European Equity pre-Market Summary – 7th October 2026: Energy upside weighs on futures. ABN AMRO hit as the state essentially halves its stake
The pre-market summary reports a planned Dutch Government stake cut in ABN AMRO, a preliminary LG Electronics Q3 miss, several company announcements, and attributed reports on EU rules and HSBC jobs.
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Earnings LG Electronics (066570 KS): Announced preliminary Q3 figures that missed expectations. The company continues to expand in AI businesses, including data centre cooling and robotics. Announcements Qiagen (QIA GY): Announces new AI capabilities to help researchers analyse complex biological and genomic data faster. Capgemini (CAP FP): Buyback of up to 3mln shares. Forvia (FRVIA FP): Signed a JV agreement with ANAND to strengthen their presence in India's rapidly growing automotive market. ABN AMRO (ABN NA) -2.3%: The Dutch Government plans to cut its stake in the Co. to 10.5% from 20.7%, with the CEO saying that this was not unexpected. Reports BASF (BAS GY): EU is reportedly moving to dilute pesticide rules following a successful lobby by Chemical Cos, FT reports. HSBC (HSBA LN): Planning to cut jobs across its UK wealth business, FT reports.
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