Newsquawk Daily European Equity Opening News - 6th October 2025

ASIA

APAC stocks began the week mixed amid several holiday closures throughout the week and the ongoing US government shutdown, while Japanese markets rallied on hopes of fiscal loosening and a delay to BoJ policy normalisation following Sanae Takaichi's LDP leadership victory, which sets her on course to become Japan's first female PM. ASX 200 failed to sustain early marginal gains and retreated to back beneath the 9,000 level as losses in tech, healthcare, and the consumer sectors offset the strength in the commodity-related industries. Nikkei 225 rallied to fresh record highs above the 48,000 level as the JPY weakened amid expectations of fiscal support and a potential delay to BoJ policy normalisation after the LDP leadership election victory by Abe-protege Takaichi. Hang Seng declined amid the absence of mainland participants for most of the week due to the National Day 'Golden Week' holiday and with underperformance in casino stocks following the recent flooding from Typhoon Matmo.

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +0.11% at 5,652, Dax 40 -0.15% at 24,386, FTSE 100 +0.67% at 9,491, CAC 40 +0.31% at 8,082, FTSE MIB +0.42% at 43,258, IBEX 35 +0.57% at 15,585, PSI +0.86% at 8,115, SMI +0.66% at 12,510, AEX +0.27% at 962

SECTORS: Healthcare 1.30%, Consumer Disc 0.90%, Financials 0.64%, Energy 0.62%, Utilities 0.62%, Industrials 0.22%, Materials 0.13%, IT -0.15%, Telecoms -0.20%, Consumer Stpl -0.35% 

FTSE 100

Rio Tinto (RIO LN) - Co. signed a 5-year deal with Ideon Technologies to roll out tech which harnesses subatomic particles created by supernova explosions to help locate and map mineral-rich deposits faster, cheaper and more accurately, according to WSJ. (WSJ)

Shell (SHEL LN) - Shell USA President Colette Hirstius criticised the Trump administration’s halt of fully permitted offshore wind projects as "very damaging" to investment, calling for more predictable regulation, FT reports. She noted that regulatory uncertainty is harmful and warned that policy swings in one direction are likely to be matched by counter swings. (FT)

UK Homebuilders - UK gov't intends to consult on plans to shift some costs from buyers to sellers and compel agents to share additional information upfront, in a bid to speed up the process. (Guardian)

OTHER UK COMPANIES

BROKER MOVES

Mondi (MNDI LN) downgraded to Neutral from Overweight at JPMorgan

Mining names PT upgrades - Antofagasta (ANTO LN) PT upgrade to 2800p (prev. 2000p); Rio Tinto (RIO LN) PT upgrade to 5000p (prev. 4650p); Glencore (GLEN LN) PT upgrade to 425p (prev. 350p); Anglo American (AAL LN) PT upgrade to 3300p (prev. 2800p) at Jefferies. 

DAX

Nordex (NDX1 GY) - Co. received orders from Ukraine totalling 189MW. (Newswires)

Rheinmetall (RHM GY) - The world’s largest producer of uncrewed mine-clearing vehicles Dok-Ing is in talks with Rheinmetall to expand its technology and secure investment, Bloomberg reports. Discussions focus on Dok-Ing’s Komodo vehicle, a modular tracked system in final testing capable of counter-drone operations, direct-fire, bridge deployment, and transport of equipment, ammunition, and casualties.

Porsche AG (P911 GY) - Porsche and Xiaomi vie for high-end custom-model buyers in China, as local automakers target wealthy consumers seeking personalised features, Bloomberg reports. Xiaomi launched a service for its 529,900 yuan SU7 Ultra electric sedan, allowing upgrades costing at least 100,000 yuan, positioning itself against European brands such as Porsche in the premium customisation segment. (Bloomberg)

OTHER GERMAN COMPANIES

BROKER MOVES

CAC

EssilorLuxottica (EL FP) / Nikon (NINOY) - Nikon shares rose nearly 6% in overnight trading after EssilorLuxottica increased its stake to about 10.6% from 9%, signalling greater investment in the chipmaking equipment supplier, Bloomberg reports. (Bloomberg)

Renault (RNO FP) - Co. is considering cutting up to 3,000 positions globally, mainly in support functions such as HR, finance, and marketing, representing about 15% of those roles, Bloomberg reports. No final decision has been made. Renault cites automotive market uncertainties and a highly competitive environment, and noted it is exploring ways to optimise fixed costs. (Bloomberg)

OTHER FRENCH COMPANIES

SEB (SK FP) - Cuts FY25 Organic Sales Growth "stable to slightly positive" (prev. +2.4%), Op. Results EUR 550-600mln (prev. guided 700-750mln). Notes that in the US, has remained significantly impacted in recent weeks, due to a "wait and see approach" from consumers. (Groupe SEB)

BROKER MOVES

Air Liquide (AI FP) upgraded to Hold from Reduce at Kepler Cheuvreux.

PAN EUROPE

EZ - JPMorgan upgrades Eurozone to Overweight from Neutral citing German stimulus and improving credit. (Newswires)

BBVA (BBVA SM) / Banco Sabadell (SAB SM) - A top exec at BBVA believes that a large "majority" of institutional investors who hold shares in Banco Sabadell are ready to accept an offer from BBVA, via Bloomberg. (Bloomberg)

Stellantis (STLAM IM/STLAP FP) - Stellantis plans to invest around USD 10bln in the US, including USD 5bln in new funds, to refocus on its key Jeep and Ram markets. Investments over several years could support plant reopening, hiring, and new models in states such as Illinois and Michigan, according to sources cited by Bloomberg.

BROKER MOVES

ASML (ASML NA) PT upgrade to EUR 1018 (prev. EUR 809) at HSBC

SMI

Roche (ROG SW) - Received the CE mark for Klinrisk Algorithm 1 and has launched a new comprehensive chronic kidney disease algorithm panel. (Roche)

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

Aker BP (AKRBP NO) - Q3 Update: net volume sold 396.1k BOEPD, equity production averaged 414k BOEPD. (AkerBP)

Novo Nordisk (NOVOB DC) - Bloomberg reports that the Co. is looking to make it obesity pill available through telehealth platforms, once approved. (Bloomberg)

BROKER MOVES

Orion (ORNBV FH) upgraded to Buy from Hold at Nordea

Sandvik (SAND SS) downgraded to Hold from Buy at Pareto Securities

US

CLOSES: SPX +0.01% at 6,716, NDX -0.43% at 24,786, DJI +0.51% at 46,758, RUT +0.72% at 2,476

SECTORS: Consumer Discretionary -0.81%, Communication Services -0.64%, Technology -0.32%, Consumer Staples -0.06%, Industrials +0.14%, Materials +0.20%, Real Estate +0.38%, Energy +0.67%, Financials +0.74%, Health +1.13%, Utilities +1.15%.

AbbVie (ABBV) - AbbVie lowers its annual profit forecast as a result of a USD 2.7bln R&D expense. It said Q3 adj. EPS is expected at 1.74-1.78 (exp. 3.27), which includes a 1.50 impact from an IPR&D and milestones expense; FY25 adj. EPS is now seen between 10.38-10.58 (prev. saw 11.88-12.08, exp. 11.97). Results remain preliminary pending closing procedures. (Newswires)

Boeing (BA) - Boeing is telling suppliers it may lift 737 Max output to 42 jets per month as soon as October (vs current rate of 38/month), pending US regulatory approval, Bloomberg reports. The jet maker is also preparing further increases in April 2026 and late 2026, potentially raising monthly production to about 53 by end-2026. (Bloomberg)

Qualcomm (QCOM), Apple (AAPL), Samsung (SSNLF) - Nearly 30mln UK consumers who bought Apple or Samsung smartphones between 2015-2024 may be entitled to about GBP 17 each if consumer group Which? succeeds in its case against Qualcomm (QCOM), BBC reports. Which? alleges Qualcomm forced inflated component prices, raising smartphone costs. The trial in London will examine whether Qualcomm abused a dominant market position, with potential total damages of GBP 480mln.

06 Oct 2025 - 07:01- Research Sheet- Source: Newsquawk