friday. Japan and South Korea lower. Quiet elsewhere with Hong Kong and Taiwan little changed. S&P 500 futures unchanged afterhours.
FX markets steady with yen having partially erased post-intervention gains.
US equities closed lower in Tuesday trading, though downside was limited and indices still set to log solid weekly gains. Momentum was mixed; semis were largely better but reporters SNDK and WDC were lower in memory.
Friday sees, in central banks, Czech central bank releases latest Monetary Policy Report. Elsewhere, Norway's minister of fisheries and the oceans participates in Husøydagan (through Sat) and it's the Opinion Festival in Estonia (through Sat).
Economic data due today: Germany Jun trade balance, industrial production, France Jun trade balance, Switzerland Jul consumer confidence - SECO, Norway Jun manufacturing production, Denmark Jun manufacturing production, UK Jul house price index - Lloyds (formerly Halifax), Greece Jul CPI, Jun trade balance.
Published so far: France Q2 Unemployment Rate 8.3% vs consensus 8.2%
Earnings reported so far today: DTG.GR, ROS.AV, BITTI.FH, TOKMAN.FH, LXS.GR, ALV.GR, CLAS.BSS
Politics/Macro/World News
US euro sale to prop up yen blindsided ECB (FT )
Top company news
Earnings/updates
ALCLS.FP (Cellectis SA) -- reports H1 EPS ($0.35) ex-items vs year-ago ($0.40)
ALV.GR (Allianz) -- reports Q2 core net income €2.60B vs consensus €2.82B; fully on track to achieve FY operating profit outlook
LXS.GR (Lanxess) -- reports Q2 adj EPS €0.51 vs consensus €0.38; confirms FY26 guidance
ENX.FP (Euronext) -- July trading activity
G.IM (Assicurazioni Generali) -- reports H1 Adjusted Net €2.54B vs consensus €2.41B
MB.IM (Mediobanca) -- reports Q2 net income attributable €388.5M, +15% vs year-ago €337.3M
MOL.HB (MOL Hungarian Oil & Gas) -- reports Q2 net income attributable Ft244.6B vs year-ago Ft38.1B
CLAS.B.SS (Clas Ohlson) -- reports Jul sales SEK1,164M; +10% organic growth
MOBN.SW (Mobimo Holding) -- reports H1 net income CHF126.8M vs FactSet CHF95.4M [1 est]
TOKMAN.FH (Tokmanni Group) -- reports Q2 EPS (€0.44) vs FactSet €0.19 [7 est, €0.14-0.23]
M&A
AVOL.SW (Avolta) -- acquires majority of Penha Duty Free Group; terms undisclosed
GDWN.LN (Goodwin) -- looking at selling its defence unit - FT
DECB.BB (Deceuninck) -- Gramo BV announces results of initial acceptance period of mandatory public takeover bid on Deceuninck NV
FCC formally votes to eliminate 39% broadcast TV ownership cap, as expected
Other
DGE.LN (Diageo) -- Transcript Intelligence: Diageo Capital Markets Day
HBR.LN (Harbour Energy) -- CORRECTION: Earlier Harbour Energy Transcript Intelligence summaries were for different company
Judge orders DoD to resume reviews of wind farm projects -- NY Times
SLB and Equinor sign multi-year agreement for stimulation services across the Norwegian Continental Shelf
Key rating changes
Upgrades
EZJ.LN (EasyJet) -- to neutral from underweight at JPMorgan
HBR.LN (Harbour Energy) -- to neutral from sell at Goldman Sachs
METSB.FH (Metsa Board) -- to buy from hold at Danske Bank
PRY.IM (Prysmian) -- to buy from hold at Berenberg
ROP.SW (Roche Holding) -- to overweight from equal-weight at Morgan Stanley
SMHN.GR (SÜSS MicroTec) -- to buy from hold at Deutsche Bank
YUBICO.SS (Yubico) -- to buy from hold at DNB Carnegie
ANA.SM (Acciona) -- to hold from reduce at Kepler Cheuvreux
Downgrades
MTX.GR (MTU Aero Engines) -- to underweight from equal weight at Barclays
Initiations
OHB.GR (OHB SE) -- overweight at JPMorgan
OHB.GR (OHB SE) -- buy at Deutsche Bank
Other Actions
SMIN.LN (Smiths Group) -- reinstated buy at Goldman Sachs
Data
Nikkei (0.14%) to 65591.68
Hang Seng +0.16% to 25572.30
Shanghai Composite +0.66% to 3926.01
S&P futures +0.3 vs prior close of 7734.8
€-$ +0.0001 or +0.01% to 1.1525
$-¥ (0.10) or (0.06%) to 158.36
€-¥ (0.10) or (0.05%) to 182.49
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