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StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.24%, DAX (0.21%), CAC40 +0.22%

Oct 30 ,2026

  • Synopsis

    • European indices are set to open mixed with Asian equities on another downward trajectory to round off a difficult week and month. Very steep declines in South Korea's tech chain although finishing off their lows,

    • BOJ left the policy rate unchanged at 1.25% as widely expected. Vote count was 8-1;

    • Major US equity indices finished mostly lower in Thursday trading. However, breadth was very positive, with equal-weight outperforming the cap-weighted index by ~150 bp.

    • Google under pressure following mostly softer Q3 results. Search a key area of scrutiny as growth slowed to +12% from +17% in Q2,

    • Friday sees, in central banks, Bank of Italy's Panetta speech at World Savings Day. Croatia central bank's Švaljek presentation at 9:00CET on the occasion of World Savings Day at event organized by the Croatian Chamber of Economy. BOE's Mills speech at 9:00GMT at conf co-hosted by Univ. of Exeter and South West Business Council.

    • Economic data due today: Germany Q3 preliminary GDP, Oct preliminary CPI, unemployment rate, France Q3 preliminary GDP, Oct preliminary CPI, Sep consumer goods spending, PPI, Italy Q3 preliminary GDP, Oct preliminary CPI, Spain Q3 preliminary GDP, Oct preliminary CPI, Eurozone Q3 preliminary GDP, Sep unemployment rate, Switzerland Oct leading indicator - KOF, Sep retail sales, UK Oct house price index - Lloyds Bank, Portugal Q3 preliminary GDP, Oct preliminary CPI, Netherlands Q3 preliminary GDP, Sep PPI, Greece Sep unemployment rate, PPI, Belgium Sep PPI, Aug retail sales, Norway Oct retail sales, Denmark Sep unemployment rate, Finland Q3 preliminary GDP, Austria Q3 preliminary GDP, Sep PPI

    • Earnings reported so far today: (GXI.GR) Gerresheimer, Trifork Holding (TRIFOR.DC), Heijmans (HEIJM.NA), (AKTIA.FH) Aktia Bank, (SCOR) SCR.FP, Scatec (SCATCH.NO), (ACA.FP) Credit Agricole, (FUCHS) FPE3.GR, (FUR.NA) Fugro, (SPIE.FP) SPIE, (CAP.FP) Capgemini.

    • Holidays: Sweden (early close for All Saint's Day)

  • Politics/Macro/World News

    • Binance Estimates $6.3B Hacked in Crypto's Biggest Heist (BBG)

    • Pentagon tells Europeans to cool their rhetoric on Russia, sources say (Reuters )

  • Top company news

    • Earnings/updates

      • UMG.NA (Universal Music Group) -- reports Q3 adjusted EBITDA €729.0M vs consensus €691.0M

      • CAP.FP (Capgemini) -- reports Q3 revenue €6.07B vs StreetAccount €5.99B; c.FX growth +11.7% vs StreetAccount +10.3%; Upgrades 2026 financial targets

      • CS.FP (AXA) -- reports 9M Gross written premiums & other revenues €93B vs consensus €92.73B

      • CABK.SM (CaixaBank) -- reports Q3 net income attributable €1.76B vs consensus €1.63B

      • CABK.SM (CaixaBank) -- announces costs remain on track with guidance - slides

      • AMP.IM (Amplifon) -- reports Q3 net income €26.6M vs FactSet €17.8M [6 est, €9.6-27.4M]

      • ETL.FP (Eutelsat Communications) -- reports Q1 revenue €286.0M vs consensus €299.0M; confirm FY26-27 financial objectives

      • SPIE.FP (SPIE) -- reports Q3 revenue €2.89B vs FactSet €2.85B [3 est, €2.82-2.88B]

      • PSM.GR (ProSiebenSat.1 Media) -- updates FY26 guidance

      • EUROB.GA (Eurobank SA) -- reports Q3 adjusted net income €432.6M vs FactSet €413.1M

      • PHM.SM (Pharma Mar) -- reports 9M net income €8.7M vs year-ago €15.3M

      • FPE3.GR (FUCHS SE) -- reports 9M EPS €2.14 vs year-ago €1.73

      • TFI.FP (TF1) -- reports Q3 net income attributable €21M vs consensus €12.9M; 2026 targets maintained, with visibility remaining limited

      • EMEIS.FP (Emeis SA) -- reports Q3 revenue €1.53B, +4% vs year-ago €1.48B

      • FUR.NA (Fugro) -- reports Q3 revenue €525.2M vs FactSet €470.0M [4 est, €445-490M]

      • NK.FP (Imerys) -- reports Q3 net income €43M, +10% vs year-ago €39M

      • PRS.SM (Promotora de Informaciones) -- reports 9M revenue €719M, +18% vs year-ago €609M

      • XFAB.FP (X-FAB Silicon Foundries) -- reports Q3 net income ($2.8M) vs FactSet ($7.0M) [2 est, ($11.9)-(2M)]

      • ECMPA.NA (Eurocommercial Properties) -- reports 9M EPS €2.42 vs year-ago €1.37

      • ADOC.FP (Adocia) -- reports Q3 revenue €0.0M vs year-ago €0.4M; reaffirms cash runway extended to Q1 of 2028

      • MTU.FP (Manitou BF) -- reports Q3 revenue €642M, +13% vs year-ago €568M

      • P86.GR (Paradigm Biopharmaceuticals) -- reports Q1 net cash from / (used in) operating activities (A$13.5M) - Appendix 4C

      • ALMDT.FP (MEDIAN Technologies) -- reports H1 net income (€26.9M) vs year-ago (€9.2M); cash runway through H1 of 2028 with potential to extend into H1 of 2029

      • F3C.GR (SFC Energy) -- raises FY2026 earnings guidance

    • M&A

      • EVK.GR (Evonik Industries) -- Evonik to say no to BASF's €24/share offer - FT

      • VU.FP (VusionGroup) -- Vusion Completes Acquisition of In-Store Media

      • ECMPA.NA (Eurocommercial Properties) -- acquires Les Grands Prés, in Belgium and launches capital raise of 5.2M new shares via an accelerated bookbuild offering

      • 9532.JP (Osaka Gas) -- Enagas completes the acquisition of of an additional 20% stake in Planta de Regasificación de Sagunto (Saggas) from Osaka Gas

      • Pacific National seeking to sell business in one line - The Australian

    • Healthcare

      • BAYN.GR (Bayer AG) -- Missouri jury rules unanimously for Monsanto in Theresa Aretino, et al. v. Monsanto

      • SOBI.SS (Swedish Orphan Biovitrum) -- discloses Chairman David Meek will not seek re-election at 2027 Annual General Meeting in May '27

      • PHM.SM (Pharma Mar) -- resolves to appoint Elena Calleja Crespo as CFO effective 1-Jan-27; to succeed María Luisa de Francia Caballero

      • OSE.FP (OSE Immunotherapeutics) -- reports additional results of Combi-TED Phase 2 trial with Tedopi (OSE2101) in metastatic Non-Small Cell Lung Cancer (NSCLC)

    • Other

      • BT.A.LN (BT Group) -- Virgin Media O2 approaching deal to use BT's broadband network - FT

      • BAER.SW (Julius Baer Group) -- Ltd. will launch its previously announced new share buy-back programme of up to a total value of CHF 600M on 2-Nov-26.

      • FRVIA.FP (Forvia) -- and Raiqon enter strategic AI partnership

      • ELI.BB (Elia Group SA/NV) -- Elia Transmission Belgium publishes the results of three Capacity Remuneration Mechanism (CRM) auctions, covering the 2027-28, 2028-29, and 2030-31 supply periods

      • NTZA.GR (Natuzzi) -- calls special shareholder meeting to approve capital increase and rights issue - 6-K

      • Focus on AI spending, cloud growth in Amazon results later today; AI-link stocks remain lower while Pure Plays see pockets of strength in intraday themes (29-Oct)

      • Rio Tinto confirms occurrence of seismic activity along a rock fault zone at Oyu Tolgoi in Mongolia; reports zero fatalities - company website

      • Underground operations at Oyu Tolgoi temporarily suspended -- Bloomberg

  • Key rating changes

    • Downgrades

      • WCH.GR (Wacker Chemie) -- to sell from hold at Deutsche Bank

      • WCH.GR (Wacker Chemie) -- to hold from buy at Berenberg

  • Data

    • Nikkei (2.44%) to 63082.27

    • Hang Seng +1.60% to 23325.43

    • Shanghai Composite (1.08%) to 3611.96

    • S&P futures (66.0) vs prior close of 7754.3

    • €-$ +0.0001 or +0.01% to 1.1184 $-¥ (0.16) or (0.10%) to 157.55

    • €-¥ (0.16) or (0.09%) to 176.17

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