European Equity pre-Market Summary – 6th October 2026: European bourses set for a mildly firmer open; Recordati reportedly set for a larger offer
Newsquawk Staff ·
M&A
- AstraZeneca (AZN LN): Co. CEO says a major acquisition may not be needed to keep growing beyond 2030, citing a broad existing pipeline.
- CVC (CVC NA), GBL (GBLB BB), Recordati (REC IM): CVC and GBL raise their offer for Recordati to EUR 53/shr (prev. EUR 51.27/shr), Bloomberg reports.
Stories
- UK Defence: UK PM Burnham is reportedly mulling delaying a decision on defence spending until Autumn 2027, in the hope that the economy will improve, The Times reports.
- Wienerberger (WIE AV), -3.5%: Trading Update: Expects Q3 revenue at c. EUR 1.2-1.3mln and operating EBITDA c. EUR 170-180mln, while adjusting its FY26 operating EBITDA between EUR 640-650mln.
- Genmab (GMAB DC), AbbVie (ABBV): Cos announce that Epcoritamab, in combination with R-CHOP, demonstrates statistically significant improvement in PFS in Patients with newly diagnosed Diffuse Large B-Cell Lymphoma. GMAB US ADR rose 10.8% in US trade
- Norsk Hydro (NHY NO): Co. gives an update on the Alunorte gas supply situation. Points to a potential Q3'26 impact for Bauxite & Alumina from reduced production and purchasing gas at prices above the contract price may be USD 75-100mln.
Broker Moves
- Rio Tinto (RIO LN): upgraded to Sector Perform from Underperform at RBC
- Henkel (HEN3 GY), +1.3%: upgraded to Neutral from Sell at Goldman Sachs
- Schneider Electric (SU FP), -1.3%: downgraded to Neutral from Overweight at JPMorgan
Pre-market levels via Tradegate
- Newsquawk Calendar of Key events - November 2026
- EUROPEAN OPEN: EVK GY reportedly to reject BAS GY EUR offer; BAYN GY wins St. Louis Roundup trial; AZN LN, SAN FP beats; ACA FP net income misses; NWG LN revenue miss, PBT beat; BP/ LN earnings top expectations
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with a further tech sell-off due to weak earnings
- PRE-MARKET AUSTRALIAN STOCKS NEWS: Coles Group (COL AT) Q1 (AUD) supermarket sales revenue rose 3.6% Y/Y to 10.32bln, with comparable sales rising 2.7% Y/Y but lagged behind its main rival Woolworths (WOW AT)
- US Market Wrap: AI jitters hit tech as Alphabet earnings disappoint; bonds rally
Related headlines
- [MARKET ANALYSIS] Oil prices mildly rebounded following recent two-way trade and as geopolitical headlines continued to highlight a potential resumption of strikes on Iran following the midterm elections7 hours ago
- US Daily Equity Opening News - INTC plunges on weak outlook, cash flows; SNDK slips on cash flow concerns; NVDA may guarantee billions for NSCL data centre funding; AMZN slides on AI spending concerns; SBUX slips as revenue, international sales disappoint42 min ago
- PRE-MARKET CHINESE STOCKS NEWS: Earnings deluge continues8 hours ago
- Ukraine's military has paused its strikes against Russian oil refineries after weeks of pressure from US President Trump shook Kyiv's confidence in US support, according to WSJ citing people with knowledge of the operations9 hours ago
- [MARKET ANALYSIS] DXY is slightly softer following a decline in yields and in-line PPI data7 hours ago
- US FX WRAP: Dollar weighed as US yields trickle lower post Fed as personal income and spending growth miss forecasts13 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: ASE Technology Holding (3711 TT) raised its annual capex budget for the third time to USD 11.5bln (prev. USD 10.5bln)8 hours ago
- Kyiv's mayor says Ukrainian capital is under attack from Russian ballistic missiles, while witnesses report explosions jolting Kyiv12 hours ago
- US CENTCOM Commander Cooper will brief US President Trump on Thursday regarding the state of war with Iran, with focus on the ongoing naval blockade, according to two senior American officials, according to Israel's N1210 hours ago
- Top US admiral briefs US President Trump on Thursday about Iran attack options, WSJ reports13 hours ago
- BofA weekly flow data shows USD 56.2bln into stocks, USD 15.4bln into bonds, USD 3.4bln into cash, USD 0.5bln out of crypto, USD 1.7bln out of gold41 min ago
- PRE-MARKET JAPNESE AND SOUTH KOREAN STOCKS NEWS: BoJ Rate Decision in focus9 hours ago
- PREVIEW: BoJ Rate Decision Scheduled for Friday 30th October 2026 anytime after 02:30GMT/22:30EDT11 hours ago
- Chinese President Xi tells Swiss President that the upgraded trade agreement fully reflects both nations' political courage and sense of responsibility in upholding open cooperation46 min ago
- German Chancellor Merz says he is working to end the war in Iran as soon as possible, adding that the conflict has had a major impact on Europe1 hour ago