Newsquawk Daily European Equity Opening News - 11th August 2025

ASIA

APAC stocks were mostly in the green but with gains limited and price action contained in the absence of notable catalysts from over the weekend and with Japanese markets closed for a holiday. ASX 200 notched a fresh intraday record high with lithium miners boosted after CATL temporarily suspended operations at the Jianxiawo lithium mine in China. Hang Seng and Shanghai Comp kept afloat following reports that the US licenced NVIDIA to export chips to China, with the Co. and AMD to pay 15% of China chip revenue to the US government, although gains were capped as participants continued to await an extension to the US-China tariff truce deadline which expires on Tuesday, while inflation data from China was mixed as CPI topped estimates to print flat Y/Y but coincided with a deeper-than-expected deflation in factory gate prices.

Chinese Inflation - Chinese CPI YY * (Jul) 0.0% vs. Exp. -0.1% (Prev. 0.1%); CPI MM (Jul) 0.4% vs. Exp. 0.3% (Prev. -0.1%); PPI YY (Jul) -3.6% vs. Exp. -3.3% (Prev. -3.6%)

Contemporary Amperex Technology (300750 CH) - Co. suspended production at a major lithium mine in China’s Jiangxi province for at least three months, according to sources familiar with the matter, while Co. confirmed it halted Yichun mining operations in Jiangxi due to expiration of a permit, but seeks a renewal and expects 'limited' operational impact. (Newswires)

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +0.19% at 5,342, Dax 40 +0.00% at 24,193, FTSE 100 -0.06% at 9,096, CAC 40 +0.44% at 7,743, FTSE MIB +0.56% at 41,624, IBEX 35 +0.91% at 14,825, PSI +0.23% at 7,780, SMI +0.15% at 11,867, AEX -0.13% at 891

SECTORS: Materials 0.82%, Financials 0.44%, Healthcare 0.34%, Energy 0.05%, Industrials 0.05%, Consumer Disc 0.04%, Consumer Stpl -0.03%, IT -0.07%, Telecoms -0.47%, Utilities -0.68%

FTSE 100

Energy / National Grid (NG/ LN) - Elon Musk's Tesla (TSLA) has applied for a license to supply electricity to British homes. (BBC)

Glencore (GLEN LN) - Australia Mining & Energy Union says Ulan underground mineworkers condemn co. for bringing in 60 contract workers to break strike. (Newswires)

NatWest (NWG LN) - The Times writes that the Co. continued to take funds on behalf of an alleged GBP 200mln Ponzi scheme, despite police reporting that they were investigating fraud at the business. (The Times)

S4 Capital (SFOR LN) - Sky News reports that the Co. has been contacted in recent weeks by several suitors, regarding a potential merger; according to sources, One Equity Partners (a US private equity firm) is a suitor. It is currently unclear whether the firm will remain listed on the LSE if a deal were to be struck. (Sky News)

OTHER UK COMPANIES

BROKER MOVES

Admiral (ADM LN) upgraded to Equal Weight from Underweight at Morgan Stanley

Just (JUST LN) downgraded to Hold from Buy at Jefferies

DAX

OTHER GERMAN COMPANIES

Hypoport (HYQ GY) - Q2 (EUR): Revenue 305mln, +13% Y/Y. EPS 1.54, +86% Y/Y. (Newswires)

Salzgitter (SZG GY) - H1 Final (EUR): EBT -83.8mln (prev. +11.5mln Y/Y), Revenue 4.66bln (prev. 5.24bln Y/Y). Notes of extremely difficult geopolitical environment. (Newswires)

BROKER MOVES

Symrise (SY1 GY) upgraded to Buy from Add at Baader Helvea

CAC

OTHER FRENCH COMPANIES

BROKER MOVES

PAN EUROPE

Fincantieri (FCT IM) - Co. is suing a US supplier, claiming it provided "fraudulent" insulation panels which led to more than USD 100mln in damages . (FT)

Geopols - US President Trump said he will meet with Russian President Putin on August 15th in Alaska; White House is considering inviting Zelensky. Russia President Putin reportedly demands Ukraine cede Donetsk, Luhansk and Crimea, for Russia to halt the war, according to WSJ citing Ukrainian and European officials. (Newswires)

Vinci (DG FP) / ACS (ACS SM) - Cos sign final agreement for the acquisition of Cobra, for total value of EUR 5.3bln; Vinci says no significant impact on co's financial statements. (Newswires)

BROKER MOVES

SMI

Novartis (NOVN SW) - Novartis announces both ianalumab Phase III clinical trials met primary endpoint in patients with Sjogren's disease. (Newswires)

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

Orsted (ORSTED DC) - H1 (DKK): Net Income +3.35bln (prev. -1.68bln Y/Y), Revenue 37.8bln (prev. 34.2bln Y/Y), EBITDA 6.64bln (prev. 6.57bln Y/Y), Net Profit 3.35bln. Changed directional guidance for offshore to "Neutral" (prev. "Higher"). Estimates a total potential further impairment risk of approx. DKK 1.3bln related to tariffs. Co. announces plan for a rights issue, which aims to raise gross proceeds of DKK 60bln. Danish stake is to subscribe for it 50.1% pro rate share of rights issue. Updates medium term target: Sees EBITDA in excess of DKK 28bln in 2026 and in excess of DKK 32bln in 2027. Discontinues partial divestment of Sunrise Wind Project. Plans DKK 145bln investment programme between 2025-27, relating to portfolio of construction projects. (Newswires)

BROKER MOVES

Sandvik (SAND SS) downgraded to Sell from Hold at Nordea

US

CLOSES: SPX +0.79% at 6,390, NDX +0.95% at 23,611, DJI +0.44% at 44,162, RUT +0.17% at 2,218.

SECTORS: Technology +1.22%, Communication Services +1.20%, Financials +0.92%, Health +0.91%, Energy +0.68%, Materials +0.54%, Consumer Staples +0.36%, Consumer Discretionary +0.19%, Industrials -0.01%, Utilities -0.45%, Real Estate -0.82%.

Fed - Trump’s team reportedly expands search for Fed Chair, adding new names to list, according to WSJ; Trump's advisers are reviewing new contenders, including former St. Louis Fed President James Bullard and Marc Sumerlin, a former George W. Bush adviser. (Newswires)

NVIDIA (NVDA) - US licensed NVIDIA to export chips to China after CEO Huang met with US President Trump, while it was also reported that NVIDIA and AMD (AMD) will pay 15% of China chip revenues to the US government, according to FT. (FT)

Nuclear - According to the FT, several nuclear reactor firms are looking into SPAC mergers. (FT)

11 Aug 2025 - 06:54- Research Sheet- Source: Newsquawk