Newsquawk Daily European Equity Opening News - 30th April 2026

ASIA

Asia-Pac stocks traded with a negative bias, as weakness stateside in cash hours, earnings and recent geopolitical updates drive price action. More recently, Axios reported that US CENTCOM is to brief President Trump on new plans for potential military action, which is to include a short and powerful strike to break the nuclear issue deadlock. ASX 200 printed modest losses. IT and Tech topped the sector pile while consumer staples and mining underperformed. Nikkei 225 returned from holiday closure with losses in excess of 1%, returning to the 59,000 handle. Fujitsu weighed on the index after the Co.’s Q4 op. profit and FY forecast missed estimates. On the other hand, TDK was one of the outperformers, following FY net that rose by around 20%. KOSPI lacked direction, trading either side of the unchanged mark. Initial upside came after Samsung Electronics reported Q1 earnings that beat top- and bottom-line metrics. However, the earlier gains were erased as trade continued. LG Electronics held onto its earlier gains, after the Co. reported Q1 net that beat expectations. Hang Seng and Shanghai Comp. traded mixed, with the Hang Seng the clear underperformer. Stronger-than-expected manufacturing PMIs failed to support the indices, while China Construction Bank printed losses following its Q2 earnings.

Samsung Electronics (005930 KS) - Shares rose overnight after it reported record-beating profit and revenue driven by AI-linked memory demand, chip shortages and higher memory prices, with continued strength in server memory and high-bandwidth memory supporting sentiment. Q1 net income KRW 47.1tln (exp. 38.3tln), Q1 revenue KRW 133.9tln (exp. 117.5tln). Operating profit KRW 57.2tln (exp. 57.2tln), while chip sales rose to KRW 81.7tln (exp. 69.5tln) and chip operating profit rose to KRW 53.7tln (exp. 40.4tln), aided by HBM4 and SOCAMM2 sales to Nvidia (NVDA). Mobile and networks sales were KRW 38.1tln (exp. 35.4tln). Expects memory demand to accelerate in Q2, although Q2 revenue in the mobile business is expected to decline. The company also said agentic AI is expected to accelerate demand growth in H2.

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 -0.39% at 5,812, Dax 40 -0.31% at 23,944, FTSE 100 -1.16% at 10,213, CAC 40 -0.39% at 8,072, FTSE MIB -0.51% at 47,796, IBEX 35 -0.62% at 17,665, PSI -0.60% at 9,210, SMI -0.88% at 13,032, AEX -0.38% at 997

FTSE 100

Ex-dividends - Weir (WEIR LN) and IG (IGG LN) will trade without entitlement to their latest dividend payments. (dividenddata)

Standard Chartered (STAN LN) - Q1 2026 (USD): Adj. Pretax Profit 2.45bln (exp. 2.40bln), Operating Profit 5.9bln (exp. 5.58bln), reaffirms FY26 guidance, sees 2026 op. income Y/Y growth at the bottom end of 5-7% range. (Standard Chartered)

UK Autos - UK total vehicle production -8.2% Y/Y; hit by commercial vehicle output, parts shortages and weaker exports to Asia and the US. (Newswires)

OTHER UK COMPANIES

BROKER MOVES

DAX

BASF (BAS GY) - Q1 2026 (EUR): adj. EBITDA 2.36bln (exp. 2.24bln), Revenue 16bln (exp. 16bln), Net 0.927mln (prev. 808mln), EPS 1.06 (prev. 0.91). Sales declined slightly amid strong adverse FX effects and "slightly" lower prices. Maintains FY26 guidance. Proposes a EUR 2.25/shr dividend, in-line with the plan. (BASF)

DHL (DHL GY) - Q1 2026 (EUR): Revenue 20.4bln (exp. 20.7bln), EBIT 1.48bln (prev. 1.37bln Y/Y), EPS 0.73 (prev. 0.68 Y/Y). Noted that revenue in the Global Forwarding division decreased by 5.0% to €4,527 million in the first quarter of 2026 due to lower freight rates. Capacity shortages and higher oil prices resulting from the conflict in the Middle East caused freight rates to rise again significantly at the end of the quarter. Confirms guidance. (DHL)

OTHER GERMAN COMPANIES

Aixtron (AIXA GY) - Q1 2026 (EUR): Revenue 59.4mln (prev. 112.5mln Y/Y), Order Intake 171.4mln (prev. 132.2mln Y/Y), EBIT -22.3mln (prev. 3.3mln Y/Y), Net Income -21.9mln (prev. 5.1mln Y/Y), EPS -0.19 (prev. 0.04 Y/Y). FY guidance raised. Now sees FY Revenue 560mln (exp. 547mln, prev. saw 520mln), EBIT Margin 17-20% (prev. saw 16-19%). (Aixtron)

Delivery Hero (DHER GY) - Q1 2026 (EUR): GMV 12.5bln (prev. 12.4bln Y/Y), Segment Revenue 3.728bln (prev. 3.390bln Y/Y). GMV +8.8% LFL Y/Y, Segment Revenue +17.8% LfL Y/Y, Quick Commerce GMV +30% LfL Y/Y, FY guidance confirmed. (Delivery Hero)

Kion (KGX GY) - Q1 2026 (EUR): Revenue 2.77bln (exp. 2.79bln), Adj. EBIT 205.2mln (exp. 206.3mln). Confirms outlook for 2026. (Kion)

Nemetschek (NEM GY) - Q1 2026 (EUR): Revenue 313mln (prev. 282mln Y/Y), EBITDA 98.4mln (prev. 80.7mln Y/Y). Executive Board fully confirms revenue and EBITDA margin guidance for the financial year 2026. (Nemetschek)

Porsche AG (P911 GY) - Q1 2026 (EUR): Operating 595mln (exp. 599mln), Revenue 8.4bln (exp. 8.5bln) Guidance: FY revenue 35-36bln (exp. 35.3bln). CFO expects even further decline in China this year to just over 30k units. 2026 sales seen at 250k vehicles. (Porsche AG)

Talanx (TLX GY) - Q1 2026 (EUR): Net Income 774mln (prev. 604mln Y/Y), Insurance Revenue 12.1bln (prev. 12.4bln Y/Y). Revenue +3% currency-adjusted Y/Y, FY net income guidance ~2.7bln confirmed. (Talanx)

BROKER MOVES

CAC

Credit Agricole (ACA FP) - Q1 2026 (EUR): Revenue 6.99bln (exp. 7.06bln), Op. Income 3.01bln, +6.2% Y/Y, CET1 Ratio 17.1% (prev. 17.3% Y/Y). Highly dynamic activity in the savings and insurance business lines. (Credit Agricole)

Capgemini (CAP FP) - Q1 2026 (EUR): Revenue 5.94bln, +7% Y/Y, Bookings 6.05bln, +6.2% Y/Y. FY Outlook: Revenue growth of 6.5-8.5%. CEO: "This quarter’s performance validates our cloud and AI strategy, delivering strong underlying growth, in line with Q4 2025 and outperforming most peers in the market". (Capgemini)

BNP Paribas (BNP FP) - Q1 2026 (EUR): Net 3.22bln (exp. 2.92bln), Revenue 14.1bln (exp. 13.95bln), FICC Sales & Trading Revenue 1.63bln (exp. 1.59bln), Loan Loss Provision 922mln (exp. 888mln), CET1 Ratio 12.8% (exp. 13.3%). Sees 2027 CET1 Ratio at 13%. Elsewhere, BNP Paribas and Holmarcom Finance Company have concluded an agreement for the divestment by BNP Paribas to HFC of its entire 67% controlling interest in Banque Marocaine pour le Commerce et l’Industrie (BMCI). (BNP Paribas)

Engie (ENGI FP) - Co. and Belgium are in talks for Belgium nuclear activities. (Engie)

Societe Generale (GLE FP) - Q1 2026 (EUR): Net income 1.70bln (exp. 1.55bln), Revenue 7.11bln (exp. 7.18bln), Operating Profit 4.33bln (prev. 2.03bln Y/Y), CET1 13.5%. Confident in 2026 goals. (Societe Generale)

OTHER FRENCH COMPANIES

Remy Cointreau (RCO FP) - FY 2025/26 (EUR): Revenue 935.3mln (exp. 939.1mln, prev. 984.6mln Y/Y). Organic sales +0.2% Y/Y, reported sales -5.0% Y/Y, Q4 sales +8.9% organic Y/Y, FY COP target confirmed. Cognac division (by region): This performance was primarily driven by strong sales growth in the APAC region, led by China. Despite a challenging environment, China benefited from a very favourable base of comparison, positive calendar effects, and resilient business during the Chinese New Year. (Remy Cointreau)

Technip Energies (TE FP) - Q1 2026 (EUR): Revenue 1.782bln (exp. 1.91bln, prev. 1.853bln Y/Y), Recurring EBITDA 148.8mln (prev. 162.0mln Y/Y), Recurring EBIT 110.0mln (prev. 131.7mln Y/Y), Net Income 84.5mln (prev. 100.9mln Y/Y), EPS 0.48 (prev. 0.56 Y/Y), Order Intake 6.050bln (prev. 662.7mln Y/Y). (Technip Energies)

BROKER MOVES

PAN EUROPE

Arcadis (ARCAD NA) - Q1 2026 (EUR): Revenue 933mln (prev. 972mln Y/Y), Order intake 1.109bln (prev. 1.079bln Y/Y), EBITA 87mln (prev. 83mln Y/Y). Operating EBITA margin 11.0% (prev. 10.9% Y/Y), EBITDA margin 12.0% (prev. 11.4% Y/Y), organic revenue growth 0.8% Y/Y, guidance unchanged. (Arcadis)

ArcelorMittal (MT NA) - Q1 2026 (USD): Sales 15.5bln (exp. 16bln), Op. Income 753mln (prev. 825mln Y/Y), EBITDA 1.67bln (prev. 1.58bln Y/Y). 2026 capex guidance remains unchanged at USD 4.5-5.0bln. The potential incremental EBITDA impact of strategic capex projects (including completed M&A) is now USD 1.8bln

BBVA (BBVA SM) - Q1 2026 (EUR): Net 2.99bln (prev. 2.70bln Y/Y), EPS 0.51 (exp. 0.48); NII 7.5bln, +17.8% Y/Y; Net Trading Income 0.915bln, -3.4% Y/Y; Gross Income 10.65bln, +14.2% Y/Y "...moving toward a truly AI-driven model by renewing its operating system and industrializing the creation, governance and deployment of AI agents at scale. Although still at an early stage, promising results are already emerging" On track to meet 2028 goals. (BBVA)

Cellnex (CLNX SM) - Q1 2026 (EUR): Revenue 984mln (exp. 832mln, prev. 964mln Y/Y), Adj. EBITDA 832mln (prev. 798mln Y/Y), EBITDAaL 595mln (prev. 566mln Y/Y), Recurring Levered FCF 378mln (prev. 351mln Y/Y), FCF 118mln (prev. -66mln Y/Y). EBITDAaL margin 60.5% (prev. 58.8% Y/Y, +170bps), RLFCF/share +18% Y/Y, FY guidance reiterated. EUR 250mln dividend paid in January, second tranche scheduled for July, and EUR 260mln of the EUR 500mln buyback executed as of 31 March. (Cellnex)

Caixabank (CABK SM) - Q1 2026 (EUR): NII 2.66bln (prev. 2.64bln Y/Y), Trading Income 65mln (prev. 69mln Y/Y), Gross Income 4.12bln (prev. 4.011bln Y/Y). Approves a EUR 500mln share buyback. (Caixabank)

Erste Group (EBS AV) - Q1 2026 (EUR): Operating Income 3.939bln (prev. 2.802bln Y/Y), Net Interest Income 2.674bln (prev. 1.872bln Y/Y), Net Fee Income 965mln (prev. 780mln Y/Y), Operating Expenses 1.771bln (prev. 1.345bln Y/Y), Net Income 879mln (prev. 743mln Y/Y). (Erste Group)

ING Group (INGA NA) - Q1 2026 (EUR): Pretax Profit 2.26bln, +6% Y/Y, Total Income 5.82bln (exp. 5.85bln), Net Income 1.56bln. CET1 capital ratio 13.0%, new share buyback programme up to EUR 1.0bln announced. Affirms guidance. (ING Group)

IMCD (IMCD NA) - Q1 2026 (EUR): Revenue 1.26bln, +6% Y/Y, Gross Profit 312mln, +1% Y/Y. (IMCD)

Puig (PUIG SM) - Estee Lauder (EL) said to consider a bid for Puig for EUR 18-19/shr, EL said to have offered offered Marc Puig co-presidency of the group alongside William Lauder, EXPANSIÓN reported

Prysmian (PRY IM) - Q1 2026 (EUR): Revenue 5.21bln (prev. 4.77bln Y/Y), Adj. EBITDA 601mln (prev. 527mln Y/Y). Confirms the 2026 guidance. (Prysmian)

Repsol (REP SM) - Q1 2026 (EUR): EPS 0.82 (exp. 1.63), Adj. EBITDA 2.61bln (prev. 1.24bln Y/Y). (Repsol)

Zealand Pharma (ZEAL DC) / Roche (ROP SW) - Cos to advance petrelintide, an amylin analog, to Phase 3 trials for chronic weight management. Phase 3 trials for chronic weight management planned for initiation in the second half of 2026. Petrelintide demonstrated double-digit weight loss with placebo-like tolerability in the ZUPREME-1 Phase 2 trial. (Zealand Pharma)

BROKER MOVES

SMI

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

Danske Bank (DANSKE DC) - Q1 2026 (DKK): Net Fee Income 3.9bln (exp. 3.78bln), Total Income 14bln (exp. 14.2bln), NII 9.3bln (exp. 9.19bln), Net Income 5.7bln (exp. 5.6bln). Maintains FY guidance. (Danske Bank)

BROKER MOVES

Coloplast (COLOB DC) downgraded to Neutral from Buy at Bank of America

Kone (KNEBV FH) downgraded to Sell from Hold at Nordea

Tieto (TIETO FH) upgraded to Buy from Hold at SEB

Zealand Pharma (ZEAL DC) upgraded to Buy from Hold at SEB

US

CLOSES: SPX -0.04% at 7,136, NDX +0.58% at 27,187, DJI -0.57% at 48,862, RUT -0.60% at 2,739

SECTORS: Utilities -1.23%, Materials -1.10%, Health -0.69%, Real Estate -0.64%, Industrials -0.62%, Consumer Staples -0.24%, Communication Services -0.14%, Financials +0.09%, Consumer Discretionary +0.10%, Technology +0.18%, Energy +2.35%.

Alphabet (GOOG) - Alphabet shares rose 6.5% in extended trading after strong Q1 revenue and profit growth, with booming cloud demand and management saying AI is driving growth across the business. It reported Q1 EPS of 5.11 (exp. 2.67), Q1 revenue USD 109.9bln (exp. 107.03bln). Google advertising revenue rose to USD 77.25bln (from 66.89bln Y/Y), Google Search & other revenue at USD 60.4bln (vs USD 50.7bln), YouTube ads revenue at USD 9.88bln (vs USD 8.93bln); Google Cloud revenue rose to USD 20.03bln (vs USD 12.26bln), with backlog nearly doubling Q/Q to more than USD 460bln. Paid subscriptions reached 350mln, Gemini Enterprise paid monthly active users grew 40% Q/Q, Gemini direct API usage rose 60% Q/Q to more than 16bln tokens per minute, and Waymo surpassed 500,000 fully autonomous rides per week. Raised its quarterly dividend +5% to 0.22/shr. CEO said AI investments and the company’s full-stack approach is lighting up every part of the business. Raises FY26 CapEx view to between USD 180-190bln (from USD 175-185bln), including the Intersect acquisition, and plans to sell TPUs to a select group of customers for use in their own data centres.

Amazon (AMZN) - Amazon shares rose 2% in extended trading on better-than-expected earnings and revenue, stronger-than-expected AWS and advertising growth, accelerating cloud momentum, and upbeat second-quarter sales guidance. It reported Q1 EPS of 2.78 (exp. 1.65), Q1 revenue of USD 181.5bln (exp. 177.17bln). AWS sales +28% Y/Y to USD 37.6bln, its fastest growth in 15 quarters; AWS operating income of USD 14.2bln (vs USD 11.5bln Y/Y). North America sales rose 12% to USD 104.1bln, International sales rose 19% to USD 39.8bln. CEO said customer demand is driving significant growth, with advertising above USD 70bln in TTM revenue, and unit growth in Stores at 15%. On the call, Jassy said Amazon remains confident in long-term AWS CapEx, with customer commitments already secured for a substantial portion, and said AWS’s chips business has topped a USD 20bln annual revenue run-rate, with Trainium commitments above USD 225bln. Sees Q2 revenue between USD 194.0-199.0bln (exp. 188.86bln), with an approximately 10bps FX headwind, and sees Q2 operating income between USD 20.0-24.0bln (vs 19.2bln Y/Y), assuming Prime Day occurs in Q2.

Ford (F) - Shares slipped slightly in extended trading, despite beating expectations. Q1 adj. EPS 0.66 (exp. 0.19), Q1 revenue USD 43.3bln (exp. 38.83bln). Ford said strong Q1 results reflected momentum in its Ford+ plan. CEO cited improved cost and quality execution, is on track to recover profits from Novelis in H2, and said it expects software and physical services revenue to grow nearly 8% annually through the end of the decade, to USD 15bln. The company plans to refresh 80% of its North America portfolio and 70% of its global portfolio by volume by 2029, including the 2027 launch of a universal EV platform from Louisville, while 90% of global nameplates are expected to offer electrified powertrains by decade-end. Raises FY26 adj. EBIT to between USD 8.5-10.5bln, sees FY26 adj. free cash flow between USD 5.0-6.0bln, sees FY26 CapEx between USD 9.5-10.5bln, raises FY26 Ford Blue EBIT to USD 5.0bln, sees Ford Pro EBIT between USD 6.5-7.5bln, Model E EBIT losses between USD 4.0-4.5bln, and Ford Credit EBIT of USD 2.5bln.

Meta Platforms (META) - Meta shares fell by 7.3% in extended trading after on concerns over higher AI infrastructure spending, mounting legal and regulatory scrutiny around youth social media harms, a decline in daily active people, and results that, while ahead on revenue, failed to impress against stronger big-tech peers. It reported Q1 EPS of 10.44 (exp. 6.82), Q1 revenue of USD 56.31bln (exp. 55.56bln); Q1 Family DAP averaged 3.56bln in March 2026 (+4% Y/Y), though the slight Q/Q decline was driven by internet disruptions in Iran and a restriction on WhatsApp access in Russia. CEO Zuckerberg noted strong momentum across its apps and the first model release from Meta Superintelligence Labs, adding the company is on track to deliver personal superintelligence to billions of people. On the call, Meta said trends across apps remain strong, video is driving all-time high engagement across Instagram and Facebook, Threads is on a trajectory to become a leading app in its category, and AI is helping unlock more video inventory. Sees Q2 revenue between USD 58-61bln (exp. 59.57bln), assumes FX is an approximately 2% Y/Y tailwind; backs FY26 total expenses between USD 162-169bln, and raises FY26 CapEx view, including finance lease principal payments, to between USD 125-145bln (from USD 115-135bln).

Microsoft (MSFT) - Shares ultimately slipped by 1.8% in choppy extended trading, after stronger-than-expected Azure growth guidance and confidence in demand were offset by concerns over record AI-driven capital spending, only modest cloud growth in the quarter, and rising competitive pressures. It reported Q3 EPS of 4.27 (exp. 4.07), Q3 revenue USD 82.89bln (exp. 81.43bln). Microsoft Cloud revenue rose 29% to USD 54.5bln, Productivity and Business Processes revenue rose 17% to USD 35.0bln, and Intelligent Cloud revenue rose 30% to USD 34.7bln, while Windows OEM and Devices revenue fell 2%, Xbox content and services revenue fell 5%. Microsoft 365 Commercial cloud revenue increased 19%, Microsoft 365 Consumer cloud revenue rose 33%, LinkedIn revenue increased 12%, Dynamics 365 revenue rose 22%, and search advertising revenue ex-TAC increased 12%. CEO said it is focused on delivering cloud and AI infrastructure for the agentic computing era, with its AI business surpassing a USD 37bln annual revenue run-rate, +123% Y/Y. On call, said it is moving aggressively to add capacity and is seeing record Copilot usage. Sees Q4 revenue between USD 86.7-87.8bln (exp. 87.65bln), Intelligent Cloud revenue between USD 37.95-38.25bln, Azure revenue growth of 39-40%, Q4 CapEx over USD 40bln, calendar 2026 CapEx of USD 190bln, modest Azure acceleration in H2 2026, and double-digit revenue and operating income growth in FY27.

Qualcomm (QCOM) - Shares rallied over 10% in extended trading, following an initial sell-off on weaker guidance, but reversed after an earnings beat, news that shipments to a large hyperscaler data centre customer will start earlier than previously indicated, expectations that the Chinese smartphone market will bottom in the Q3 and return to sequential growth, and record automotive revenue. It reported Q2 EPS of 2.65 (exp. 2.56), Q2 revenue USD 10.60bln (exp. 10.58bln). Qualcomm noted that AI agents are reshaping its roadmap across every platform. Its entry into data centres remains on track, with a leading hyperscaler custom silicon engagement due for initial shipments later this calendar year; plans to update investors on growth initiatives at its 24th June Investor Day. It completed USD 5.4bln of share repurchases in H1, and announced a new USD 20bln buyback authorisation, in addition to about USD 2.1bln remaining under the prior programme. Raised its quarterly dividend to 0.92/shr (prev. 0.89/shr); sees Q3 EPS between 2.10-2.30 (exp. 2.43), Q3 revenue between USD 9.2-10.0bln (exp. 10.18bln), with China QCT handset revenue expected to bottom in Q3 before returning to sequential growth.