Newsquawk Daily European Equity Opening News - 15th August 2025

ASIA

APAC stocks predominantly traded in the green after the region mostly shrugged off the indecisive performance seen on Wall St in the aftermath of the much hotter-than-expected PPI report, although the upside was capped overnight amid disappointing Chinese activity data and as participants await the Trump-Putin meeting on Friday. ASX 200 extended on record highs with the advances led by outperformance in mining, energy and the utilities sectors. Nikkei 225 rallied above the 43,000 level with sentiment lifted following stronger-than-expected Japanese GDP data. Hang Seng and Shanghai Comp were mixed with the Hong Kong benchmark dragged lower by losses in tech as JD.com's shares were pressured following a drop in its earnings, while the mainland ultimately weathered the miss on Chinese activity data which showed retail sales fell short of the most pessimistic of analyst forecasts.

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +0.90% at 5,437, Dax 40 +0.75% at 24,367, FTSE 100 +0.13% at 9,177, CAC 40 +0.84% at 7,870, FTSE MIB +1.11% at 42,654, IBEX 35 +1.09% at 15,184, PSI -0.47% at 7,723, SMI +0.31% at 12,009, AEX -0.20% at 898.

SECTORS: Industrials 1.13%, Utilities 1.13%, Financials 0.85%, Telecoms 0.72%, Consumer Disc 0.52%, Healthcare 0.47%, IT 0.06%, Consumer Stpl -0.03%, Materials -0.17%, Energy -0.58%.

FTSE 100

OTHER UK COMPANIES

BROKER MOVES

DAX

Brenntag (BNR GY) - Acquisition of assets from TPE Midstream, to expand the growing n-spec pipeline services division. (Newswires)

Volkswagen (VOW3 GY) - Agreement on the expansion of E/E architecture technical collaboration with Xpeng (9868 HK). (Newswires)

OTHER GERMAN COMPANIES

BROKER MOVES

CAC

OTHER FRENCH COMPANIES

BROKER MOVES

PAN EUROPE - Italian Market Holiday

Chip/Metal/Mining Names - China is warning western companies against stockpiling rare earths or risk even greater shortages, according to FT. (FT)

Phillips (PHIA NA) - Intends to invest over USD 150mln in manufacturing and R&D within the US, to expand production of AI-powered heath technology innovations.. (Newswires)

Shein IPO - UK unit reports 2024 revenue of GBP 2.05bln (prev. 1.55bln), PBT 38.3bln (prev. 24.4bln). (Newswires)

BROKER MOVES

SMI

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

Pandora (PNDORA DC) - Q2 2025 (DKK): Revenue 7.08bln (exp. 7.17bln), EBIT 1.29bln (exp. 1.30bln). FY25 Guidance: Organic Growth 7-8% (reiterated), adj. EBIT margin c. 24% (exp. 24%); maintained "despite including the 60bp headwind based on current tariff levels.". Store closures in China "will have minimal impact on Pandora's organic growth with network expansion still expected to be 3%". (Pandora)

BROKER MOVES

US

CLOSES: SPX +0.01% at 6,467, NDX -0.07% at 23,832, DJI +0.01% at 44,927, RUT -1.35% at 2,297.

SECTORS: Financials +0.55%, Health +0.5%, Consumer Discretionary +0.45%, Communication Services +0.42%, Technology -0.03%, Energy -0.17%, Utilities -0.71%, Real Estate -0.72%, Consumer Staples -0.73%, Materials -0.81%, Industrials -0.88%.

Applied Materials (AMAT) - Shares fell by over 13% in extended trading, despite top- and bottom-line beats in Q3, as it cited weaker demand amid US-China trade tensions. Q3 adj. EPS 2.48 (exp. 2.36), Q3 sales USD 7.302bln (exp. 7.223bln), Q3 adj. net income USD 1.989bln (exp. 1.906bln). Exec said it was expecting a decline in Q4 revenue driven by digestion of capacity in China. Said "we are currently operating in a dynamic macroeconomic and policy environment, which is creating increased uncertainty and lower visibility in the near term, including for our China business," but it still remains "very confident in the longer-term growth opportunities for the semiconductor industry and Applied Materials." Sees Q4 total net revenues between 6.2-7.2bln (exp. 7.3bln), and sees Q4 adj. EPS between 1.91-2.31 (exp. 2.40).

Intel (INTC) - The Trump administration is in talks to take a stake in Intel to support its delayed Ohio chip plant, once intended as the world’s largest, Bloomberg reports. The potential stake size is unknown, with discussions highlighting closer US government involvement in the semiconductor industry, the report adds.

15 Aug 2025 - 06:55- EquitiesData- Source: Newsquawk