Newsquawk Logo

[MARKET ANALYSIS] European bourses broadly softer to start Q3, softer NKE outlook weighs on its European peers

Newsquawk StaffPublished On the live feed at — 6 more headlines followed before this page went public
Newsquawk headlinesUTC

Indirect US-Iran technical talks are reportedly underway in Doha, with Qatar and Pakistan acting as mediators; sessions involve chief negotiators and specialist teams, sources suggest

UK S&P Global Manufacturing PMI Final (Jun) 52.5 vs. Exp. 53.1 (Prev. 53.9)

[MARKET ANALYSIS] European bourses broadly softer to start Q3, softer NKE outlook weighs on its European peers

[MARKET UPDATE] Brent and WTI continue to pullback, no fresh driver into Doha; move potentially from the positive skew to current expectations as the US and Iran are expected to hold indirect talks and after Trump’s openness to extending deadlines

France is reportedly to hold its first round of Presidential elections on April 18, 2027; run-off is expected around May 2nd, 2027

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
  • European bourses (STOXX 600 -0.2%) start Q3 on a softer footing, with Germany's DAX 40 (+0.2%) the only index printing modest gains; perhaps welcoming recent pension reform progress and the possible involvement of the Bundesbank. Final manufacturing PMI figures were broadly positive, with the majority of PMIs being revised higher. Commentary was relatively upbeat, with S&P stating that the sustained growth was accompanied by a welcome cooling of cost pressures.
  • Sectors tilt to the negative side. Chemicals (+0.7%), Telecoms (+0.3%) and Health Care (+0.3%) are the top 3 sectors. To the downside lies Media (-1.6%), Consumer Products & Services (-1.2%) and Real Estate (-0.8%).
  • An M&A story for Schneider Electric (-2.3%). The Co. acquired Aker's (+6.6%) stake in Cognite for USD 3.1bln in cash. Markets have taken this as a negative for Schneider, with analysts at JPMorgan stating that the deal is very expensive and slightly unhelpful, adding that it will only add c. 0.4% to group sales.
  • Key movers include: AB Foods (-2.1%), as Primark LFL sales dropped by 2.2% and stated a profit-hit at its sugar unit due to the Iran conflict; Galderma (-5.6%), the US FDA rejected its Botox treatment; Air Liquide (+1.8%), to invest over USD 170mln to assist SK Hynix build a global AI memory ecosystem; Nokia (+1.5%), upgraded to Buy at Danske Bank.
  • Following on from Nike's (-3.3% pre-market) earnings after-hours, its European peers have come under pressure (Adidas -1.1%, JD Sports -1.7%). Despite the stronger-than-expected Q4 earnings, its outlook seemed to cloud the broader sportswear space. The Co. guided a further drop in revenue through H1'27 and commented on further weakness in China.
  • US equity futures are softer across the board, with underperformance in the NQ (-0.5%). Overnight, Business Insider reported that Microsoft (+1.0% pre-market) is planning to announce fresh job cuts of under 2.5%.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.