European pre-market summary - 27th October 2026: Futures falter as energy lifts and heavyweights dissapoint

Newsquawk Staff · 27 Oct 2026, 07:35 UTC

Q3 Earnings

HSBC (HSBA LN), -5.3% in HK trade: PBT & Revenue missed. NII higher Y/Y. Affirms guidance, USD 1bln buyback.
Orange (ORA FP), +1.4%: Revenue beat, EBITDAaL higher Y/Y. EBITDAaL guidance upgraded.
Novartis (NOVN SW), +0.9%: Net in-line, adj. Operating Income and EPS beat. Upgrades FY26 Operating Income guide.
Alfa Laval (ALFA SS): Sales & Net miss, adj. EBITA & Orders beat.
Assa Abloy (ASSAN SS): Sales, EBITA and EBIT beat.

9M Earnings

Porsche AG (P911 GY), +2%: Revenue lower Y/Y, Operating Profit much higher Y/Y. Reaffirms guidance, above exp.

Pharmaceutical

Bayer (BAYN GY): Post hoc sub-analysis of key secondary endpoint data from the OASIS-1 and OASIS-2 pivotal trials for Lynkuet, in which the efficacy of Lynkuet for the treatment of moderate to severe hot flashes due to menopause was demonstrated.

Other

Engie (ENGI FP): Belgium is, according to De Tijd, considering compulsory nationalisation of nuclear assets as Engie negotiations struggle to make progress.
BE Semi (BESI NA): Applied Materials (AMAT) plans to raise its stake in the Co. to about 20% from 9%.
Universal Music Group (UMG NA): Reportedly discussed going private with buyout firms, Bloomberg reports.
Novo Nordisk (NOVOB DC): US judge rejects request to temporarily block Eli Lilly (LLY) from advertising claims that its drugs are more effective.

What our morning note said

EU Market Open, 27 Oct, 06:44 UTC · what it led with

Iranian Deputy Security Chief Bagheri Kani said Iran is open to a shorter US proposal timeline if conditions are met, according to state TV.
APAC stocks were mixed, with tech stocks supported by the rebound stateside; European equity futures indicate a marginally lower cash open.

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FX headlines from our feed, and what the market did next.

US President Trump expected to remove some tariffs on Canada in a bid to help Senator Susan Collins, WSJ reports.
USD/CAD−0.2%
South Africa’s National Treasury says Inflation is expected to return to 3% target in 2029.
USD/ZAR−0.3%
Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.
DXY+0.1%

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Q3 Earnings

9M Earnings

Pharmaceutical

Other

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