[MARKET ANALYSIS] European bourses continue to rebound, NOKIA FH boosted following CSCO earnings; NVDA gains as US reportedly approves H200 chip exports to China
Newsquawk Staff ·
- A broadly positive start for European bourses (STOXX 600 +0.4%) to begin Thursday’s session. The DAX (+1.3%) is the clear outperformer, supported by Infineon and Rheinmetall while the FTSE 100 (+0.1%) underperforms, as 3i Group slumps after its FY total return missed estimates.
- Sectors hold a positive bias. Tech tops the sector pile while Financial Services lies at the bottom. Newsflow surrounding European tech has been light, but gains in US-listed Cisco after-hours seem to have passed through to the broader tech area. Cisco reported earnings that beat EPS and revenue expectations while also issuing stronger-than-expected guidance.
- A quieter day for European earnings. Telefonica, slightly missed revenue estimates but adj. EBITDA grew from a year earlier boosted by growth in Brazil and easing Spanish competition; Burberry, Q4 retail comp sales beat expectations; Watches of Switzerland, revenue surged 13% following strong US sales and gave strong revenue growth guidance.
- US equity futures gain pre-market, further extending on ATHs. Initial upside in NQ futures came following reports that the US have approved around 10 Chinese firms to buy Nvidia H200 chips, and Nvidia shares have risen 2.6% pre-market as a result. Packed session ahead with Fed speak and US data, including Retail sales, Jobless claims and Import/Export prices slated.
- Week in Focus 26-30th October 2026: FOMC, BoC, RBNZ, ECB, BoJ Policy Decisions, US PCE
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call
- Newsquawk Weekly Economic Release 26th - 30th October 2026
- US EQUITY OPEN: Breadth poor at the open: Energy leads gains on oil rally, Tech sees slight bounce
- Daily US Equity Opening News: SPCX explores access to 80K US cell sites; OpenAI nears USD 30bln funding at $1.25T valuation
Related headlines
- Newsquawk European Market Wrap - 23rd October 202612 hours ago
- 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/BBL7 hours ago
- US President Trump says we’re close to ending, I hope, the Russia-Ukraine war7 hours 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 20267 hours ago
- US President Trump, on Iran, says we may do another operation against Iran; doubts Iran will say ‘let’s get down to business’7 hours ago
- US President Trump expected to remove some tariffs on Canada in a bid to help Senator Susan Collins, WSJ reports8 hours ago
- The Trump administration plans to introduce voluntary “US Caught Seafood” labels to help consumers identify seafood origins, according to CBS10 hours ago
- US President Trump says they are "very close" to a deal with Mexico. Canada is working hard to make a deal.11 hours ago
- US President Trump says he discussed the North Sea with the UK PM. Conversation also include Iran and Ukraine.11 hours ago
- US President Trump says "we could end the Iran war very quickly", adds "do we want to finish it or let it within is the question"11 hours ago
- US President Trump is set to speak with UK PM Burnham this afternoon on the Russia-Ukraine situation, BBG reports11 hours ago
- Kimi K3.1 Pro AI model builds GTA VI-style (TTWO) playable game demo in just 10 hours for USD 52, developer claims on X; showcases AI’s ability to generate video game experiences - UNCONFIRMED7 hours ago
- 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 WSJ11 hours 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 opportunities8 hours ago
- Japan is considering classifying energy and AI spending as defence expenditure amid pressure from the Trump administration to increase military budgets, according to Nikkei11 hours ago