European Equity pre-Market Summary - 12th August 2026: Futures flat into US CPI, earnings continue to dominate

Q2 Brenntag (BNR GY): Revenue beat, Operating EBITDA higher Y/Y. Lifts FY Operating EBITDA guidance. Hannover Re (HNR1 GY): Net & Reinsurance revenue beat. Confirms FY guidance. ABN AMRO (ABN NA), +5.5%: NII, Net Fee & Commission Income and Net beat. Raises FY26 commercial NII guidance. Vestas Wind Systems (VWS DC), +6.2%: Revenue & adj. EBIT beat. Raises FY adj. EBIT margin view. Q3 TUI (TUI GY), -3.0%: Revenue miss, Net beat. Confirms FY guidance. H1 E.ON (EOAN GY): adj. EBITDA & Net higher Y/Y. Confirms FY guidance. 9M TKMS (TKMS GY), +3.0%: Revenue & adj. EBITDA higher Y/Y, Order Intake lower. Raises FY sales growth and adj. EBIT margin guidance. BROKER UPDATES Akzo Nobel (AKZA NA) upgraded to Overweight from Equal Weight at Barclays BBVA (BBVA SM) downgraded to Market Perform from Outperform at Keefe Bruyette CaixaBank (CABK SM) downgraded to Underperform from Market Perform at Keefe Bruyette Note, the % after the Co. name and ticker is the pre-market indication via Tradegate.