[MARKET ANALYSIS] European bourses mixed, Alstom slumps after withdrawing guidance; US equity futures remain near ATHs
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European bourses (STOXX 600 +0.1%) are broadly gaining on the last day of the trading week. The FTSE MIB is the slight outperformer, while the FTSE 100 lags as miners underperform. Sectors are mixed. Media tops the sector pile, closely followed by Technology while Basic Resources resides at the bottom of the pile. Key movers include Alstom (-30%), after the co. removed its 3-year FCF guidance while stating its medium-term ambition of adj. EBIT margin will no longer be met by FY 26/27; Ericsson (-1.4%), reported Q1 adj. EBIT and revenue that missed estimates; Delivery Hero (+3.7%), as Uber takes an additional 4.5% in the German food delivery firm. US equity futures continue to gain, hovering around ATHs. Despite the positiveness, Netflix shares have slumped (-9.2% pre-market) as analysts were left disappointed after the co. reiterated its FY guidance despite beating its Q1 top-line metrics.
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