Aug 31 ,2026
Synopsis
European indicies are set to open lower as UK markets are closed for a summer Bank holiday. Asian equities lower Monday. Japan, South Korea and Taiwan seeing biggest declines but are off worst levels. Hong Kong leading China markets lower. S&P 500 futures extending Friday declines.
Middle East tensions notched higher after US struck two rocket launchers in Strait of Hormuz that were preparing to lay mines. IRGC responded with missile strikes at US bases in Jordan, which were intercepted. Marks first such strike since late July when US ended a bombing campaign intended to degrade Iran's ability to threaten ships in Strait of Hormuz. While diplomacy between US and Iran remains stalled, oil prices had been kept in check partly by the absence of kinetic action over recent weeks.
Economic data for today, Italy, Spain, Sweden, Switzerland Aug manufacturing PMI as well as final reads for Eurozone, Grance, Germany, UK, Germany Jul retail sales, Italy Q2 final GDP, Aug preliminary CPI, Jul unemployment rate, Eurozone Aug flash CPI, Jul unemployment rate, Switzerland Jul retail sales, Finland Aug preliminary HICP, Netherlands Aug preliminary CPI, Jul retail sales, Austria Aug preliminary CPI, unemployment rate, UK Jul mortgage approvals, M4 money supply, Aug shop price inflation - BRC, house price index - Nationwide
Top company news
Earnings/updates
BAKKA.NO (Bakkafrost) -- reports Q2 EBIT DKK273M vs FactSet DKK388.9M [10 est, DKK313-422M]
ALBPS.FP (Biophytis) -- strengthens its financial position and extends its cash runway into Q1 of 2027
ROSN.RU (Rosneft Oil) -- reports H1 net income RUB 200B, (18%) vs year-ago RUB 245B
KBCA.BB (KBC Ancora) -- reports H2 EPS €4.09 vs year-ago €3.14
CPI.AV (CPI Europe) -- reports H1 net income €158.3M
ACAD.SS (AcadeMedia) -- reports Q4 EPS SEK4.27 ex-items vs FactSet SEK4.54 [3 est, SEK3.80-5.62]
MGNT.RU (Magnit) -- reports H1 net income (RUB1.88B) vs year-ago RUB6.54B
M&A
AMP.SM (Amper) -- shareholders to vote on 30-Sep on the issuance of 7.7M new shares as part of the consideration for Teltronic
AIR.FP (Airbus SE) -- Airbus looking to sell its US space business - FT
RIO.AU (Rio Tinto) -- Develop Global and Delta Lithium named as potential bidders for Rio Tinto's up for sale Mt Cattlin lithium mine - The Australian
ENI.IM (Eni) -- enters into OFF-5 block offshore Uruguay; terms undisclosed
ALV.GR (Allianz) -- among parties looking at the AA - Sky News
INPST.NA (InPost) -- announces all regulatory clearances required to close the Consortium's offer have been obtained
MOL.HB (MOL Hungarian Oil & Gas) -- receives further US approval to continue NIS negotiations
ASA.NO (Atlantic Sapphire) -- preliminary results of the recommended mandatory tender offer
BWE.NO (BW Energy) -- agreement for entry into Angola through interests in producing block 14 and block 14K
PARKEN.DC (PARKEN Sport & Entertainment) -- notes article in Inside Business; notes approach for meeting regarding possible bid for company
Follow-up: Etu Energias confirms agrees to acquire stakes in blocks 14 and 14K, offshore Angola
Nestle and PAI Partners' JV European Pizza Group interested in acquiring Crosta Mollica - Sky News (~9:50ET)
Healthcare
ALNY (Alnylam Pharmaceuticals) -- Alnylam presents, publishes new data on RNAi-powered TTR silencing
4502.JP (Takeda Pharmaceutical) -- FDA approves Mimrylo (rusfertide) as treatment for adults with polycythemia vera
4502.JP (Takeda Pharmaceutical) -- Takeda issues press release on FDA approval of MIMRYLO to treat erythrocytosis in adults with PV
BAYN.GR (Bayer AG) -- AskBio presents baseline characteristics from Ph2 Trial of Umiposgene Parvec (AB-1002) at ESC Congress
BAYN.GR (Bayer AG) -- Bayer presents, publishes first detailed results from REVEAL study of I 124 evuzamitide
PTGX (Protagonist Therapeutics) -- issues press release on FDA approval of MIMRYLO to treat erythrocytosis in adults with PV; call to be held 31-Aug at 08:30 ET
13.HK (Hutchmed) -- reports positive high-level results from the SANOVO China Phase III trial
Other
GLEN.LN (Glencore) -- has taken $480M provision on its exposure to Radiant World - Bloomberg
Estimated weekend box office revenues in US, Canada $98.4M, +52.8% y/y - Box Office Mojo
FDA authorizes Juul Labs' next generation JUUL2 System (earlier today)
Market Voices: Brew Markets with Baltimore Orioles owner David Rubenstein on Sports Valuations and Industry Growth
Key rating changes
Initiations
AI.FP (Air Liquide) -- outperform at Mizuho
ELUX.B.SS (Electrolux) -- re hold at SEB
Data
Nikkei (0.41%) to 66133.56
Hang Seng (0.49%) to 25460.66
Shanghai Composite +0.25% to 3962.23
S&P futures (17.3) vs prior close of 7722.0
€-$ +0.0010 or +0.08% to 1.1590
$-¥ (0.25) or (0.16%) to 159.84
€-¥ (0.17) or (0.09%) to 185.21
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