European pre-market summary - 26th October 2026: European bourses set for a slightly firmer open; stock stories focused on a slew of healthcare updates
Newsquawk Staff ·
Pharma
- AstraZeneca (AZN LN): Co. announced positive results from the SAFFRON Phase III trial showed Tagrisso plus Orpathys demonstrated a statistically significant and clinically meaningful improvement in both progression-free survival and overall survival versus doublet platinum-based chemotherapy.
- GSK (GSK LN): GSK reported positive results from two cancer trials. Phase II AZUR-1 showed Jemperli achieved a 76% complete response rate in locally advanced rectal cancer.
- Bayer (BAYN GY): Reports interim analysis results from the Phase III DASL-HiCaP trial show a statistically significant 58% reduction in the risk of metastasis or death with NUBEQA versus placebo in addition to androgen deprivation therapy and radiation therapy.
- Novartis (NOVN SW): Remibrutinib delivered comprehensive disease control in a Phase 3 RMS trial. The experimental multiple sclerosis pill met its primary endpoint but fell short of analyst expectations.
Earnings
- PostNL (PNL NA): Q3 2026 (EUR): Revenue 736mln (prev. 762mln Y/Y). Confirms 2026 outlook, with FCF to be at around 0.
- Galp Energia (GALP PL): Q3 2026 (EUR): RCA EBITDA 1.52bln (exp. 1.48bln). FY Outlook: RCA EBITDA 4bln (prev. guided 5bln Y/Y)
Broker Moves
- Eni (ENI IM) downgraded to Neutral from Outperform at Santander
- Telefonica (TEF SM) downgraded to Underweight from Neutral at JPMorgan
- Newsquawk European Equity Opening News - 26th October 2026
- [MARKET ANALYSIS] Asia-pac stocks are mixed with cautiousness ahead of tech earnings and central bank meetings
- PRE-MARKET AUSTRALIAN STOCKS NEWS: BlueScope Steel raises H1 FY27 underlying EBIT guidance, Rio Tinto (RIO AT) received non-binding indicative offers from Apollo and Singapore's GIC for AUD 7bln worth of energy infrastratructure assets put up for sale
- CRUDE WRAP: WTI (Z6) SETTLES USD 3.80 HIGHER AT USD 103.27/BBL; BRENT (Z6) SETTLES USD 3.55 HIGHER AT USD 116.72/BBL
- Eni (ENI IM) expected to sign infrastructure contracts worth up to USD 1.8bln for a gas project in Cyprus in the coming days, according to the WSJ
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- Week in Focus 26-30th October 2026: FOMC, BoC, RBNZ, ECB, BoJ Policy Decisions, US PCE2 days ago
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call2 days ago
- [CALENDAR UPDATE] US President Trump will be meeting with the US Ambassador to the French Republic at 13:30EDT/17:30GMT and will deliver remarks in Mississippi at 19:00EDT/23:00GMT on Monday5 hours ago
- Bristol Myers Squibb (BMY) spokesperson says the company has identified the cause of an earlier Car-T safety signal; will look to resume the paused trials in 20272 days ago
- Frasers (FRAS LN) acquires an additional 0.29% stake in Hugo Boss (BOSS GY) for EUR 7.6mln; Hugo Boss now becomes a subsidiary of Frasers since stake is over 50%2 days ago
- US President Trump says we’re close to ending, I hope, the Russia-Ukraine war2 days ago
- White House says President Trump has further modified Canadian products subject to tariffs under Section 338; tariff changes will take effect on 30th October 20262 days ago
- US President Trump, on Iran, says we may do another operation against Iran; doubts Iran will say ‘let’s get down to business’2 days ago
- Citi says it remains neutral on copper until more energy-market and tariff clarity emerges; views any associated risk-off episodes as good long-term buying opportunities2 days ago
- US President Trump expected to remove some tariffs on Canada in a bid to help Senator Susan Collins, WSJ reports2 days ago
- The Trump administration plans to introduce voluntary “US Caught Seafood” labels to help consumers identify seafood origins, according to CBS2 days ago