Newsquawk Daily European Equity Opening News - 31st July 2026

ASIAAPAC stocks were mostly higher following the tech-inspired momentum stateside due to megacap earnings, while the region also digested a slew of data at month-end, Japanese currency intervention and the BoJ rate decision. ASX 200 traded in the green amid strength in miners, but with upside capped as healthcare and consumer sectors lag, with price action tame compared to the tech-heavy peers in the region. KOSPI rocketed as SK Hynix and Samsung Electronics surged over 20% from the open after the recent Microsoft-led momentum on Wall St and after further megacap earnings from Amazon and Apple. Nikkei 225 surged amid a tech-buying frenzy, while participants also digested several data releases, including softer-than-expected Tokyo CPI data. The attention then turned to the BoJ policy decision overnight, which was uneventful as the central bank kept rates unchanged as widely expected. Hang Seng and Shanghai Comp were somewhat mixed, with the mainland in the green and the Hong Kong benchmark flat amid several key developments, including the Politburo meeting where authorities continued to pledge policy support, while Chinese President Xi noted the economy was facing challenges, and participants also digested disappointing PMI data which showed Manufacturing and Non-Manufacturing PMI slipped into contraction territory.EUROPEAN CLOSESCLOSES: Euro Stoxx 50 +1.48% at 6,341, Dax 40 +0.45% at 25,575, FTSE 100 -0.10% at 10,897, CAC 40 +0.92% at 8,486, FTSE MIB +1.29% at 52,104, IBEX 35 +1.78% at 19,758, PSI +1.07% at 9,146, SMI -0.56% at 14,405, AEX +1.06% at 1,105.FTSE 100Glencore (GLEN LN) - Co. has reached a processing agreement with HES International to supply feedstock to and sell refined products from the Whiting refinery, according to Reuters citing sources. (Reuters)HSBC (HSBA LN) - Co. announced agreements to sell its AUD 36bln portfolio of Australian home loans and personal home loans to Virgo Bidco Pty Ltd. (HSBC)OTHER UK COMPANIESIG Group (IGG LN) - H1 2026 (GBP): Revenue 642.8mln (prev. 268mln Y/Y); Core profit 282mln, +4% Y/Y. Announces the acquisition of Underdog for up to USD 1.3bln. IG will pause its share buyback programme, expecting it to resume in 2027 subject to the completion of its Jersey redomicile, share price performance and other capital demands. (IG Group)BROKER MOVESCVS Group (CVSG LN) upgraded to Overweight from Equal Weight at BarclaysMondi (MNDI LN) upgraded to Equal Weight from Underweight at Morgan StanleyDAXOTHER GERMAN COMPANIESFuchs (FPE GY) - H1 2026 (EUR): Revenue 2.00bln (prev. 1.80bln Y/Y), EBIT 260mln (prev. 209mln Y/Y), raises its FY26 EBIT guidance to between 460-480mln (prev. guided "around" 450mln). Says the conflict over the Hormuz Strait and the damaged infrastructure in the Gulf region are leading to supply bottlenecks and significant cost increases, which will have a particular impact on sales volumes and margin development. (Fuchs)Siemens Healthineers (SHL GY) - Q3 2026 (EUR): Revenue 5.76bln (exp. 5.81bln), Net Profit 669mln (exp. 491mln), Adj. EBIT 1.1bln (exp. 0.89bln), Comparable Revenue Growth 2.8% (exp. 4.6%). Raises its FY26 Adj. EPS view to between 2.35-2.45 (prev. guided 2.20-2.30) due to tariff refunds however cut its comparable revenue growth guidance to between 3.5-4.0% (prev. guided 4.5-5.0%) due to diagnostics performance. (Siemens Healthineers)BROKER MOVESAixtron (AIXA GY) upgraded to Outperform from Neutral at Oddo SecuritiesCACAXA (CS FP) - H1 2026 (EUR): Net Income 4.17bln (exp. 4.42bln), GWP & Other Revenue 66.29bln (prev. 64.25bln Y/Y), Underlying earnings 4.54bln (prev. 4.47bln Y/Y), sees FY26 underlying EPS growth to be at the upper end of the 6-8% target range. (AXA)Credit Agricole (ACA FP) - Q2 2026 (EUR): Revenue 7.36bln (exp. 7.03bln), Operating costs 3.87bln (exp. 3.83bln), Net Income 2.05bln (exp. 1.93bln), Asset gathering revenue 2.21bln (exp. 2.06bln), Large customers revenue 2.34bln (exp. 2.28bln), International retail banking 1.05bln (exp. 1.02bln), CET1 11.3% (exp. 11.2%). (Credit Agricole)Engie (ENGI FP) - H1 2026 (EUR): Net Income 3bln (exp. 2.88bln), EBITDA 14.1bln (prev. 15.5bln Y/Y), Revenue 57.4bln (prev. 59.4bln Y/Y), raises its FY26 recurring Net Income to between 4.9-5.5bln (prev. guided 4.6-5.2bln). (Engie)Euronext (ENX FP) - Q2 2026 (EUR): Adj. EPS 2.39 (exp. 2.20), underlying revenue 544.4mln (exp. 523mln), Adj. EBITDA 360mln (exp. 326.56mln). CEO: "We see unprecedented momentum across Europe in support of a more integrated, liquid and competitive European capital market." (Euronext)Saint Gobain (SGO FP) - H1 2026 (EUR): Revenue 23.60bln (prev. 23.85bln Y/Y), Net Income 1.68bln (exp. 1.39bln), EBITDA 3.63bln (exp. 3.51bln), affirms FY26 outlook. (Saint Gobain)OTHER FRENCH COMPANIESWorldline (WLN FP) - H1 2026 (EUR): External Revenue 1.74bln (exp. 1.72bln), Adj. EBITDA 294mln (exp. 273mln), confirms FY26 adj. EBITDA guidance and improves its FCF target to between negative 60-40mln (prev. guided negative 80-70mln). (Worldline)BROKER MOVESPAN EUROPEBrunello Cucinelli (BC IM) - H1 2026 (EUR): Revenue 749.4mln (exp. 743.7mln), EBIT 128.2mln (exp. 125.8mln). Raises its FY26 guidance, now sees growth between 10-11% (prev. guided 10%). Anticipates FY27 growth of "around" 10%. By Region: Europe +5.3%, Americas +20.6%, Asia +14.1%. (Brunello Cucinelli)Cellnex (CLNX SM) - Q2 2026 (EUR): Revenue 1.01bln (prev. 0.98bln Y/Y), Adj. EBITDA 854mln (prev. 807mln Y/Y), EBITDAaL 636mln (prev. 590mln Y/Y), backs its FY26 view. Launches an additional share buyback of up to EUR 200mln. (Cellnex)Enel (ENEL IM) - H1 2026 (EUR): Revenue 40.9bln (exp. 40bln), Ordinary EBITDA 11.84bln (prev. 11.47bln Y/Y), Net Income 3.93bln (prev. 3.82bln Y/Y), guides FY26 EPS around 0.74, which is at the upper end of the guidance range. (Enel)Leonardo (LDO IM) - H1 2026 (EUR): Adj. Net Income 476mln (prev. 273.6mln Y/Y), Revenue 10bln (prev. 8.92bln Y/Y), Order backlog EUR 58.6bln (prev. 45.0bln Y/Y), New Orders 16.3bln (prev. 11.2bln Y/Y). Raises its FY26 guidance, now sees new order intake c. 28.2bln (prev. guided c. 26.2bln), EBITA c. 2.21bln (prev. guided c. 2.15bln) and FOCF c. 1.37bln (prev. guided 1.32bln) with a ROS at 10.0%. (Leonardo)OMV (OMV AV) - Q2 2026 (EUR): CCC Operating Profit 1.71bln (exp. 1.66bln), CCS Net Profit 929mln (exp. 820mln). Sees FY26 organic capex around 3.4bln, production between 280-290kboepd. However, the production forecast is subject to shipping through the Strait of Hormuz. (OMV)Puig (PUIG SM) - H1 2026 (EUR): Revenue EUR 2.35bln (exp. 2.33bln, prev. 2.30bln Y/Y), LFL Revenue growth +4.4% (prev. +7.6% Y/Y), Adj. EBITDA 459.6mln (prev. 445.4mln Y/Y), reaffirms its FY26 outlook. Says all business segments and geographies delivered growth in H1 2026, led by Fragrance and Fashion, and Makeup. LFL Growth by region: EMEA +2.6%, Americas +2.6%, Asia-Pacific +20.9%. (Puig)Raiffeisen Bank (RBI AV) - Q2 2026 (EUR): NII 1.11bln (exp. 1.09bln), Net Income 565mln (prev. 258mln Q/Q), Net fee income 549mln (prev. 520mln Y/Y), sees FY26 NII above 4.4bln and net fee income around 2.2bln. (Raiffeisen Bank)Santander (SAN SM) - Co. says it plans to launch tender offers to buy the rest of the stock of its Brazil unit. (Santander)UMG (UMG NA) - H1 2026 (EUR): Revenue 6.19bln (exp. 6.21bln), Adj. EBITDA 1.31bln (exp. 1.34bln), Net debt 4.13mln (prev. 2.39mln H/H), Recorded Music Revenue 4.77bln (prev. 4.46bln Y/Y). Q2: Revenue 3.29bln (exp. 3.27bln), Subscriptions and Streaming Revenue Growth 15.5% (exp. 16.6%), Adj. EBITDA 674mln (exp. 707.9mln). (UMG)Umicore (UMI BB) - H1 2026 (EUR): Revenue 1.9bln (exp. 1.94bln), Adj. EBITDA 577mln (prev. 433mln Y/Y), Adj. EBIT 442mln (prev. 302mln Y/Y), Adj. EPS 1.14 (prev. 0.56 Y/Y). Raises its FY26 Adj. EBITDA to "slightly above" 1bln. (Umicore)BROKER MOVESSMIHolcim (HOLN SW) - H1 2026 (CHF): Revenue 7.93bln (exp. 7.81bln), recurring EBIT 1.44bln (exp. 0.96bln), raises its FY26 sales growth to "around" 5% (prev. guided 3-5%) and recurring EBIT 10% (prev. guided 8-10%). (Holcim)OTHER SWISS COMPANIESClariant (CLN SW) - H1 2026 (CHF): Revenue 1.86bln (exp. 1.86bln), EBITDA 300.2mln (prev. 291.1mln Y/Y), EBITDA before exceptional items 331.3mln (prev. 358.9mln Y/Y), leaves FY26 guidance unchanged. (Clariant)BROKER MOVESSCANDINAVIABROKER MOVESHexagon (HEXAB SS) reinitiated with Neutral at Goldman SachsSubsea 7 (SUBC SS) upgraded to Hold from Sell at SEBUSCLOSES: SPX +1.66% at 7,438, NDX +3.36% at 28,106, DJI +1.19% at 52,213, RUT +1.37% at 2,946SECTORS: Communication Services -2.52%, Consumer Staples -2.24%, Health -1.65%, Real Estate -1.23%, Utilities -0.53%, Materials +0.21%, Energy +0.52%, Financials +0.59%, Industrials +1.00%, Consumer Discretionary +1.57%, Technology +5.24%.Amazon (AMZN) - Amazon shares rose over 10% in extended US trading after it reported faster AWS growth, while stronger-than-expected revenue reassured investors that heavier AI and data centre spending is being matched by accelerating cloud demand, despite its guidance coming in on the soft side. Q2 EPS 5.75 (exp. 1.82), Q2 revenue USD 200.6bln (exp. 196.43bln). Net income included USD 53.4bln of pre-tax other income primarily related to its Anthropic investment. AWS revenue +36.7% Y/Y to USD 42.23bln, operating income USD 16.62bln (vs USD 10.16bln Y/Y), order backlog USD 496bln. Advertising revenue +26% Y/Y. AI and chips businesses each surpassed annualised revenue run-rates of USD 25bln. CEO said AWS recorded its fastest growth in 18 quarters, and highlighted record Prime delivery speeds. Sees Q3 revenue between USD 197-202bln (exp. 203.92bln), sees Q3 operating income between USD 22.5-26.5bln (vs USD 17.4bln Y/Y), sees FY26 capex of USD 220bln (raised from USD 200bln), mostly directed towards AI infrastructure.Apple (AAPL) - Apple shares fell over 6% in extended US trading despite a quarterly top- and bottom-line beat, as weak services, iPad and China sales, below-forecast revenue guidance and warnings of severe supply constraints weighed. Q3 EPS 2.02 (exp. 1.89), Q3 revenue USD 109.4bln (exp. 108.85bln); EPS included an 0.11 benefit from tariff refunds. iPhone revenue +22% Y/Y to USD 54.25bln (exp. 53.6bln), Mac revenue +29% Y/Y to USD 10.35bln (exp. 8.62bln), Services revenue USD 30.739bln (exp. 31.36bln), Wearables revenue USD 7.883bln (exp. 7.87bln), Products revenue USD 78.68bln (exp. 77.25bln). By region, Americas revenue USD 45.78bln (exp. 45.24bln), Greater China revenue USD 18.816bln (exp. 19.58bln). Gross margin was 50.1%, up 80bps Q/Q, including a roughly 200bps benefit from tariff refunds, while total operating expenses were USD 19.08bln (exp. 18.96bln). The installed base exceeded 2.5bln active devices and paid subscriptions surpassed 1.5bln. Outgoing CEO Tim Cook said strong iPhone and Mac demand exceeded expectations, while advanced-node availability is causing significant supply constraints. Sees Q4 revenue between USD 111.7-113.7bln (exp. 114.95bln), representing growth of 9-11% Y/Y, with iPhone revenue growth in the mid-teens and Services growth broadly similar to Q3; FX expected to be a roughly 250bps sequential headwind, and supply constraints are expected to worsen significantly.Tesla (TSLA), SpaceX (SPCX) - Tesla is considering separating its China business through a sale, spinoff or closure before a potential SpaceX merger, WSJ reports. The move would address geopolitical and regulatory concerns linked to SpaceX’s US defence work. China represented about 18% of Tesla’s H1 2026 sales, and any transaction could face scrutiny from Beijing, the report adds.