Newsquawk Logo

Headlines

EUROPEAN OPEN: PAH3 GY posts H1 loss, urges VOW3 GY changes; ALV GY record Q2 profits; MUV2 GY profit beat, revenue outlook cut; DTG GY raises guidance, expands buyback; BMPS IM beats forecasts, integration analysis continues

Newsquawk Staff ·

STOCK SPECIFICS

  • FINANCIALS: Allianz (ALV GY) reported record Q2 operating profit +11% Y/Y at EUR 4.87bln (exp. 4.58bln). Pimco attracted EUR 31.7bln of third-party inflows, and Allianz Global Investors EUR 7.6bln. Confirmed FY operating profit guidance of EUR 17.4bln +/- EUR 1bln; will continue to expand in Asia. Munich Re (MUV2 GY) reported Q2 net profit of EUR 2.211bln (exp. 1.786bln); major loss costs were 4.9% of insurance revenue (exp. 18%); backed its FY profit target of EUR 6.3bln, but cut its insurance revenue forecast to EUR 38bln (from EUR 40bln). BMPS (BMPS IM) reported Q2 net income of EUR 610.2mln (exp. 553.6mln), revenue of EUR 2.06bln (exp. 1.99bln), net operating income EUR 1.06bln (exp. 0.96bln); fee income was EUR 670mln (exp. 632mln), and loan-loss provisions EUR 138mln (exp. 165mln). Strategic-option analysis continues, with Mediobanca (MB IM) integration expected in Q4. Mediobanca (MB IM) H1 total income EUR 1.95bln (prev. 1.84bln), net operating income EUR 1.01bln (prev. 0.95bln), PBT of EUR 991mln (prev. 927mln); confirmed FY26 guidance. Generali (G IM) H1 operating profit EUR 4.5bln (exp. 4.38bln), adj. net profit EUR 2.54bln (exp. 2.41bln); non-life undiscounted combined ratio was 93.8% (prev. 93.1%), while life net inflows rose to EUR 8.33bln (from EUR 6.35bln); announced a EUR 500mln share buyback. HSBC (HSBA LN) sold its Tokyo Nihonbashi building in March to Mitsubishi HC Capital, and is leasing space there temporarily before relocating near Tokyo Station.
  • INDUSTRIALS: Airbus (AIR FP) July deliveries 67 (prev. 89), gross orders 204 (prev. 71). Daimler Truck (DTG GY) Q2 revenue EUR 11.42bln, adj. EBIT of EUR 838mln (exp. 858mln), unit sales 86.7K; raised FY26 adj. EBIT guidance to EUR 3.6-4.1bln, and unit sales view to 340K-370K; plans a second buyback tranche of up to EUR 1.1bln.
  • CONSUMER CYCLICAL: Porsche SE (PAH3 GY) H1 adj. PBT tax EUR 0.95bln (prev. 1.11bln), profit after tax of EUR -2.22bln (prev. 0.34bln); group net debt fell to EUR 4.98bln (from EUR 5.10bln); it called for a rapid change of course at Volkswagen (VOW3 GY) to improve competitiveness. DraftKings (DKNG) results missed expectations as the sports betting industry faced increasing competition from prediction market platforms, adding pressure to growth and profitability.
  • INDUSTRIALS: The FAA ordered inspections of 471 Boeing (BA) 737 Max jets for cracks in a component reinforcing the front door frame; the directive covers 737 Max 8, 9 and 8200 variants and takes effect on 10th September. Boeing said it supports the checks and is working on changes to prevent future cracking.
  • MATERIALS The White House invited executives from Rio Tinto (RIO), BHP (BHP), Freeport-McMoRan (FCX), MP Materials (MP), USA Rare Earth (USAR), Energy Fuels (UUUU), US Antimony (UAMY), Sunrise Energy Metals (SRL) and The Metals Company (TMCWW) to a critical-minerals meeting with President Trump; the summit will showcase US efforts to reduce reliance on China and may include new deals and MOUs. Brenntag (BNR GY) raised its FY26 operating EBITDA guidance to between 1.35-1.45bln (prev. guided 1.25-1.40bln). Lanxess (LXS GY) Q2 revenue EUR 1.56bln (exp. 1.55bln), EBITDA pre-exceptionals EUR 152mln (prev. 150mln), net income EUR -53mln (prev. -45mln); confirmed FY26 EBITDA pre-exceptional guidance, citing improved demand, higher volumes and price increases that largely offset higher raw-material and energy costs.
  • TECH: ByteDance is training an AI model with up to 10tln parameters that could approach the size of Anthropic’s Mythos system, FT reports; the model is at an early training stage and would be around three times larger than Moonshot’s Kimi K3. Microchip Technology (MCHP) shares rose 8% in extended trading after a Q1 beat, and its outlook topped forecasts, supported by strengthening demand across AI data centres, industrial, automotive and aerospace markets. Cloudflare (NET) shares rose 16% after quarterly earnings and revenue beat expectations, and both its near-term and FY outlooks topped forecasts, supported by strong customer growth. Atlassian (TEAM) surged over 30% in extended trading after a Q4 beat, and its near-term outlook topped forecasts, supported by strong cloud growth and accelerating adoption of its AI-focused platform tools. Lyft (LYFT) edged higher 0.3% in extended trade after stronger than expected revenue, record bookings, supported by rising rider demand and World Cup activity, outweighed a profit miss caused by heavier promotional spending.
  • COMMUNICATIONS: Meta (META) was ordered to pay USD 567mln into a New Mexico child-safety fund, bringing total penalties in the case to USD 942mln. A judge deemed its platforms a public nuisance and ordered safeguards including messaging restrictions, limits on nudity, notification curbs and a 90-hour monthly usage cap for under-18s. Meta plans to appeal.
  • NOTABLE BROKER UPDATES: Pan African Resources (PAF LN) initiated with Outperform at RBC. Roche (ROP SW) upgraded at Morgan Stanley; Prysmian (PRY IM) upgraded at Berenberg; Flutter Entertainment (FLUT LN) upgraded at Citi. Stellantis (STLAM IM) downgraded at Societe Generale.

DAY AHEAD

  • DATA: In North America, US July nonfarm payrolls (exp. 80K, prev. 57K), unemployment rate seen at 4.2% (prev. 4.2%), average hourly earnings seen rising +0.3% M/M (prev. 0.3%) and is expected to remain at 3.5% Y/Y. The NY Fed will publish its consumer inflation expectations report for the month. Canada employment change is seen up 15K (prev. 18.2K), and the unemployment rate is expected to hold at 6.5%. Canada also reports Ivey PMI (exp. 55.5, prev. 56.2).
  • CENTRAL BANKS: Fed’s Barkin (2027 voter, neutral) takes part in a fireside chat.
  • ENERGY: Baker Hughes reports weekly rig count data (prev. oil 451, gas 127, total 588).
  • EARNINGS: Notable corporates reporting today include: Vistra (VST), Take-Two (TTWO), PPL (PPL), Under Armour (UAA).
  • CRA: S&P reviews Switzerland (AAA).
  • PREVIEW - US JOBS REPORT (13:30BST/08:30EDT): The consensus expects the US economy to have added 80k nonfarm payrolls in July, up from June’s 57k, with the unemployment rate seen holding steady at 4.2%. Average hourly earnings are forecast to rise 0.3% M/M, leaving the annual rate unchanged at 3.5% Y/Y. Labour market proxies are mixed: initial jobless claims fell to their lowest level since September 1969 during the survey window, though ADP’s private payrolls figure disappointed in July, skewing risks to the downside for the private payrolls component. Meanwhile, business surveys were similarly divergent, with ISM manufacturing employment returning to growth for the first time in 33 months, while services employment slipped back into contraction. Elsewhere, the Conference Board’s consumer confidence data showed a modest softening in the labour market differential. For the Fed, officials have broadly characterised the labour market as stable, keeping their focus squarely on inflation; a solid payrolls print and steady unemployment rate would likely reinforce that stance. Newsquawk’s full NFP preview is here.

More on this story

Make Newsquawk a preferred source on GoogleSelect this to see Newsquawk more often in Top Stories when you search Google.

Related headlines

Newsquawk Logo

© 2026 Newsquawk. All rights reserved.