Newsquawk Daily European Equity Opening News - 10th April 2026

ASIA

APAC stocks were mostly higher following the gains on Wall Street, where markets extended on the ceasefire-driven momentum, although strikes continued in the region and Israel declared it will keep striking Lebanon ahead of talks next week. Furthermore, shipping through the Strait of Hormuz remained at a virtual standstill, and US President Trump criticised Iran on the Strait of Hormuz and warned it to stop charging tolls in the strait. ASX 200 was dragged lower by underperformance in tech and energy, while nearly all sectors were lacklustre, aside from the mild resilience seen in real estate and financials. Nikkei 225 rallied with index heavyweight Fast Retailing among the top gainers after its shares surged to fresh record highs following strong earnings results, while participants also reflected on PPI data, which ultimately printed mixed, but showed an acceleration for both the M/M and Y/Y figures. Hang Seng and Shanghai Comp were higher amid some strength in tech, property and auto stocks, while the latest inflation data for China was mixed as CPI printed softer-than-expected, but PPI slightly topped forecasts and showed a return to growth in factory gate prices for the first time in more than three years.

TSMC (2330 TT) - Q1 (TWD): Sales 1.13tln (exp. 1.12tln, prev. 0.839tln Y/Y). (TSMC)

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 -0.34% at 5,893, Dax 40 -1.35% at 23,755, FTSE 100 -0.05% at 10,603, CAC 40 -0.22% at 8,246, FTSE MIB +0.50% at 47,328, IBEX 35 -0.15% at 18,105, PSI +0.37% at 9,485, SMI +0.09% at 13,125, AEX +0.19% at 1,005

SECTORS: Energy 2.37%, Utilities 1.10%, Healthcare 0.21%, Materials 0.00%, Financials -0.19%, IT -0.40%, Industrials -0.43%, Consumer Stpl -0.51%, Telecoms -0.76%, Consumer Disc -1.20%

FTSE 100

Barclays (BARC LN) - Co. is sounding out potential investors to help Shutterfly push out its looming debt pile, after talks with private credit lenders lost momentum, Bloomberg reports, citing sources. Apollo, which backs the photo-sharing company, is expected to extend its unsecured debt holdings as part of the transaction. (Bloomberg)

Glencore (GLEN LN) - Glencore and Mercuria agreed to increase LNG purchases under 20yr deals with Kimmeridge Energy Management's proposed Commonwealth LNG terminal in Louisiana, according to Bloomberg. Glencore will buy 3mln tons annually, (+50% from its initial deal), while Mercuria's offtake rises to 1.5mln tons per year (from 1mln). (Bloomberg)

Retail - UK retail footfall returned to growth in March as a number of visits to stores comprising of main street shops, retail parks and shopping centres for the five weeks to April 4th rose 2.4% Y/Y, according to the British Retail Consortium. (British Retail Consortium)

OTHER UK COMPANIES

BROKER MOVES

DAX

Deutsche Lufthansa (LHA GY) - A one-day cabin crew strike at Deutsche Lufthansa and regional carrier Lufthansa CityLine is set to cancel more than 520 flights on Friday, affecting around 90,000 passengers across German airports, according to airport industry group ADV. (ADV)

German Stocks - Germany's Federal Constitutional Court is reportedly set to provide a ruling on the constitutionality of current tax rules this year, according to Handelsblatt. The Court has raised doubts about the current ruling, which limits stock loss offsets to stock gains only, rather than across capital gains. (Handelsblatt)

Volkswagen (VOW3 GY) - WSJ reports that the Co. will stop producing the ID.4 electric crossover at its Tennessee assembly plant. (WSJ)

OTHER GERMAN COMPANIES

Nordex Group (NDX1 GY) - Co. secures an 80 MW contract in Spain. (Nordex)

BROKER MOVES

CAC

Airbus (AIR FP) - March deliveries 60 (prev. 35), Gross orders 331. (Airbus)

Vinci (DG FP) - Co. has been awarded an EUR 192mln contract to upgrade Prague's main wastewater treatment plant. (Vinci)

OTHER FRENCH COMPANIES

Sodexo (SW FP) - H1 (EUR): Net income 188mln (prev. 434mln Y/Y), Operating profit 312mln (prev. 580mln Y/Y), Revenue 12bln (prev. 12.5bln Y/Y), cuts fiscal 2026 organic revenue growth forecast to between 0.5-1% (prev. guided 1.5-2.5%) and guides underlying operating profit margin between 3.2-3.4% (prev. guided "slightly lower than fiscal 2025"). (Sodexo)

BROKER MOVES

PAN EUROPE

UniCredit (UCG IM) - Co. is reportedly looking to completely abandon its operations in Russia and surrender its licence, according to Kommersant citing sources. People familiar with the matter suggest that active asset sales and staff cuts are already underway. The piece suggests that in this structure, the bank will receive “significantly” more than the c. 10% of its capital that it would have received from a sale of its Russian business. (Kommersant)

BROKER MOVES

SMI

OTHER SWISS COMPANIES

Lindt (LISP SW) - Co. plans to start its new CHF 1.0bln share buyback programme in May, which will run for three years. (Lindt)

BROKER MOVES

Holcim (HOLN SW) upgraded to Buy from Neutral at Goldman Sachs; analysts see better prospects following the EU's EUR 30B in 'investment booster' funding

SCANDINAVIA

Skanska (SKAB SS) - Co. has been awarded a USD 142mln contract for a tech facility in the US. (Skanska)

BROKER MOVES

US

CLOSES: SPX +0.62% at 6,825, NDX +0.72% at 25,082, DJI +0.58% at 48,186, RUT +0.60% at 2,636

SECTORS: Energy -1.16%, Health -0.19%, Materials +0.10%, Financials +0.27%, Technology +0.38%, Real Estate +0.83%, Utilities +0.84%, Consumer Staples +0.88%, Communication Services +0.93%, Industrials +1.04%, Consumer Discretionary +2.46%.

10 Apr 2026 - 06:55- Research Sheet- Source: Newsquawk