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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.28%, DAX +0.57%, CAC40 +0.49%

Sep 25 ,2026

  • Synopsis

    • European indices are set to open higher with Asian equities trading mixed. Japan gains, Hong Kong sharply lower. Much of the region offline for holidays (mainland China, South Korea, Taiwan). Sectors skewed according to market direction. Japan led by rallies in banks and semis. Hang Seng tech lagging the benchmark alongside properties. US futures pared earlier declines following flat closes in S&P 500 and Nasdaq

    • Market sentiment continues to revolve around the Middle East conflict translating to higher oil prices, inflation and bond yields.US equities were mixed in Thursday trading. Stocks reversed earlier declines after latest positive US/Iran updates.

    • Xinhua cited China President Xi as saying the new US-China trade agreement was good news for the global economy, though there were no further details. Remark was taken as an acknowledgement of the truce extension to 10-Jan announced by US Treasury Secretary Bessent. No news of purchase commitments. Boeing (BA) said to be losing hopes for a new round of aircraft orders on top of the 200 planes in the May deal (Reuters).

    • Friday sees, in central banks, Norges Bank's Robstad discusses bank's latest monetary policy report at 10:00CET at event in London. ECB's Buch panellist at 14:15CET at annual conf. "ESRB@15: may you stay forever young". ECB's Vujčić panellist at 20:00CET at Inflation Conf jointly organised by Federal Reserve Bank of Cleveland and the ECB.

    • Earnings due today: DACHs: Schloss Wachenheim (SWA.GR), France: Afyren (ALAFY.FP), Nordics: Pyrum Innovations (PYRUM.NO), Southern Europe: Thessaloniki Port Authority (OLTH.GA), UK: Bango (BGO.LN)

    • Economic reported so far, UK Sep GfK Consumer Confidence (13) vs consensus (16) and prior (14)

    • more today: Germany Oct consumer confidence - GfK, Spain Q2 final GDP, Eurozone Aug M3 money supply, Sweden Aug PPI, Denmark Aug retail sales

  • Politics/Macro/World News

    • UK consumer confidence hits more than two-year high in September, GfK says (Reuters )

    • Trump-Xi Summit Goes Big on Pomp But Small on Substance (BBG )

  • Top company news

    • Earnings/updates

      • HFG.GR (HelloFresh) -- SE expects revenue for Q3 2026 below market expectations and adjusts outlook for the financial year 2026

      • NANO.FP (Nanobiotix) -- reports H1 net income (€34.3M) vs FactSet (€20.6M) [1 est]

      • KCR.FH (Konecranes) -- upgrades its mid-term financial targets and updates dividend policy

      • ORK.NO (Orkla) -- Jotun reports 9M operating profit NOK3.54B vs yea-ago NOK3.59B

      • ATE.FP (Alten) -- reports H1 net income €113.8M, +38% vs year-ago €82.6M

      • TNG.FP (Transgene) -- reports H1 net income (€15.7M) vs year-ago (€19.3M)

      • FLOW.NA (Flow Traders) -- 3Q 2026 Pre-Close Call: ETF volumes in Q3 decreased across most regions quarter-on-quarter

      • ADOC.FP (Adocia) -- reports H1 net income (€8.6M) vs FactSet (€8.8M) [1 est]

      • ALCGM.FP (Cegedim) -- reports H1 net income €4.2M vs year-ago €0.1M

    • M&A

      • DVN (Devon Energy) -- BP weighs potential asset acquisitions including Devon Energy's Eagle Ford properties -- Reuters

      • KCR.FH (Konecranes) -- upgrades its mid-term financial targets and updates dividend policy

      • AVIO.IM (Avio) -- announces the completion of the investment transaction by funds managed and controlled by Advent International L.P.

      • HUBN.SW (HUBER+SUHNER) -- to acquire Motion Applied's Connected Intelligence business; terms undisclosed

      • EAST.SS (Eastnine) -- completes acquisition of 40-storey office property in Warsaw for €285M

      • 4967.JP (Kobayashi Pharmaceutical) -- responds to media reports; confirms receipt of preliminary, non-binding joint proposal from NSSK, CVC Capital Partners for potential take-private transaction

      • KLARA.B.SS (KlaraBo) -- Sveafastigheter and KlaraBo merger expected to complete on 30-Sep

    • Healthcare

      • ADXN.SW (Addex Therapeutics) -- Addex regains rights to GABAB positive allosteric modulator portfolio from Indivior UK

      • IRLAB.A.SS (IRLAB Therapeutics) -- Appoints Janne Backman as New Chairman

    • Other

      • TEP.FP (Teleperformance) -- announced the appointment of Benoit Gabelle as Group CFO, effective immediately

      • SPIE.FP (SPIE) -- announces the results of the repurchase of its ORNANEs due January 2028 for ~€388M

      • KCR.FH (Konecranes) -- commences €100M share buy-back program

      • KCR.FH (Konecranes) -- commits to reducing absolute GHG emissions 90% by 2050

      • TRMD.A.DC (TORM Plc) -- SEC filing: SCHEDULE 13D/A (Filed by Oaktree Capital Holdings, LLC)

      • Insurance Australia Group settles Credit Suisse Greensill proceedings with no material FY27 financial impact

  • Key rating changes

    • Upgrades

      • HSBC upgrades BP.LN, TTE.FP

      • KPN.NA (Royal KPN) -- to overweight from neutral at JPMorgan

      • QTCOM.FH (Qt Group) -- to buy from hold at SEB

    • Downgrades

      • DTE.GR (Deutsche Telekom) -- to market perform from outperform at Bernstein

      • SINCH.SS (Sinch) -- to hold from buy at DNB Carnegie

      • TEL2.B.SS (Tele2) -- to market perform from outperform at Bernstein (earlier, timing uncertain)

    • Initiations

      • COK.GR (CANCOM) -- buy at UBS

  • Data

    • Nikkei +1.22% to 66311.87

    • Hang Seng (1.49%) to 24392.37

    • S&P futures +3.5 vs prior close of 7767.0

    • €-$ (0.0006) or (0.05%) to 1.1377

    • $-¥ (0.65) or (0.41%) to 158.21

    • €-¥ (0.83) or (0.46%) to 179.97

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.
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