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StreetAccount Summary - Europe Pre-Open: Futures: FTSE (0.15%), DAX +0.08%, CAC40 +0.08%

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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