Newsquawk Daily European Equity Opening News - 9th September 2025

ASIA

APAC stocks traded mixed as the region failed to fully sustain the mildly positive handover from Wall St, with price action contained amid light fresh catalysts and as participants looked ahead to upcoming events, including inflation data scheduled in the next couple of days. ASX 200 was dragged lower with notable weakness in Energy, Industrials, Real Estate and Financials, with sentiment also not helped by a deterioration in consumer confidence and mixed business surveys. Nikkei 225 initially rallied above the 44,000 levels to print a fresh record high, but then gradually faded its gains as political uncertainty lingered. Hang Seng and Shanghai Comp were mixed with the Hong Kong benchmark led higher by outperformance in real estate and tech, with the former helped as China's MIIT pledged to accelerate breakthroughs in high-performance chip technology. Conversely, the mainland lagged amid lingering global frictions with EU officials reportedly discussing potential sanctions on China and other parties for the purchase of Russian energy, while Chinese President Xi recently took aim at a 'certain country' increasing trade war risks.

Alibaba (9988 HK) - Co-affiliate Ant Group's digital arm put USD 8bln energy assets on its blockchain, according to Bloomberg. (Newswires)

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +0.81% at 5,361, Dax 40 +0.96% at 23,824, FTSE 100 +0.14% at 9,221, CAC 40 +0.78% at 7,735, FTSE MIB +0.28% at 41,724, IBEX 35 +1.02% at 15,002, PSI +0.65% at 7,754, SMI -0.49% at 12,310, AEX +0.67% at 905

SECTORS: IT 1.54%, Industrials 1.44%, Financials 0.80%, Materials 0.72%, Energy 0.46%, Consumer Disc 0.42%, Utilities 0.16%, Consumer Stpl -0.50%, Healthcare -0.59%, Telecoms -1.29%

FTSE 100

Teck Resources (TECK), Anglo American (AAL LN) - Anglo American is reportedly nearing a USD 20bln deal to acquire Teck Resources, likely paid mostly in stock, with an announcement possible this week, FT reports. Teck’s Quebrada Blanca mine faces production issues, and Anglo is exploring synergies with its nearby Collahuasi mine. Timing and terms remain uncertain. Both miners have attracted interest from rivals, including Glencore (GLEN LN). (FT)

Barclays (BARC LN) - Co. remains confident in achieving 2026 targets, will provide new targets before current ones expire, via investor conference. (Newswires)

UK Retail - UK BRC Retail Sales YY (Aug) 2.9% (Prev. 1.8%). UK BRC Total Sales YY (Aug) 3.1% (Prev. 2.5%); BRC Chief executive said, "Stronger growth in food and drink was largely down to rising prices, which rose over 4% in August, rather than increasing volumes". (Newswires)

UK Stocks - UK Chancellor Reeves is to tell ministers to prioritise fight against UK inflation in a Cabinet meeting on Tuesday, according to FT. (FT)

UK Gambling - Sky News reports that Chancellor Reeves is mulling harmonising tax on online gambling into a single rate. (Sky News)

OTHER UK COMPANIES

BROKER MOVES

DAX

OTHER GERMAN COMPANIES

Deutz (DEZ GY) - Resolves on 10% capital increase excl. pre-exemption rights; to increase share capital by 10%. (Newswires) Shares -2.5% in pre-market trade

BROKER MOVES

Commerzbank (CBK GY) downgraded to Neutral from Overweight at JPMorgan

Hensoldt (HEN3 GY) initiated with Equal weight at Barclays

Rheinmetall (RHM GY) initiated with Overweight at Barclays

CAC

French Stocks - French PM Bayrou lost the confidence vote in the National Assembly, as expected; French President Macron said he will name a new PM in the coming days. (Newswires)

Renault (RNO FP) - CEO says future strategic plan will follow Luca de Meo's 'Renaulution Plan'. Expects the future plan to contain as many new launches as recent years. Using Chinese automakers as the benchmark since they are the best today. Other priority for the plan will be to grow internationally, particularly in Latin America and India. (Newswires)

Saint Gobain (SGO FP) - Co. reorganises its construction chemicals business in Germany to accelerate growth and synergies. (Newswires)

Thales (HO FP) - Co. says Alenia Space and Capgemini (CAP FP) have been selected by the French Space Agency for a government-backed call for 5G direct to device projects. (Newswires)

TotalEnergies (TTE FP) - Co. executive says petrochemical trade has dropped about 34% in the last five years due to overcapacity, adds there will be another 15% drop in petrochemical trade if tariffs continue. Adds that petrochemical trading houses that do not own assets are struggling to survive. (Newswires)

OTHER FRENCH COMPANIES

BROKER MOVES

Publicis (PUB FP) upgraded to Outperform from Neutral at Oddo

PAN EUROPE

ASML (ASML NA) - Confirms reports in the prior session; to invest EUR 1.3bln in Mistral AI's Series C funding to now hold 11% in the Co. (Newswires)

Banca Monte Dei Paschi (BMPS IM) - Co. said to get Mediobanca (MB IM) control as it wins over 50% of voting rights, according to Bloomberg citing sources. (Bloomberg)

Mediobanca (MB IM) - Early termination of consultation agreement among Mediobanca shareholders. (Newswires)

BROKER MOVES

Leonardo (LDO IM) initiated with Equal weight at Barclays

Universal Music Group (UMG NA) upgraded to Buy from Neutral at Citi

SMI

Adecco (ADEN SW) - Renews and deepens its 6-year collaboration with Microsoft (MSFT). (Newswires)

Novartis (NOVN SW) / Tourmaline Bio (TRML) - Novartis will acquire Tourmaline Bio for USD 48/shr, valuing it at about USD 1.4bln. The move brings cardiovascular drug packing into Novartis’s pipeline. An acquiring subsidiary will merge into Tourmaline as part of the transaction. The deal, set to close in Q4 2025.

OTHER SWISS COMPANIES

Sandoz (SDZ SW) - Co. reaches an agreement with Regeneron (REGN), resolving all patent litigation related to its US aflibercept biosimilar. (Newswires)

BROKER MOVES

SCANDINAVIA

Ericsson (ERICB SS) - Co. lays off about 100 Canada-based employees amid a need to cut costs to The Globe and Mail. (Newswires)

BROKER MOVES

Saab (SAABB SS) initiated with Underweight at Barclays

US

CLOSES: SPX +0.21% at 6,495, NDX +0.46% at 23,762, DJI +0.25% at 45,515, RUT +0.16% at 2,395

SECTORS: Utilities -1.07%, Real Estate -0.68%, Communication Services -0.31%, Consumer Staples -0.17%, Energy -0.15%, Health -0.11%, Financials +0.02%, Industrials +0.21%, Materials +0.23%, Consumer Discretionary +0.53%, Technology +0.67%.

AT&T (T) - AT&T reaffirmed FY25 guidance and capital return plans, citing solid demand, mobility strength, and fibre expansion. It expects higher H2 net adds in Consumer Wireline, reiterated growth in service revenue, adj. EBITDA, EPS, and free cash flow, with USD 20bln buyback capacity for 2025-27.

Bank of America (BAC) CFO expects NII to rise 6-7% for the year, on track from previous guidance; 2026 NII is expected to be growing and similar to this year. Expects investment banking fees to rise 10-15% in Q3. Headcount should be broadly flat.Markets up mid-single digits Y/Y. (Newswires)

Dell Technologies (DELL) - CFO Yvonne McGill is to resign on September 9th, David Kennedy has been appointed interim CFO of Dell; reaffirms FY26 and Q3 26 guidance. (Newswires)

Johnson & Johnson (JNJ) - Johnson & Johnson elected John Morikis, retired Chairman, President and CEO of Sherwin-Williams (SHW), to its Board.

Intel (INTC) - CEO Lip-Bu Tan continues to streamline operations as US pressure on Intel intensifies, and the chipmaker announced leadership changes, with products chief Michelle Johnston Holthaus exiting after 30+ years. Kevork Kechichian (ex-Arm) joins as EVP and data centre head, while Srinivasan Iyengar will lead a new central engineering group and custom silicon unit.

Fox (FOXA) - Co. and News Corp (NWSA) announce resolution of Murdoch Family Trust Matter; Murdoch to continue as Chairman Emeritus of FOXA; Announces secondary offering of Class B Fox (FOX) and News Corp (NWS) stock. (Newswires)

Nebius (NBIS) - Co. signs up to a USD 19.4bln AI infrastructure agreement with Microsoft (MSFT). (Newswires)

NVIDIA (NVDA) - Co. says they have received several H20 licenses of their key customers in aChina, via GS conferenceQ3 data centre revenue expected to be up ~17% sequentially (prev. 12% in Q2), driven by Blackwell GB200, GB300 Ultra and networking synergies. Potential USD 2-5bln of increment Q3 revenue contingent on H20 shipments to China post-government licensing amid ongoing geopolitical approvals. (Newswires)

09 Sep 2025 - 06:56- Geopolitical- Source: Newsquawk