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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.33%, DAX +0.48%, CAC40 +0.16%

Aug 14 ,2026

  • Synopsis

    • European equity markets indicate a higher open amidst mixed trading in Asia and flat US futures. Bond markets quiet with Treasury yields up slightly along the curve while JGBs unchanged. Crude flat. Gold and silver heading lower. Dollar weaker against Korean won, steady against majors. Bitcoin remains range bound.

    • Risk sentiment chalked up to a pullback in near-term expectations for a Fed rate hike. Softer-than-expected US PPI put more traction behind disinflation narrative following in-line CPI. Markets have wound back Sep Fed rate hike odds to around 30% from 50% earlier in the week. Bonds also finding support from pullback in oil. While there have been no major developments in recent days, Treasury Secretary Bessent flagged unprecedented economic action against Iran next week as White House renews economic pressure campaign in lieu of restarting hostilities. In the UK, some early attention on Clacton by-election with Nigal Farage winning; note by-election was boycotted by major Westminster parties.

    • Light agenda out of Europe for today. On the macro calendar, France Jul final CPI is out at 7:45 BST and Eurozone Q2 GDP - 2nd estimate and Jun trade balance are due at 10:00 BST.

  • Politics/Macro/World News

    • Bessent flags unprecedented action against Iran as Hormuz stalemate continues (Reuters)

    • UK:

      • Farage wins Clacton by-election (FT )

    • Magyar casts doubt on Hungary-Russia nuclear power deal (Politico )

    • Finland Jul CPI +2.1% y/y vs consensus +2.1% and prior +2.1%

  • Top company news

    • Earnings/updates

      • ADN1.GR (adesso) -- Q2 EBITDA €18.8M vs FactSet €22.8M [1 est]; reaffirms FY guidance

      • NKT.DC (NKT A/S) -- Q2 EBITDA €104M vs FactSet €102.6M [6 est, €95-109M]; updates FY outlook

      • ANORA.FH (Anora Group) -- Q2 EPS €0.02 vs FactSet €0.05 [5 est, €0.04-0.07]; confirms FY guidance

      • DFDS.DC (DFDS) -- Jul Freight volume (3.2%)

      • POSTI.FH (Posti Group) -- Q2 EPS €0.06 vs FactSet €0.10 [4 est, €0.07-0.12]

      • SATS.NO (SATS ASA) -- Q2 EPS NOK1.00 vs FactSet NOK0.92 [6 est, NOK0.81-1.00]; Initiates share buyback program

      • TCELL.E.TI (Turkcell) -- Q2 EBITDA TRY30.01B vs FactSet TRY30.02B [5 est, TRY29.52-30.35B]

      • SBS.GR (Stratec) -- Q2 EPS €0.43 ex-items vs FactSet €0.19 [1 est]; reaffirms FY guidance

      • KESKOB.FH (Kesko) -- Jul sales €1.11B, +5.4% in comparable terms

      • VZN.SW (VZ Holding) -- H1 net income attributable CHF131.7M vs FactSet CHF125.9M [2 est, CHF124.9-126.9M]

      • DEQ.GR (Deutsche EuroShop) -- H1 FFO per share €0.92 vs year-ago €0.98; confirm the forecast for the 2026

      • NA9.GR (Nagarro) -- Q2 adj EBITDA €37.8M, +24% vs year-ago €30.5M; reaffirms FY expectations

      • DFDS.DC (DFDS) -- Q2 EPS DKK3.05 vs FactSet DKK4.63 [3 est, DKK3.17-5.53]; narrows FY EBIT to upper half of guidance; launches strategy review to clarify company's long-term vision, positioning, and priorities

      • F85.GR (Contango Silver & Gold, Inc.) -- Q2 EPS $0.14 vs year-ago $1.24

      • APR.NO (Appear) -- Q2 net income NOK20.7M vs FactSet NOK32.2M [3 est, NOK14.5-65M]; guides FY26 revenue

      • SEA1.NO (Sea1 Offshore) -- Q2 EPS $0.15 vs year-ago $0.42 (NOK 30.00)

      • VEI.NO (Veidekke) -- Q2 EPS NOK3.70 vs FactSet NOK3.10 [5 est, NOK2.82-3.33]

      • ZAL.NO (Zalaris) -- Q2 adj EBIT NOK37.6M, (15%) vs year-ago NOK44.3M

    • M&A

      • RAND.NA (Randstad) -- EU clears LTM's acquisition of Randstad's Technology and Consulting Services business in Europe and Australia

      • HP3A.GR (Ringmetall) -- acquires majority stake in Tesseraux SA

    • Healthcare:

      • VLA.FP (Valneva), PFE (Pfizer) -- Lyme disease vaccine application validated by EMA for review

    • Other

      • BP.LN (BP) -- partnership awarded Loran Phase 2 licence in Venezuela

      • FER.SM (Ferrovial) -- to delist from Euronext Amsterdam; last trading on 10-Sep-26

      • NHY.NO (Norsk Hydro) -- reaches temporary agreement with CELBA and has begun increasing alumina production at Alunorte refinery

      • NOEJ.GR (Norma Group) -- announces up to 9.3M off-market share buyback at €22.35/share

      • SKA.B.SS (Skanska) -- signs additional contract to build light rail transit in Van Nuys, CA, USA, for $957M (~SEK 8.9B)

      • COPN.SW (Cosmo) -- announces SIX ticker symbol change from "COPN" to "CMHC"

  • Key rating changes

    • Upgrades

      • AUTO.NO (AutoStore Holdings) -- to buy from hold at Deutsche Bank

    • Downgrades

      • AUTO.NO (AutoStore Holdings) -- to hold from buy at DNB Carnegie

      • DOU.GR (Douglas) -- to sell from neutral at Goldman Sachs

      • PPGN.SW (PolyPeptide Group) -- to equal weight from overweight at Barclays

  • Data

    • Nikkei +0.59% to 68709.55

    • Hang Seng (0.89%) to 25171.27

    • Shanghai Composite (0.26%) to 3916.92

    • S&P futures +2.5 vs prior close of 7822.5

    • €-$ +0.0012 or +0.10% to 1.1543

    • $-¥ (0.25) or (0.15%) to 159.26

    • €-¥ (0.08) or (0.04%) to 183.82

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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