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StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.82%, DAX +0.74%, CAC40 +0.61%

Oct 09 ,2026

  • Synopsis

    • European indicies are set to open higher as Asian equities trade mixed. Mainland China indexes seeing steep declines with chip stocks under pressure

    • US equities were lower in Thursday trading. However, breadth positive, equal-weight S&P outperformed official index by over 100 bp

    • Crude retreating further from overnight highs after President Trump cited productive talks with Iran and ruled out military action before midterm elections.

    • French fiscal and political concerns remain biggest drag on European bond markets today. Latest developments include Finance Minister Lescure signalling that France may favour shorter-term debt issuance as borrowing costs rise, while insisting that the government continues to find buyers for its bonds

    • Economic data due today: Italy Aug industrial production, Netherlands Aug manufacturing production, Norway Sep CPI, PPI, Denmark Aug trade balance, Sweden Aug industrial production, Switzerland Sep consumer confidence, Greece Sep CPI, Aug industrial production

    • Deutsche Telekom may trade lower on news SpaceX announced an agreement to acquire a nationwide low-band spectrum license portfolio of up to 14 megahertz of paired spectrum in the 800 MHz band.

    • Earnings: (TRYG.DC) Tryg reports Q3 net income DKK1.63B vs FactSet DKK1.43B [9 est, DKK1.36-1.53B]. (ATRLJ.B.SS) Atrium Ljungberg reports Q3 EPS SEK0.56 vs FactSet SEK0.52 [3 est, SEK0.50-0.55].

  • Politics/Macro/World News

    • Kushner, Witkoff to pitch "new ideas" to end Russia-Ukraine war (Axios )

    • Labour wins Holborn and St Pancras by-election, beating Green leader Zack Polanski (BBC )

  • Top company news

    • Earnings/updates

      • AIR.FP (Airbus SE) -- Airbus reports September gross orders 17 aircraft, deliveries 72 aircraft to 37 customers

      • BNOR.NO (BlueNord) -- reports preliminary Sep production of 43.9 mboepd net

      • HAUTO.NO (Höegh Autoliners) -- Sep trading update: 1.4M cbm of cargo on prorated basis

    • M&A

      • AXTA (Axalta Coating Systems) -- EU antitrust officials set to conditionally approve AkzoNobel's merger with Axalta -- Reuters (earlier, intraday)

      • SPCX (SpaceX) -- to acquire up to 14 megahertz of paired spectrum in 800 MHz band

      • RMV.LN (Rightmove) -- trades higher; circulation of takeover speculation from Betaville (yesterday afternoon)

      • SIKA.SW (Sika Group) -- acquires Azpects Group in UK

      • Lottomatica Group and CIRSA Enterprises boards have respectively approved the the previously disclosed merger plan

      • WISeQey;s Quantisimo Corp and SEALSQ, signs definitive business combination agreement with GigCapital8 Corp. to become a Nasdaq-listed public company

    • Healthcare

      • ROP.SW (Roche Holding) -- FDA approves Tecentriq and Tecentriq Hybreza for adjuvant treatment of dMMR colon cancer

      • ROP.SW (Roche Holding) -- Roche inks drug discovery deal with Chinese biotech, focused on molecular glue medicines - STAT News (pre-open)

      • GH (Guardant Health) -- announces EU approval of Guardant360 CDx as companion diagnostic for AstraZeneca's ETCAMAH (camizestrant) in advanced ER-positive breast cancer

      • TENX (Tenax Therapeutics) -- discloses plans to amend enrollment criteria in LEVEL-2 trial; temporarily pauses enrollment - 8-K

      • IDIA.SW (Idorsia) -- to present new daridorexant data across pediatric insomnia and real-world clinical practice at Sleep Europe 2026

      • CHEMM.DC (ChemoMetec) -- initiates share buy-back programme of up to 10% of share capital

    • Other

      • VOD.LN (Vodafone Group) -- Transcript Intelligence: Vodafone Group Business Update Call

      • BA.LN (BAE Systems) -- State Dept approves possible Foreign Military Sale to BAE Systems to Australia for purchase of Tomahawk Capability Development

      • R3NK.GR (Renk Group) -- Transcript Intelligence: Renk Group at MWB Research Defense and Security Conference

      • KTN.GR (Kontron) -- Transcript Intelligence: Kontron at MWB Research Defense and Security Conference

      • AI stocks weaker after report on OpenAI revenue; US suspends visa program for some tech firms in intraday themes (8-Oct)

      • OpenAI annualized revenue $20B less than previously indicated -- FT

      • Weatherford International expands collaboration with Equinor through contract extension and major offshore completions award

  • Key rating changes

    • Upgrades

      • RBC Capital Markets upgrades HEI.GR; downgrades KNF, SGO.FP

    • Downgrades

      • PSON.LN (Pearson) -- to neutral from buy at UBS

      • RHM.GR (Rheinmetall) -- to hold from buy at Berenberg

      • DSV.DC (DSV A/S) -- to neutral from overweight at JPMorgan

      • PNN.LN (Pennon Group) -- to sector perform from outperform at RBC Capital Markets

  • Data

    • Nikkei (0.05%) to 69004.53

    • Hang Seng +1.41% to 24120.88

    • Shanghai Composite (0.51%) to 3792.53

    • S&P futures +21.5 vs prior close of 7816.3

    • €-$ +0.0021 or +0.19% to 1.1232

    • $-¥ +0.20 or +0.13% to 158.09

    • €-¥ +0.58 or +0.33% to 177.58

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