Newsquawk Daily European Equity Opening News - 8th August 2025

ASIA

APAC stocks traded mixed following the mostly lacklustre handover from Wall St and amid a deluge of earnings releases. ASX 200 was rangebound with the index contained as gains in the mining, resources and materials sectors were offset by losses in tech, healthcare, telecoms and financials. Nikkei 225 outperformed and briefly reclaimed the 42,000 status, while the TOPIX hit a fresh record high with sentiment underpinned after Japan was able to confirm a non-stacking stance regarding tariffs from the US and with momentum also helped by earnings releases including from SoftBank, whose shares surged by a double-digit percentage after its profit beat. Hang Seng and Shanghai Comp were mixed amid ongoing uncertainty heading into next week's tariff truce deadline.

TSMC (2330 TT/TSM) - July (TWD): Revenue 323.17bln (prev. 263.7bln M/M)

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +1.38% at 5,336, Dax 40 +1.11% at 24,191, FTSE 100 -0.69% at 9,101, CAC 40 +0.97% at 7,709, FTSE MIB +0.93% at 41,393, IBEX 35 +0.97% at 14,678, PSI +0.27% at 7,762, SMI +0.86% at 11,856, AEX +0.97% at 893

SECTORS: IT 2.28%, Materials 1.54%, Financials 1.41%, Healthcare 1.32%, Consumer Disc 1.08%, Utilities 0.87%, Consumer Stpl 0.81%, Industrials 0.77%, Energy -1.14%, Telecoms -1.92%

FTSE 100

Flutter (FLTR LN) - Q2 (USD): Revenue 4.19bln (exp. 4.22bln), Adj. EBITDA 919mln, +25% Y/Y. Sportsbook Gross Gaming Rev. Market 41% (prev. 43% Q/Q). Raises FY guidance: Revenue 17.26bln (prev. guided 17.1bln), Adj. EBITDA 3.3bln (prev. guided 3.18bln). Online Revenue by region: UK & Ireland -5%; APAC +7%; International +12%; US +16%. Earnings Call: Expect to return up to USD 1bln to shareholders in 2025 via share buybacks and up to USD 5bln over 3-4 years while maintaining flexibility for organic and inorganic investments. (Newswires)

Standard Chartered (STAN LN) - Co. is to set up a JV for stablecoin issuance. (Newswires)

OTHER UK COMPANIES

BROKER MOVES

Diageo (DGE LN) upgraded to Neutral from Overweight at Goldman Sachs

Informa (INF LN) initiated with Buy at Panmure Liberum

Senior (SNR LN) initiated with Buy at Berenberg

DAX

Munich Re (MUV2 GY) - H1 (EUR): Net Income 3.17bln (prev. 3.71bln Y/Y), EPS 24.26 (prev. 27.77). Q2: Net Income 2.08bln (prev. 1.60bln Y/Y). Maintains guidance. Guidance: Reinsurance Rev. cut to 40bln (prev. guided 42bln) (Newswires)

Knorr Bremse (KBX GY) - Around 200 jobs are currently being considered for cuts at the Munich site. (Newswires)

OTHER GERMAN COMPANIES

Hensoldt (HAG GY) - Germany's Government is considering upping its stake in Hensoldt to 29% from currently 25.1%, via Reuters citing industry sources. (Reuters)

BROKER MOVES

Fraport (FRA GY) downgraded to Neutral from Overweight at JPMorgan

Henkel (HEN3 GY) upgraded to Equal Weight from Underweight at Morgan Stanley

CAC

Airbus (AIR FP) - July 2025: Deliveries 67 (prev. 63 M/M), Gross orders 7; 2025 to date: Deliveries 373, Booked 501 gross aircraft orders, Booked 405 net aircraft orders. (Newswires)

OTHER FRENCH COMPANIES

BROKER MOVES

Sanofi (SAN FP) upgraded to Overweight from Neutral at JP Morgan

PAN EUROPE

Binance, BBVA (BBVA SM) - Binance is partnering with Spanish bank BBVA to let customers hold assets off the crypto exchange, with BBVA acting as one of few independent custodians. This move aims to boost fund safety amid increased regulatory scrutiny following Binance’s USD 4.3bln US penalty and CEO Changpeng Zhao’s prison sentence, Reuters reports. (Reuters)

Bpost (BPOST BB) - Q2 (EUR): EBIT 58.3mln, (exp. 47.9mln). 2025 EBIT reaffirmed, but towards upper end of guided range. (Newswires)

Geopolitics - US President Trump on Russia-Ukraine ceasefire, says it is up to Russia's President Putin; Putin doesn't have to agree to meet with Ukraine's President Zelensky to meet with him. (Newswires)

NN (NN NA) - H1 (EUR): Net Income 391mln (prev. 648mln Y/Y), Revenue 22.9mln (prev. 18.2mln Y/Y). (Newswires) Affirms guidance. (Newswires)

BROKER MOVES

SMI

OTHER SWISS COMPANIES

BROKER MOVES

Novartis (NOVN SW) upgraded to Equal Weight from Underweight at Morgan Stanley

Roche (ROG SW) downgraded to Underweight from Equal Weight at Morgan Stanley

SCANDINAVIA

BROKER MOVES

US

CLOSES: SPX -0.08% at 6,340, NDX +0.32% at 23,390, DJI -0.51% at 43,969, RUT -0.30% at 2,215

SECTORS: Health -1.15%, Financials -1.13%, Energy -0.39%, Communication Services -0.34%, Industrials -0.13%, Consumer Discretionary +0.11%, Materials +0.39%, Real Estate +0.41%, Technology +0.41%, Consumer Staples +0.73%, Utilities +1.05%.

Block (XYZ) - Q2 adj. EPS 0.62 (exp. 0.68), Q2 revenue USD 6.05bln (exp. 6.29bln). GPV +10% Y/Y (9.9% in constant FX); US GPV +7.0% Y/Y, International +25% Y/Y (+24% in constant FX). Bitcoin (BTC) revenue USD 2.144bln. Raises FY25 gross profit forecast to USD 10.17bln (exp. 10.06bln). Sees Q3 gross profit USD 2.60bln (exp. 2.56bln), adj. operating income margin 18%. Raises FY25 profit view to USD 10.17bln.

Fed - US President Trump announces CEA Chair Miran as a temporary replacement to fill Fed Kugler's seat until January 31st, 2026; in the meantime, will continue to search for a permanent replacement. (Newswires)

Gilead (GILD) - Shares rose 2.9% afterhours following top- and bottom-line beats in Q2 and raised guidance. It reported Q2 EPS of 2.01 (exp. 1.96), and Q2 revenue of USD 7.1bln (exp. 6.96bln). Biktarvy sales rose 9% Y/Y to USD 3.5bln. Raises FY25 EPS view to 7.95-8.25 (exp. 8.00; prev. saw 7.70-8.10) and revenue to USD 28.3-28.7bln (exp. 28.7bln; prev. saw 28.2–28.6bln).

Goodyear Tire (GT) - Shares tumbled 8.4% in extended trading following a Q2 profit miss. It reported Q2 adj. EPS of -0.17 (exp. 0.02), revenue of USD 4.5bln (exp. 4.46bln). CEO cites challenges from industry disruption and low-cost imports but expects conditions to stabilise and plans to exceed cost savings and asset sales goals under Goodyear Forward.

Motorola Solutions (MSI) - Shares rose 2% afterhours following a Q2 top- and bottom-line beat and raised guidance. Q2 EPS 3.57 (exp. 3.36), revenue USD 2.8bln (exp. 2.73bln). CEO notes record revenue, earnings and orders. Sees Q3 EPS 3.82-3.87 with around 7% revenue growth. Raises FY25 EPS view to USD 14.88–14.98 (exp. 14.72), and FY revenue outlook to around USD 11.65bln (exp. 11.41bln).

Microchip (MCHP) - Shares fell 6.8% despite beating Q1 expectations; it reported Q1 EPS of 0.27 (exp. 0.24), Q1 revenue of USD 1.076bln (exp. 1.06bln). CEO cites strong start to FY26 and momentum from recovery plan. Sees Q2 EPS between 0.34-0.37 (exp. 0.31), and revenue between USD 1.11-1.15bln (exp. 1.13bln).

Trade Desk (TTD) - Shares tumbled by over 28% in extended trading, after its outlook didn’t offer much upside, and the company announced the departure of its CFO. Q2 EPS 0.41 (exp. 0.41), revenue USD 694mln (exp. 686mln). CEO cites 19% Y/Y growth and strong platform innovation. Appointed board member and former Salesforce executive Alex Kayyal as CFO, effective August 21st; outgoing CFO Laura Schenkein will assist with the transition and remain as a non-executive officer through year-end. Sees Q3 revenue at least USD 717mln (exp. 717.1mln), and adj. EBITDA around USD 277mln.

Take-Two (TTWO) - Shares rose 5% after hours following a narrower than expected loss, and higher net bookings and raised guidance. Q2 EPS -0.07 (exp. -0.72), Q2 bookings USD 1.42bln (exp. 1.32bln). CEO highlights strong demand and diversified business. Said its Rockstar Games unit is to release GTA6 on May 26th, 2026. Raises FY25 bookings view to USD 6.05–6.15bln (exp. 6.04bln; prev. saw 5.9-6.0bln).

Tesla (TSLA) - Tesla is disbanding its Dojo supercomputer team and its leader, Peter Bannon, is leaving, Bloomberg reports. CEO Musk ordered the shutdown, marking a setback for Tesla’s in-house chip development for driverless technology. About 20 team members left recently for DensityAI; remaining staff are reassigned to other Tesla projects, the report adds.

08 Aug 2025 - 07:00- Research Sheet- Source: Newsquawk