Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE (0.04%), DAX +0.66%, CAC40 +0.09%

Oct 16 ,2026

  • Synopsis

    • European indicies are set to open mixed with Asian equities strengthening Friday. Semis/memory rebounding, driving outperformance of Japan, South Korea and Taiwan benchmarks.

    • US equities closed higher in Thursday trading, ending near best levels. Equal-weight S&P 500 (RSP) outperformed cap-weighted index by ~100 bp.

    • Thursday continuing to see weakness across the AI trade and continuation of Wednesday's defensive rotations.

    • Friday sees, in central banks, BOE's Bailey in conversation at 3:00BST at event hosted by IIF and Bundesbank's Nagel and minister of finance Klingbeil press conf. at 4:30CET at IMF annual meeting. Spain's minister of economy, trade, and business Cuerpo in conversation at Atlantic Council at IMF on growth, trade, and Europe's economic path.

    • Earnings reported early today: (CMCOM.NA) CM.com reports Q3 net income €1M vs year-ago (€2.4M); 2026 outlook raised. (SU.FP) Schneider Electric reports Q3 revenue €11.46B vs consensus €11.13B; upgrades its FY26 financial target. (AZA.SS) Avanza Bank Holding reports Q3 EPS SEK4.90 vs FactSet SEK5.05.

    • Economic data due today: Italy Sep final CPI, Aug trade balance, Eurozone Sep final CPI, Aug trade balance, Sweden Sep unemployment rate, Austria Sep final CPI

    • Other news include: (DLG.IM) De'Longhi increases its stake to 88% in professional division; pays total cash consideration of approximately €662.5M. (PPGN.SW) Samsung Peptide announces definitive interim result of its public tender offer for PolyPeptide Group; transaction is currently expected to be completed towards the end of 2026 or in Q1 2027

  • Politics/Macro/World News

    • Europe Reckons With a World Where Trump Is Now Helping Putin (Bloomberg )

    • France and Germany agree to ease EU car emissions rules in new deal (France24 )

    • BOE's Bailey Sees Little Evidence of Second-Round Inflation (BBG )

    • Banks say Healey is planning Budget tax raid on their profits (BBC )

  • Top company news

    • Earnings/updates

      • AIXA.GR (Aixtron) -- announces Q3 2026 order intake and operating profitability significantly exceed market expectations

      • BC.IM (Brunello Cucinelli) -- reports Q3 revenue €374.2M vs StreetAccount €371.1M; revises 2026 outlook further upwards

      • NDX1.GR (Nordex) -- reports preliminary Q3 EBITDA ~€278M vs FactSet €230.6M [5 est, €219-247M]

      • ADP.FP (Aeroport de Paris) -- reports Total Paris Aeroport Septermber traffic 9.08M (1.6%) y/y; revises 2026 traffic outlook lower

      • MMB.FP (Lagardere) -- reports preliminary Q3 revenue €2.63B vs year-ago €2.55B

      • ALHG.FP (Louis Hachette Group SA) -- reports Q3 revenue €2.68B vs FactSet €2.66B

      • THEP.FP (Thermador Groupe) -- reports Q3 revenue €129.0M vs FactSet €130.0M [1 est]

      • ALCPB.FP (Capital B) -- reports H1 net income (€69.5M) including BTC impairment charge

      • 0IFR.LN (ChronoScale Holdings Corp.) -- reports Q1 EPS (cont ops) ($0.18) vs year-ago ($0.08)

    • M&A

      • CBK.GR (Commerzbank) -- UniCredit receives ECB approval to acquire control of Commerzbank

      • PPGN.SW (PolyPeptide Group) -- Samsung Peptide announces definitive interim result of its public tender offer for PolyPeptide Group; transaction is currently expected to be completed towards the end of 2026 or in Q1 2027

      • CWY.AU (Cleanaway Waste Management) -- responds to ASX price query; not aware of any information that could explain recent trading

    • Healthcare

      • SAN.FP (Sanofi) -- and pan-Canadian Pharmaceutical Alliance Sign Letter of Intent for Dupixent Across Four Indications in Dermatology and Respiratory Care

      • ROP.SW (Roche Holding) -- FDA approves Genentech's Enspryng, a first-in-Class IL-6R inhibitor, as the first and only at-home subcutaneous treatment option for thyroid eye disease (TED)

      • NYXH.BB (Nyxoah) -- provides full 12-Month data from the ACCCESS U.S. pivotal study in complete concentric collapse patients presented at ISSS 2026

      • AVCT.LN (Avacta Group) -- Transcript Intelligence: Avacta Group Investor Meeting

    • Other

      • ASML.NA (ASML Holding) -- Street Takeaways - ASML Holding Q3 Earnings

      • ML.FP (Cie Generale des Etablissements Michelin SA) -- Michelin publishes global tire market data for September

      • ALO.FP (Alstom) -- signs 15-year services contract extension worth ~£800M from Greater Anglia in the United Kingdom

      • FER.SM (Ferrovial) -- selected to deliver Georgia's I-285 East Express Lanes

      • EU Commission anticipated to give fast-track antitrust approval to satellite company being formed by Leonardo, Airbus, and Thales, known as Project Bremo - Bloomberg

      • Vodacom issues update on acquisition of a controlling interest in Safaricom PLC

  • Key rating changes

    • Upgrades

      • Peel Hunt re-initiates CMCX.LN; transfers IGG.LN, PLUS.LN

      • BYIT.LN (Bytes Technology Group) to neutral from underperform at BNP Paribas Exane

    • Downgrades

      • SIE.GR (Siemens AG) -- to hold from buy at Jefferies, we're told

      • LLOY.LN (Lloyds Banking Group) to sector perform from outperform at RBC Capital Markets

    • Initiations

      • AJB.LN (AJ Bell) -- hold at Peel Hunt

      • EN.FP (Bouygues) -- buy at UBS

  • Data

    • Nikkei +1.86% to 65621.54

    • Hang Seng +1.01% to 24306.87

    • Shanghai Composite +0.39% to 3722.08

    • S&P futures +12.0 vs prior close of 7791.0

    • €-$ +0.0004 or +0.04% to 1.1226

    • $-¥ (0.10) or (0.06%) to 157.89

    • €-¥ (0.04) or (0.02%) to 177.25

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".

DEPOSITARY RECEIPTS:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE