Newsquawk Daily European Equity Opening News - 13th August 2025

ASIA

APAC stocks were mostly higher as the region took impetus from the gains stateside where CPI data was not as hot as feared and kept a September Fed rate cut on the table. ASX 200 bucked the trend and was dragged lower by underperformance in Utilities and the top-weighted Financial sector, with the latter suffering amid losses in CBA post-earnings. Nikkei 225 continued its advances and rallied to fresh record highs above the USD 43,000 level, while the somewhat varied PPI data from Japan had little influence on price action. Hang Seng and Shanghai Comp were underpinned alongside the mostly upbeat mood across the Asia-Pac region and with a briefing by Chinese officials on supporting consumption, while China had announced on Tuesday to provide interest subsidies for qualifying personal consumption loans in the country's latest effort to boost consumption.

China - China Mofcom official says service consumption has big growth potential, adds supporting service consumption will help expand domestic demand and employment. (Newswires)

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +0.09% at 5,337, Dax 40 -0.13% at 24,050, FTSE 100 +0.20% at 9,148, CAC 40 +0.71% at 7,753, FTSE MIB +0.85% at 41,935, IBEX 35 +0.02% at 14,859, PSI +0.13% at 7,755, SMI +0.12% at 11,884, AEX +0.11% at 895.

SECTORS: Industrials 1.34%, Energy 1.06%, Materials 0.63%, Healthcare 0.40%, Consumer Disc 0.31%, Telecoms 0.03%, Financials -0.03%, Consumer Stpl -0.17%, Utilities -0.52%, IT -1.72%

FTSE 100

OTHER UK COMPANIES

Assura (AGR LN) - KKR says takeover offer lapses and conditions were not met. (Newswires)

BROKER MOVES

Legal & General (LGEN LN) downgraded to Neutral from Overweight at JPMorgan

Watches of Switzerland (WOSG LN) downgraded to Hold from Buy at Kepler Cheuvreux

DAX

Brenntag SE (BNR GY) - Q2 (EUR): Op. EBITA 246.6mln (exp. 260mln), Revenue 3.87bln (exp. 4.02bln). Expects Op. EBITA to be in a 0.95-1.05bln range (prev. guided 1.1-1.3bln). Cuts outlook noting noticeable slowdown in demand and increased pricing pressure across different end markets. (Newswires)

E.ON (EOAN GY) - H1 (EUR): Adj. EBITDA 5.52bln (prev. 4.9bln Y/Y), Revenue 41.6bln (prev. 39.5bln Y/Y). Affirms guidance. (Newswires)

OTHER GERMAN COMPANIES

Evotec (EVT GY) - H1 (EUR): Adj. EBITDA -1.9mln (prev. -0.5mln Y/Y), Revenue 371.2mln (prev. 391mln Y/Y). Affirms guidance. Cost savings expected to exceed targets previously announced. (Newswires)

Fraport (FRA GY) - Passengers at Frankfurt Airport 6.1mln, +1.6% Y/Y. (Newswires)

Prosiebensat 1 Media (PSM GY) - General Atlantic tendered its 2.40% stake in Prosiebensat 1 Media to PPF, according to Reuters citing sources; this is in opposition of Prosiebensat 1 Media's management which endorsed a rival offer from MFE (MFEB IM). (Reuters)

Renk (R3NK GY) - H1 (EUR): Revenue 620mln, +22% Y/Y, Adj. EBIT 89mln, +29% Y/Y, Order Intake 921mln, +47% Y/Y. Reaffirmed guidance. (Newswires)

Sixt (SIX2 GY) - Q2 (EUR): Sales 1.08bln, +7.4% Y/Y, EBITDA 353.1mln, -8.1% Y/Y. Confirms FY outlook. (Newswires) Shares -5.5% in pre-market trade

TUI (TUI1 GY) - Final Q3 (EUR): Revenue 6.20bln (prev. 5.79bln Y/Y). Affirms guidance. Reports 2% decline in summer bookings citing Middle East conflict and other factors. Note: FY25 guidance was raised in the prior trading session

ThyssenKrupp Nucera (NCH2 GY) - Q3 (EUR): Net Income -2mln (exp. 1mln), EBIT 0mln (exp. 1mln), Revenue 184mln (prev. 235.7mln Y/Y). Confirms FY guidance. (Newswires)

BROKER MOVES

GEA (G1A GY) downgraded to Equal Weight from Overweight at Morgan Stanley

Hannover Re (HNR1 GY) upgraded to Neutral from Underperform at Oddo

CAC

OTHER FRENCH COMPANIES

BROKER MOVES

PAN EUROPE

Geopolitics - Ukraine President Zelensky says he understood that Russia wants Kyiv to pull out of Donbas, and will not advance in other directions in exchange. Says Ukraine will not pull out of Donbas as such a move would open way for Russia to attack Dnipropetrovsk, Zaporizhzhia regions, Kharkiv. (Newswires)

US-China - US Treasury Secretary Bessent says will meet again with Chinese officials in the next two or three months, according to Fox Business News They are solving several variables with China. Will need to see months, if not a year, of progress on fentanyl flows before Chinese tariffs come down. India has been "a bit recalcitrant" in trade negotiations. (Newswires)

BROKER MOVES

SMI

Straumann (STMN SW) - H1 (CHF): EBIT 329.6mln (exp. 366.4mln). Buys Maxon Dental to expand Ceramic Implants. (Newswires)

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

Evolution (EVOL SS) - Bloomberg reports that Evolution executives, both former and current, were secretly filmed conversing on how its casino games had entered its way illegal into the likes of Iran, China and Sudan. The report which cites a filing submitted to a New Jersey court, adds that operations were active in US-sanctioned countries such as in Syria and Iran. The Co. declined to comment on this story. (Bloomberg)

Nordic Semiconductor (NOD NO) - Q2 (USD): EBITDA 20.8mln (exp. 16mln), Revenue 164mln (exp. 158mln). Guides Q3 Revenue 165-185mln (exp. 165mln). (Newswires)

Vestas Wind Systems (VWS DC) - Q2 (EUR): Adj. EBIT 57mln (exp. 86mln), Revenue 3.75bln (exp. 3.99bln). Order intake 2.00GW, -44% Y/Y. Affirms guidance. Sees FY Revenue 18-20bln (exp. 19.13bln). Highlights that tariffs will likely increase costs over time. (Newswires)

BROKER MOVES

Novo Nordisk (NOVOB DC) upgraded to Neutral from Underperform at BNP Paribas

US

CLOSES: SPX +1.13% at 6,446, NDX +1.33% at 23,839, DJI +1.10% at 4,4459, RUT +2.99% at 2,283.

SECTORS: Communication Services +1.79% Technology +1.41% Financials +1.23% Materials +1.14% Industrials +1.09% Consumer Discretionary +0.87% Health +0.74% Energy +0.49% Utilities +0.44% Real Estate +0.22% Consumer Staples +0.17%.

CoreWeave Inc (CRWV) - CoreWeave's shares fell 11.4% in extended trading after its quarterly net loss widened over 20-fold to USD 130.8mln on margin pressures from rapid AI datacentre expansion, and its raised Q3 guidance disappointed lofty expectations following its strong stock run since its March debut. It reported Q2 EPS of -0.60 (exp. -0.21), Q2 revenue of USD 1.21bln (exp. 1.08bln), Q2 adj. EBITDA was USD 753.2mln (vs 249.8mln Y/Y), and it reported its backlog stood at USD 30.1bln. Exec noted continued momentum across every dimension of the business, and said it was scaling rapidly as it looks to meet the unprecedented demand for AI. Sees Q3 revenue between USD 1.26-1.30bln (exp. 1.25bln), Q3 adj. operating income between USD 160-190mln; margins are seen temporarily pressured by capacity ramp-up ahead of revenue. Sees Q3 interest expense USD 350–390mln, CapEx USD 2.9–3.4bln, and stock-based comp to stay slightly elevated through 2025. Raises FY25 revenue view to USD 5.15-5.35bln (exp. 5.04bln), but keeps its FY25 adj. operating income outlook at between USD 800-830mln, while it forecasts FY CapEx between USD 20-23bln.

Eli Lilly (LLY) - CEO David Ricks purchased 1,632 shares on August 12th, at USD 644.769/shr, for a total USD 1.05mln. CSO Daniel Skovronsky purchased 1,000 shares on August 12th, at USD 634.405/shr, for a total USD 634,405. CSO Daniel Skovronsky purchased 1,000 shares on August 12th, at USD 634.405/shr, for a total USD 634,405.

Exxon (XOM) - Exxon awarded large deepwater area in Trinidad and Tobago, with potential investment up to USD 21.7bln if reserves are found, Reuters reports. Initial plan includes USD 42mln for seismic and wells, aiming to replicate its Guyana success. Existing infrastructure could accelerate output, with exploration set to start in six months.

Fed - US Treasury Secretary Bessent says hopeful Miran can be confirmed for Fed seat before the September meeting, adds Fed should think about a 50bp cut in September, according to a Fox Business interview. (Fox Business)

Hims & Hers (HIMS) - Hims & Hers Health CEO Andrew Dudum sold more than USD 33mln of company stock via a family trust, in the largest insider trade since its 2019 IPO. The 660,000 shares were sold on August 7th under a preestablished trading plan, unrelated to recent price changes.

US Tariff Revenue - US tariff revenue hit a record USD 28bln in July (+273% Y/Y), but the monthly budget deficit widened to USD 291bln, highlighting ongoing fiscal challenges despite higher customs duties.

13 Aug 2025 - 06:58- Research Sheet- Source: Newsquawk