Newsquawk Daily European Equity Opening News - 10th February 2026

ASIA

APAC stocks were mostly higher as the region took impetus from the gains on Wall Street, where the S&P 500 approached closer towards its record levels, and the Nasdaq outperformed as the tech rebound persisted. ASX 200 marginally gained amid continued outperformance in tech, but with advances in the index limited by underperformance in the top-weighted financial sector and weakness in some defensives. Nikkei 225 rallied to a fresh record high near the 58,000 level amid the Takaichi trade and expectations of incoming stimulus, while SoftBank was among the biggest gainers due to its heavy semiconductor exposure. Hang Seng and Shanghai Comp lagged behind their regional counterparts in somewhat mixed trade, with the Hong Kong benchmark led higher by pharmaceuticals, while the mainland was flat amid little fresh drivers.

TSMC (2330 TT) - January (TWD) rev. rose 37% Y/Y to 401.3bln (prev. 335.0bln M/M). (TSMC)

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +1.02% at 6,059, Dax 40 +1.15% at 25,005, FTSE 100 +0.16% at 10,386, CAC 40 +0.60% at 8,323, FTSE MIB +2.06% at 46,823, IBEX 35 +1.40% at 18,195, PSI +1.13% at 8,991, SMI +0.06% at 13,521, AEX +0.37% at 999

SECTORS: Materials 1.50%, Industrials 1.50%, IT 1.24%, Financials 0.91%, Telecoms 0.73%, Energy 0.51%, Utilities 0.47%, Healthcare -0.06%, Consumer Disc -0.08%, Consumer Stpl -1.06%

FTSE 100

Anglo American (AAL LN) - De Beers reportedly likely to be sold to a consortium, according to FT, buyer will probably include both government and private entities Anglo American CEO said “We are relatively far advanced” in the sale process, which would “almost certainly” result in the government of Botswana taking a greater ownership stake in the company. (FT)

Standard Chartered (STAN LN) - Co. appoints Peter Burrill as interim group CFO to replace Diego de Giorgi. (Standard Chartered)

UK BRC - UK BRC Retail Sales Monitor YoY (Jan) Y/Y 2.3% vs. Exp. 1.2% (Prev. 1.0%, Rev. From 1%). (BRC)

Omnicom (OMC), WPP (WPP LN), and Dentsu - Cos line up brands for OpenAI pilot as ChatGPT moves to implement ads, via Ad Week. (Ad Week)

OTHER UK COMPANIES

BROKER MOVES

Big Yellow Group (BYG LN) resumed with Overweight at Barclays

DAX

OTHER GERMAN COMPANIES

TeamViewer (TMV GY) - Q4 (EUR): Revenue 179.2mln (exp. 193.3mln), Adj. EBITDA 87mln (exp. 84.8mln). Guidance 2026: Revenue expected to grow between 0-3% Y/Y. (TeamViewer)

TUI (TUI GY) - Q1 (EUR): Revenue 4.9bln (exp. 4.86bln), Adj. EBIT 77mln (exp. 78mln). FY Outlook: Revenue Growth 2-4%; Adj. EBIT Growth 7-10%. Proposal is for a starter dividend of EUR 0.10 per share for FY 2025 and from FY 2026 a payout ratio of 10-20% of underlying EPS. (TUI)

BROKER MOVES

E.ON (EOAN GY) downgraded to Hold from Buy at Berenberg

Evonik (EVK GY) upgraded to Buy from Sell by Goldman Sachs

Lanxess (LXS GY) upgraded to Neutral from Sell by Goldman Sachs

Symrise (SY1 GY) upgraded to Buy from Neutral by Goldman Sachs

CAC

French stocks - French Government Advisory Body issues report on China, which recommends ways to neutralise competitiveness gaps, including implementation of a 30% general tariff, or a depreciation of the Euro by 20-30% vs the Renminbi.

Kering (KER FP) - FY (EUR): Revenue 14.7bln (exp. 14.8bln). Q4: Revenue 3.91bln (exp. 3.87bln). Comparable Revenue -3% (exp. -4.8%), Gucci Comparable Revenue -10% (exp. -10.4%). Expects to return to growth and improve margins in 2026. Notes that the environment remains uncertain. By Region: Western Europe and North America were broadly in line with Q3, while trends improved sequentially across all other regions. Wholesale and Other revenue was down 2% overall on a comparable basis, with Wholesale revenue for the Houses declining 9%. For Bottega Veneta, trends in Asia Pacific continued to improve, notably in South Korea, while Japan returned to growth. (Kering)

Schneider Electric (SU FP) - EcoStruxure Foxboro Software Defined Automation (SDA), the industry's first open, software‑defined Distributed Control System (DCS). (Schneider Electric)

OTHER FRENCH COMPANIES

BROKER MOVES

Arkema (AKE FP) upgraded to Buy from Neutral at Goldman Sachs

PAN EUROPE

Philips (PHIA NA) - Q4 (EUR): Sales 5.1bln (exp. 5.01bln), Comparable Sales Intake +7% Y/Y. Proposed 2025 dividend of EUR 0.85 per share, in shares or cash at the option of the shareholder. Outlook: Comparable sales growth: 3%-4.5%. Adjusted EBITA margin: 12.5%-13.0%. Free cash flow: 1.3-1.5bln. Philips publishes 2026-2028 financial targets, including mid-single-digit comparable sales growth CAGR over the period and mid-teens Adjusted EBITA margin in 2028. (Philips)

BROKER MOVES

SMI

OTHER SWISS COMPANIES

AMS OSRAM (AMS SW) - Q4 (CHF): Revenue 847mln (exp. 849.9mln), Adj. EBITDA 161mln (exp. 153.7mln), Adj. EPS 0.35 (exp. 0.11). Q1 Outlook: Revenue 710-810mln (exp. 781.5mln). (AMS OSRAM)

BROKER MOVES

Clariant (CLN SW) downgraded to Sell from Neutral at Goldman Sachs

Givaudan (GIVN SW) downgraded to Sell from Buy by Goldman Sachs

SCANDINAVIA

Novo Nordisk (NOVOB DC) - Co. confirms that it received an untitled letter from the FDA concerning a TV commercial for the WeGovy pill. (Novo Nordisk)

Salmar (SALM NO) - Q4 (NOK): Revenue 8.18bln (exp. 9.05bln), Op. EBIT 1.83bln (exp. 1.89bln). (Salmar)

Subsea7 (SUBC NO) - Co. awarded a contract in the Mediterranean Sea, worth between USD 150-300mln. Offshore activities are expected to commence in Q1 2028. (Subsea7)

Var Energi (VAR NO) - Q4 (USD): Total Income 2.24bln (exp. 2.25bln). Production of 397 kboepd in the quarter and full year 2025 production of 332 kboepd. Dividend guidance of USD 300 million for the first quarter of 20264 in line with dividend policy of 25-30% of CFFO after tax over the cycles. (Var Energi)

Wihlborgs Fastigheter (WIHL SS) - FY (SEK): EPS 7.22 (exp. 5.95), Rental Income 4.35bln, +4% Y/Y. (Wihlborgs Fastigheter)

BROKER MOVES

US

CLOSES: SPX +0.42% at 6,961, NDX +0.77% at 25,268, DJI +0.04% at 50,136, RUT +0.68% at 2,689.

SECTORS: Technology +1.59%, Materials +1.44%, Energy +0.83%, Communication Services +0.80%, Real Estate +0.59%, Industrials +0.33%, Utilities +0.31%, Consumer Discretionary -0.35%, Financials -0.62%, Consumer Staples -0.86%, Health -0.86%.

Goodyear (GT) - Shares fell 4.2% in extended trading, as traders focused on Q4 earnings miss despite revenue slightly ahead of expectations. Q4 adj. EPS 0.39 (exp. 0.49), Q4 revenue USD 4.92bln (exp. 4.85bln); saw an insurance recovery of USD 56mln, or 0.19/shr (vs 0.38 Y/Y). Revenue was supported by execution under its Goodyear Forward plan, with management noting the highest segment operating income and margin achieved in more than seven years. CEO noted ongoing industry challenges, adding that while conditions remain difficult entering Q1, it is operating with greater focus and discipline on controllable factors.

Salesforce (CRM) - Salesforce cut fewer than 1,000 roles earlier this month, affecting staff across marketing, product management, data analytics and its Agentforce AI product, according to Business Insider. The layoffs follow an executive reshuffle and come after CEO said AI agents reduced support staff from 9,000 to 5,000.

US Tariffs - House Republicans advanced a procedural motion to block a vote on President Trump’s tariff agenda, potentially delaying consideration until at least July, Bloomberg reports. The motion will be voted on this week. With a narrow majority, Republicans risk defections that could end the delay, which began last March as trade tensions with Canada escalated, the report adds.

10 Feb 2026 - 06:56- Research Sheet- Source: Newsquawk