Newsquawk Daily European Equity Opening News - 30th September 2025

ASIA

APAC stocks traded flat/mixed following a mostly but modestly firmer handover from Wall Street, with focus on the looming US government shutdown and the possibility of delayed NFP data as a result. Meanwhile, the White House announcement of further tariff details overnight capped upside in sentiment. ASX 200 gave up initial mild gains to trade flat as strength across gold miners just about offset hefty losses in energy and a subdued performance in financials, with little move seen in the index after the RBA policy announcement, in which the central bank left rates unchanged as expected in a unanimous decision but struck a hawkish tone, noting inflation risks and that the decline in underlying inflation has slowed. Nikkei 225 narrowly underperformed at the start and briefly fell back under the 45,000 mark with losses led by energy names, while some hawkish undertones from the BoJ Summary of Opinions likely weighed, with some members arguing it may be time to consider another adjustment after more than six months since the last hike, while others cautioned against surprising markets or moving prematurely given uncertainty around the US outlook. Hang Seng and Shanghai Comp varied, the former gave up earlier upside and the latter held onto mild gains with newsflow light ahead of the weeklong break, whilst Chinese PMIs showed manufacturing beat expectations, but services declined from the prior month in both the NBS and RatingDog (formerly Caixin) releases. Furthermore, China’s Securities Journal suggested experts believe the PBoC may flexibly use a variety of monetary policy tools in the future to maintain ample liquidity.KOSPI was subdued with US-South Korean trade talks seemingly at a standstill, with the South Korean national security adviser suggesting it is tough to strike an FX swap deal with the US. Nifty 50 eked out mild gains ahead of the RBI announcement on Wednesday.

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 5507, +0.1%; DAX 40 23745, +0.02%; CAC 40 7880, +0.1%; AEX 941, +0.4%; IBEX 35 15316, -0.2%; FTSE MIB 42554, -0.2%; FTSE 100 9299, +0.2

SECTORS: Energy 1.90%, Consumer Disc 1.15%, IT 0.94%, Healthcare 0.91%, Materials 0.78%, Telecoms 0.22%, Utilities 0.09%, Consumer Stpl 0.08%, Industrials -0.06%, Financials -0.32%

FTSE 100

HSBC (HSBA LN) - Chair Mark Tucker to step down on Tuesday, creating leadership vacancy at Europe's largest bank, according to FT. Interim chair Brendan Nelson will take over on October 1st. (FT)

Shell (SHEL LN) - CEO says the firms main contribution to the energy sector during the next decade will be LNG. Amount of capacity being added in LNG is surprising, not entirely economically rational. (Newswires)

OTHER UK COMPANIES

BROKER MOVES

DAX

German Industry - Made for Germany investment initiative pledges now stand at EUR 735mln. (Newswires)

OTHER GERMAN COMPANIES

BROKER MOVES

CAC

Airbus (AIR FP) - Boeing (BA) plans new single-aisle planes to succeed the 737 MAX, according to WSJ sources, in a bid to recover business lost to Airbus. (WSJ)

TotalEnergies (TTE FP) - CEO says if EU bans Russian LNG imports, cargoes can be diverted to Turkey or India. Regarding the sale of the SPDC assets within Nigeria, CEO says they want cash for the unit otherwise they will retain it; there is another buyer being considered. (Newswires)

LVMH (MC FP) - Fendi announces that Silvia Venturini steps down as Creative Director. (Newswires)

OTHER FRENCH COMPANIES

Eiffage (FGR FP) - Secured a EUR 1.5bln contract for three substations for wind farms in France. (Newswires)

Valneva (VLA FP) - Reports 95% seroresponse four years after single shot of chikungunya vaccine IXCHIQ. (Newswires)

BROKER MOVES

PAN EUROPE

China-Exposed Sectors - Chinese NBS Manufacturing PMI (Sep) 49.8 vs. Exp. 49.6 (Prev. 49.4). Chinese NBS Non-Manufacturing PMI (Sep) 50.0 (Prev. 50.3). Chinese NBS Composite PMI (Sep) 50.6 (Prev. 50.5). Chinese RatingDog Manufacturing PMI Final (Sep) 51.2 vs. Exp. 50.3 (Prev. 50.5). Chinese RatingDog Services PMI (Sep) 52.9 (Prev. 53.0). Chinese RatingDog Composite PMI (Sep) 52.5 (Prev. 51.9)

Italian Firms - Italy’s upcoming annual budget under PM Meloni is expected to show the deficit returning below the EU’s 3%-of-GDP limit by 2026, with the possibility that the 2025 shortfall may also fall under the threshold, marking a key fiscal milestone of her premiership, Bloomberg reports. (Bloomberg)

US Tariffs - The White House said US President Trump signed a proclamation adjusting imports of timber, lumber, and related derivatives into the US, imposing a 10% tariff on softwood, timber and lumber imports effective 14 October. It added that Trump intends to cap tariff rates for EU and Japanese wood products at 15%, according to Reuters. The White House confirmed new 25% tariffs on vanities and kitchen cabinets will take effect on 14 October, with imports of certain upholstered wooden products also subject to a 25% tariff. It announced tariffs on imported cabinets will rise from 25% to 50%, while tariffs on upholstered furniture will increase from 25% to 30% effective 1st January, unless trade agreements are reached beforehand, according to Reuters.

Pirelli (PIRC IM) - Italian PM office says Italy is in talks with the Co. and its shareholders to ensure they are competitive in all markets it operates in. (Newswires)

BROKER MOVES

SMI

Gold - Switzerland has offered to invest in the US gold-refining industry, as part of its efforts to persuade the Trump administration to lower the 39% import tariff imposed last month, according to Bloomberg. (Bloomberg)

Roche (ROG SW) - Data showed that Roche’s sixth-gen Troponin T test offers a new level of accuracy critical for diagnosing heart attacks. (Newswires)

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

Novo Nordisk (NOVOB DC) - Resubmitted Awiqli to the FDA with the potential to be the first once-weekly basal insulin treatment for adults with type 2 diabetes. (Newswires)

BROKER MOVES

Valmet (VALMT FH) downgraded to Hold from Buy at Danske Bank.

US

CLOSES: SPX +0.26% at 6,661, NDX +0.44% at 24,611, DJI +0.15% at 46,316, RUT +0.04% at 2,435

SECTORS: Energy -1.91%, Communication Services -0.45%, Consumer Staples +0.12%, Real Estate +0.15%, Health +0.29%, Utilities +0.29%, Industrials +0.31%, Materials +0.43%, Financials +0.48%, Technology +0.49%, Consumer Discretionary +0.55%.

CenterPoint Energy (CNP) announces USD 65bln investment plan and raises 2025 EPS guidance

Google (GOOGL) announces Claude Sonnet 4.5 on Vertex AI

Verizon (VZ) is reportedly in talks to purchase EchoStar wireless spectrum, according to

RTX (RTX) awarded USD 5bln by US Pentagon, according to a statement

30 Sep 2025 - 06:55- ForexResearch Sheet- Source: Newsquawk