Newsquawk Daily European Equity Opening News - 30th January 2026

ASIA

APAC stocks were pressured heading into month-end, as the Apple-related euphoria following record iPhone sales, was dampened as yields gained and the dollar strengthened on reports that the Trump administration is preparing for the nomination of Kevin Warsh as the next Fed Chair. ASX 200 was dragged lower by underperformance in miners and resources stocks as metal prices took a hit. Nikkei 225 swung between gains and losses following a slew of data releases, including softer-than-expected Tokyo CPI, better-than-expected Industrial Production and weak Retail Sales, but with the downside in the index cushioned by a weaker currency. Hang Seng and Shanghai Comp underperformed with little fresh drivers and indirect pressure from US President Trump, who warned of dangers for the UK and Canada regarding getting into business with China, while CK Hutchison shares were hit after reports that the Panama Supreme Court ruled the Co.'s ports contract is unconstitutional.

LG Electronics (066570 KS) - Final Q4 (KRW) loss 828bln, oper. loss 109bln (prelim. loss 109bln), rev. 23.9tln (prelim. 23.9tln). (Newswires)

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 -0.55% at 5,901, Dax 40 -2.13% at 24,293, FTSE 100 +0.17% at 10,172, CAC 40 +0.06% at 8,071, FTSE MIB -0.14% at 45,076, IBEX 35 -0.17% at 17,577, PSI -0.22% at 8,644, SMI +0.79% at 13,147, AEX -0.02% at 997

SECTORS: Energy 1.86%, Consumer Stpl 1.04%, Industrials 0.35%, Utilities 0.21%, Materials 0.05%, Healthcare 0.02%, Telecoms -0.01%, Financials -0.02%, Consumer Disc -0.48%, IT -4.56%

FTSE 100

Rio Tinto (RIO LN) - Co. announces plan to strengthen its global low-carbon aluminium footprint through joint acquisition with Chalco of Votorantim’s interest in CBA; Rio Tinto to pay approximately BRL 1,55bln.(Rio Tinto)

UK Business - UK Lloyds Business Barometer (Jan) 44 (Prev. 47). (Newswires)

UK Trade - China and the UK agree to resume high-level security dialogue, Xinhua reports; new strategic and economic dialogue planned in 2026. (Newswires)

OTHER UK COMPANIES

BROKER MOVES

DAX

Adidas (ADS GY) - Prelim Q4 operating profit EUR 164mln (exp. 159.4mln), Revenue 6.07bln (prev. 5.96bln Y/Y), Gross Margin 50.8% (prev. 49.8% Y/Y), Op. Profit 164mln (prev. 57mln Y/Y). FY: Revenue 24.81bln (prev. 23.68bln Y/Y), Op. Profit 2.05bln (prev. 1.33bln Y/Y). Co. to buyback shares worth up to EUR 1bln in 2026, citing robust fundamentals and healthy balance sheet. Will issue guidance on March 4. 2026. (Adidas)

Mercedes (MBG GY) - Co. proceeding with robotaxi plan with NVIDIA (NVDA). (NVIDIA )

OTHER GERMAN COMPANIES

ATOSS Software (AOF GY) - FY (EUR): Revenue 189.3mln (exp. 189.7mln), EPS 3.04 (Exp. 2.84). (ATOSS Software)

BROKER MOVES

SAP (SAP GY) downgraded to Perform from Outperform at Citizens JMP Securities

CAC

Danone (BN FP) - Co. recalls some batches of baby formula in Germany. (Newswires) This follows the announcement by the Co. to recall some products on the 23rd January, as part of their aim to comply with food safety.

Safran (SAF FP) - Co. expands operations for Rafale engine parts at Le Creusot factory with EUR 70mln investment. (Safran)

OTHER FRENCH COMPANIES

Elis (ELIS FP) - FY (EUR): Revenue 4.8bln (exp. 4.79bln). To provide guidance on 11 March 2026. (Elis)

Eutelsat (ETL FP) - Co. announced the end of the transaction to dispose its passive ground segment infrastructure assets. The net proceeds attributable to Eutelsat from the transaction would have been in the region of EUR 550mln. French FinMin said "I decided to prevent Eutelsat from selling ground antennas" (Eutelsat)

WDP (WDP BB) - FY (EUR): EPS 1.53, +7% Y/Y. Long-term targets per share in 2030 (vs. base year 2025): EPRA Earnings per share: annual increase of minimum +6%. (WDP)

BROKER MOVES

PAN EUROPE

CaixaBank (CABK SM) - FY (EUR): NII 10.67bln (prev. 11.10bln Y/Y), Profit 5.89bln (prev. 5.78bln Y/Y), RoE 0.22% (prev. 0.27% Y/Y), CET1 12.6% (prev. 12.2% Y/Y). Q4: NII 2.71bln, +1.5% Q/Q. (CaixaBank)

Food delivery names / Just Eat- Grubhub will remove delivery and service fees on restaurant orders above USD 50 as it seeks to attract customers from DoorDash (DASH) and Uber (UBER). The change begins rolling out to some users Thursday ahead of a wider launch on 2nd February, extending benefits previously limited to subscribers. (Newswires)

Signify (LIGHT NA) - FY25 (EUR): Revenue 5.57bln (prev. 6.14bln Y/Y), Net income 259mln (prev. 334mln Y/Y), Adj. EBITA margin 8.9% (prev. 9.9% Y/Y), Basic EPS 2.60 (prev. 2.06 Y/Y) ; initiates a 180mln cost reduction program, halting stock buybacks. (Signify)

Raiffeisen Bank (RBI AV) - Q4 (EUR): NII 4.18bln (prev. 4.15bln Y/Y), PBT 2.21bln (prev. 1.71bln Y/Y). Outlook for 2026 (excluding Russia): main revenues to increase by mid-single digits, loan growth around 7% and CET1 ratio above 15%. (Raiffeisen Bank)

BROKER MOVES

Maersk (MAERSKB DC) downgraded to Sell from Hold by Nordea

SMI

Swatch Group (UHR SW) - FY25 (CHF): Revenue 6.28bln (exp. 6.15bln), Operating income 135mln (prev. 198mln Y/Y). “The very positive momentum in the second half of the year, and the acceleration in the last quarter, continued in January 2026 for all price segments. The Group expects very positive sales and volume developments for 2026”. Outlook: Guides initial FY26 with “substantial growth for all price segments”. (Swatch)

OTHER SWISS COMPANIES

Galderma (GALD SW) – Co. unveils finding from a global survey of peri and post-menopausal women from nine countries exploring the impact of menopause on the skin at the International Master Course on Aging Science (IMCAS) 2026 World Congress in Paris, France, from January 29-31, 2026. (Newswires)

BROKER MOVES

SCANDINAVIA

Billerud (BILL SS) - Q4 (SEK): Sales 9.24bln (exp. 9.98bln), EPS 1.22 (exp. 0.83). CEO: “ The volume development was a disappointment, mainly driven by continued weak market conditions for board in Europe and Asia”. (Billerud)

Elisa (ELISA FH) - Q4 2025 (EUR): EPS 0.56 (exp. 0.56), EBITDA 160mln (exp. 200mln), Revenue 588mln (exp. 596mln); Campaigning in the Finnish consumer mobile market was more intense than what has been seen in many years, leading to higher than usual sales costs. (ELIS)

Electrolux (ELUXB SS) - Q4 (SEK): Sales 35.1bln (exp. 35.7bln), Op. Income 1.51bln (exp. 1.05bln). “We anticipate that a high degree of demand will continue to be driven by replacement purchases”. (Electrolux)

SKF (SKFB SS) - Q4 (SEK): Sales 22bln (exp. 22.7bln), Adj. EBIT 2.59bln (exp. 2.59bln). “We expect market demand to remain at similar levels as in Q4. Consequently, we expect organic sales to strengthen somewhat year-over-year, supported by more favourable comparables”. (SKF)

Subsea7 (SUBC NO) - Co. awarded contract offshore US. (Subsea7)

BROKER MOVES

Kojamo (KOJAMO FH) downgraded to Hold from Buy by SEB

Pandora (PNDRA DC) downgraded to Hold from Buy by SEB; PT cut to DKK 500/shr (prev. DKK 1400/shr)

US

CLOSES: SPX -0.13% at 6,969, NDX -0.53% at 25,884, DJI +0.11% at 49,072, RUT +0.05% at 2,655

SECTORS: Technology -1.86%, Consumer Discretionary -0.64%, Health -0.27%, Consumer Staples -0.03%, Utilities +0.08%, Materials +0.14%, Industrials +1.02%, Energy +1.08%, Financials +1.11%, Real Estate +1.42%, Communication Services +2.92%.

Apple (AAPL) - Apple shares ended the extended US trading session around flat, having initially rose after profit and revenue beat expectations, driven by exceptionally strong demand for the latest iPhone models that delivered the company’s best iPhone sales growth in over four years. Apple also announced that it had acquired Israeli audio AI startup Q.ai; terms were undisclosed, but reports suggest the deal valued Q.ai at about USD 1.6bln. Apple reported Q1 EPS of 2.84 (exp. 2.67), Q1 revenue of USD 143.8bln (exp. 138.36bln); iPhone net sales 85.27bln (exp. 78.65bln), Wearables, Home and Accessories net sales 11.49bln (exp. 12.04bln), iPad net sales 8.60bln (exp. 8.13bln), Mac net sales 8.39bln (exp. 8.95bln). Greater China net sales USD 25.53bln (exp. 21.32bln), and services net sales USD 30.01bln (exp. 30.07bln). Installed base reached a new record of over 2.5bln active devices, with TV viewership +36% Y/Y in December; declared a quarterly dividend of USD 0.26/shr. CEO said iPhone demand was “unprecedented” and customer enthusiasm “extraordinary,” with all-time revenue records across every geographic segment. For Q2, it sees revenue growth of +13-16% Y/Y (exp. 10%), Services revenue is likely to be similar to Q1 levels, with operating expenses between USD 18.4-18.7bln; execs noted supply constraints from advanced-node availability and limited supply-chain flexibility, with channel inventory exiting Q1 very lean.

Fed Chair Job - The Trump administration is preparing for President Trump to nominate Kevin Warsh as the next Federal Reserve chair, according to people familiar with the matter cited by Bloomberg. Warsh previously served as a Fed Governor. Trump said on Thursday that he will announce his pick on Friday morning. (Bloomberg)

Sandisk (SNDK) - Sandisk shares jumped over 20% in extended trading after it delivered a large earnings beat and raised guidance, citing exceptionally strong demand for memory and storage products from AI customers. Q2 EPS 6.20 (exp. 3.54), Q2 revenue USD 3.03bln (exp. 2.69bln). Performance benefited from better product mix, accelerating enterprise SSD deployments and strengthening demand, with management citing improved market dynamics and the growing role of its products in AI infrastructure. CEO said results highlight agility in capitalising on mix and demand and noted a structural reset to better align supply with sustained demand. For Q3, sees EPS between 12.00-14.00 (exp. 4.33), and revenue between USD 4.4-4.8bln (exp. 2.91bln). Western Digital (WDC) said it plans to monetise its remaining 7.5mln SanDisk shares before the one-year anniversary of the separation; separately, Kioxia Corporation and Sandisk Corporation extended the Yokkaichi joint venture through 2034, with Sandisk paying Kioxia USD 1.165bln in manufacturing services fees in instalments from 2026-2029.

Visa (V) - Visa reported earnings that beat expectations, driven by stronger holiday spending that lifted payment volumes. Q1 adj. EPS 3.17 (exp. 3.14), Q1 revenue USD 10.9bln (exp. 10.69bln); Q1 payments volume +8% Y/Y, cross-border volume +12% Y/Y, total processed transactions USD 69.4bln. Management said spending trends remained resilient with continued strength in cross-border activity and broad-based volume growth. Sees Q2 EPS growth at the high end of low double digits, and net revenue growth in the low double digits, alongside mid-teens operating expense growth. For FY26, sees EPS growth in the low double digits, net revenue growth in the low double digits and operating expense growth also in the low double digits.

30 Jan 2026 - 07:00- Research Sheet- Source: Newsquawk