Newsquawk Daily European Equity Opening News - 2nd January 2026

ASIA

ASX 200 posted mild gains of 0.2% in quiet trade, with hefty losses in gold miners hampering the gains from Energy and Financials. KOSPI jumped about 2% to a fresh record high, helped by a roughly 6% rise in Samsung Electronics, after reports said customers praised its HBM (high memory bandwidth) chips. Hang Seng surged ~2.6%, with gains led by education stocks, while AI chip designer Shanghai Biren gained in excess of 100% following an HKD 5.58bln Hong Kong IPO, which was said to be heavily oversubscribed.

Chinese Data - Chinese Manufacturing PMI (Dec) 50.1 vs Exp. 49.2 (Prev. 49.2); Non-Manufacturing PMI (Dec) 50.2 vs Exp. 49.6 (Prev. 49.5); Composite PMI (Dec) 50.7 (Prev. 49.7); RatingDog Manufacturing PMI (Dec) 50.1 vs Exp. 49.8 (Prev. 49.9)

EUROPEAN CLOSES

CLOSES: AEX U/C, FTSE 100 -0.1%, CAC 40 -0.2%, IBEX 35 -0.3% As of 31/12/25

FTSE 100

UK - UK PM Starmer promised to "defeat the decline and division offered by others" in his new year message and insisted that people would feel a "positive change" in their lives in 2026, according to BBC. (BBC)

UK Coffee names / Greggs (GRG LN) - Costa Coffee financial losses have doubled, suffering its worst year since 2021; the Co. cites cut-price rivals and the recent pick-up of independent coffee shops. (The Telegraph)

OTHER UK COMPANIES

BROKER MOVES

DAX

OTHER GERMAN COMPANIES

Evotec (EVT GY) - Co. appoints Dr. Sarah Fakih as Executive Vice President, Head of Global Communications and Investor Relations. (Evotec)

BROKER MOVES

CAC

OTHER FRENCH COMPANIES

Casino (CO FP) - Announces the disposal of BAO Cash & Carry business, in Cameroon. (Casino)

Getlink (GET FP) - BBC reports that normal service has "largely resumed" on the Eurostar, following a power supply issue which led to significant delays. (BBC)

Technip Energies (TE FP) - Co. completes acquisition of Ecovyst’s Advanced Materials & Catalysts business. (Technip Energies)

BROKER MOVES

PAN EUROPE

Autos - Chinese automakers’ market share of Europe’s electric-vehicle market in November reached a record 12.8%, despite the cost of European Union tariffs, according to Bloomberg. (Bloomberg)

EU-China - China’s Commerce Ministry called the EU’s carbon border tax unfair and discriminatory, while it vowed to take countermeasures to defend the country’s interests, according to statement on Thursday cited by Bloomberg. (Bloomberg)

Geopols - Ukrainian President Zelensky denied allegations made by Russia that Ukraine launched a drone attack on one of Russian President Putin's residences last Sunday, and accused Moscow of trying to derail peace talks. Furthermore, Russia recently handed over to the US what it claimed was proof of the attempted strike on Putin’s residence, although it was separately reported that US officials determined that the Russian allegation that Ukraine targeted Putin in a drone strike is false, according to WSJ. (WSJ)

TomTom (TOM2 NA) - TomTom launches Orbis Lane Model Maps for fresh, lane-level precision at scale. (TomTom)

US-Italy - Italy's Foreign Ministry announced on Thursday that the US sharply lowered the proposed duties on several Italian pasta makers from the additional 92% duty proposed in October with the tariff for La Molisana to 2.26% and for Garofalo set to 13.98%, while 11 other producers will face tariffs of 9.09%. (Newswires)

BROKER MOVES

SMI

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

Orsted (ORSTED DC) - Orsted's JV, Revolution Wind LLC, to file preliminary injunction against lease suspension order. Co. believes that the lease suspension order violates applicable law. (Orsted)

Skanska (SKAB SS) - Co. awarded an additional SEK 2.2bln contract in the US; construction is set to begin in Q4'25. (Skanska)

BROKER MOVES

US

CLOSES: ES -0.7%, NQ -0.8%, RTY -0.8% As of 31/12/25

Trade - US President Trump signed a New Year’s Eve proclamation titled “AMENDMENTS TO ADJUSTING IMPORTS OF TIMBER, LUMBER, AND THEIR DERIVATIVE PRODUCTS INTO THE UNITED STATES”. This included a delay in tariff increases on upholstered furniture, kitchen cabinets and vanities for a year, which keep’s the tariff levels for the aforementioned goods at 25%, instead of raising it to 30% for upholstered furniture and 50% for kitchen cabinets and vanities, citing ongoing trade talks, according to Associated Press.

02 Jan 2026 - 07:00- EquitiesData- Source: Newsquawk