Newsquawk Daily European Equity Opening News - 28th August 2025

ASIA

APAC stocks were predominantly higher but with mixed trade seen throughout the session as risk appetite was clouded post-NVIDIA earnings despite the AI darling beating on top of bottom lines, with investors wary as guidance was not as strong as some had hoped and questions remained regarding China chip sales. ASX 200 lacked conviction amid another deluge of earnings and with sentiment not helped by disappointing capex data. Nikkei 225 edged higher but with price action indecisive after Japan's top trade negotiator postponed a planned US trip. Hang Seng and Shanghai Comp traded mixed with underperformance seen in Hong Kong following recent earnings including Meituan which reported a substantial drop in profits, while participants look ahead to results from China's largest lenders.

Chinese Steel - China issued plans to stabilise growth in the steel sector between 2025 and 2026, while it aims to speed up production commencement, capacity and output expansion for key domestic iron ore projects. (Newswires)

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +0.18% at 5,393, Dax 40 -0.41% at 24,054, FTSE 100 -0.11% at 9,256, CAC 40 +0.44% at 7,744, FTSE MIB -0.72% at 42,349, IBEX 35 -0.62% at 15,025, PSI -0.36% at 7,816, SMI +0.45% at 12,215, AEX +0.31% at 908

SECTORS: IT 1.18%, Consumer Disc 0.83%, Healthcare 0.78%, Energy 0.60%, Telecoms 0.37%, Utilities 0.22%, Consumer Stpl 0.14%, Industrials -0.26%, Materials -0.29%, Financials -0.66% 

FTSE 100

BP (BP/ LN) - BP's Whiting, Indiana refinery (440k BPD) has resumed normal operations. (Newswires)

Ex-dividends - Auto Trader (AUTO LN), Games Workshop (GAW LN), Alliance Witan (ALWA LN), LondonMetric Property (LMPL LN), and Croda International (CRDA LN) will trade without entitlement to their latest dividend pay-out. (Newswires)

GSK (GSK LN) - UK's medicines regulator approved GSK's Blujepa drug for UTI in women and girls. (Newswires)

UK Tax - UK Treasury is said to be considering a tax hike on landlords by imposing national insurance on rental income ahead of Chancellor Reeves’ autumn budget, according to The Times. (The Times)

OTHER UK COMPANIES

BROKER MOVES

DAX

Continental (CON GY) - Regent acquires original equipment solutions from Contitech. No terms and still subject to antitrust approval. (Newswires)

Rheinmetall (RHM GY) - Bild reports that the Co. intends to take over German shipbuilder NVL. (Bild)

OTHER GERMAN COMPANIES

BioNTech (22UA GY) / Pfizer (PFE) - Cos receive US FDA approval for adults 65 and older. (Newswires)

Delivery Hero (DHER GY) - H1 (EUR): GMB 24.62bln, +3.9% Y/Y, Total Segment Revenue 7.19bln, +18.9% Y/Y. Updates FY 2025 guidance to reflect FX headwinds, now expects lower adj. EBITDA and FCF. Outlook (EUR). Sees FY adj. EBITDA between 900-940mln (prev. guided 975mln-1.025bln). Sees FY FCF to generate over 120mln (prev. guided "over" 200mln). (Newswires)

Nordex (NDX1 GY) - Co. to install 45-MW wind farm for Trianel in Germany. (Newswires)

Strabag (STB1 GY) - H1 (EUR): Net Income 94.4mln (prev. 1.5mln Y/Y), Revenue 7.95bln (prev. 7.46bln Y/Y). Affirms guidance. (Newswires)

BROKER MOVES

CAC

Pernod Ricard (RI FP) - FY25 (EUR): Revenue 10.96bln (exp. 11bln), -3% (co. consensus -3.2%) Q4: Organic Sales 0% (exp. -0.84%). Outlook: Notes that FY26 is exp. to be a transition year with improving trends in Organic Net Sales, skewed toward H2. Expects decline in Q1. Cash conversion to improve further vs FY25, FX impact to be significantly negative. (Newswires)

Technip Energies (TE FP) - Awarded feed contracts for Abadi LNG Project. Contracts will be performed in a consortium with JGC corporation. (Newswires)

OTHER FRENCH COMPANIES

Eiffage (FGR FP) - H1 (EUR): Revenue 11.93bln. Order book for energy systems +9% Y/Y. Confirms 2025 outlook. (Newswires)

BROKER MOVES

PAN EUROPE

Italian Stocks - Italian government is said to be mulling a tax on listed firms' share buybacks, according to La Stampa. (La Stampa)

ProSiebenSat.1 (PSM GY) / MFE (MFEB IM) - PPF sells ProSiebenSat.1 stake to MFE. PPF tendered its approx. 15.68% stake in ProSiebenSat.1 into MFE's offer. (Newswires)

Tech - NVIDIA (NVDA) shares fell 3.1% after-hours, despite reporting a beat on its top- and bottom-lines but with focus on the lower-than-expected data centre revenue. Further, the outlook forecast was not as strong as some had expected, with Q3 rev. expected at USD 53bln vs some expectations as high at USD 60bln. Details in the US section below.

BROKER MOVES

Banca Mediolanum (BMED IM) initiated with Hold at Kepler Cheuvreux

SMI

SoftwareOne (SWON SW) - H1 (CHF): Adj. EBITDA 114.7mln (prev. 122mln Y/Y), Revenue 487.7mln (prev. 530mln Y/Y). Cuts FY25 Revenue +0% (prev. guided +2-4% Y/Y). (Newswires)

OTHER SWISS COMPANIES

Sandoz (SDZ SW) - Launches rivaroxaban in Germany. (Newswires)

BROKER MOVES

SCANDINAVIA

Elekta (EKTAB SS) - Q1 (SEK): Adj. EBIT 235mln (exp. 203mln), Revenue 3.65bln (exp. 3.64bln). (Newswires)

SAAB (SAABB SS) - Reveals new counter-UAS missile Nimbrix. Aims for first deliveries in 2026. (Newswires)

BROKER MOVES

US

CLOSES: SPX +0.24% at 6,481, NDX +0.17% at 23,566, DJI +0.32% at 45,565, RUT +0.64% at 2,374

SECTORS: Energy +1.14%, Technology +0.48%, Real Estate +0.43%, Consumer Staples +0.22%, Materials +0.19%, Financials +0.18%, Utilities +0.06%, Consumer Discretionary +0.05%, Industrials -0.02%, Health -0.05%, Communication Services -0.09%

CrowdStrike Holdings Inc (CRWD) - Q2 2026 (USD) Q2 Adj. EPS 0.93 (exp. 0.83), Revenue 1.17bln (exp. 1.15bln). (Newswires

HP Inc (HPQ) Q3 2025 (USD) Adj. EPS 0.75 (exp. 0.75), Revenue 13.93bln (exp. 13.69bln), Next Qtr. EPS (exp. 0.92)

NVIDIA Corp (NVDA) - NVIDIA shares fell 3.1% after-hours, despite reporting a beat on its top- and bottom-lines but with focus on the lower-than-expected data centre revenue. Further, the outlook forecast was not as strong as some had expected, with Q3 rev. expected at USD 53bln vs some expectations as high at USD 60bln. In detail: Q2 2026 (USD): Adj. EPS 1.05 (exp. 1.00), Revenue 46.74bln (exp. 45.51bln). Q3 revenue view 54bln (exp. 53bln). Announces additional USD 60bln buyback. Revenue breakdown: Data Centre: 41.1bln (vs LSEG exp. 40.33bln/Bbg exp. 41.29bln). Gaming: 4.3bln (exp. 3.9bln). Automotive: 586mln (exp. 595.40mln). Professional Visualisation: 601mln (exp. 522mln). Outlook: The company has not assumed any H20 shipments to China in the outlook. Q3 Adj. GM view 73.00-74.00% (exp. 73.38%). Q3 revenue view 54bln (+/- 2%) (exp. 53bln). Commentary: Benefited from USD 180mln release of prior reserved H20 inventory, from about USD 650mln in unrestricted H20 sales to customer outside China. There were no H20 sales to China-based customers in Q2. Continues to expect to exit year with adj. GM in mid 70% range. Says US government officials expressed expectation that the US government will receive 15% of revenue generated from licensed H20 sales, adds any request for a percentage of revenue may subject us to litigation and increase our costs.

Snowflake (SNOW) - Q2 2026 (USD): Adj. EPS 0.35 (exp. 0.27), Revenue 1.1bln (exp. 1.08bln). (Newswires)

28 Aug 2025 - 06:57- Research Sheet- Source: Newsquawk