European Equity pre-Market Summary - 4th September 2026: Equities continue to benefit from Waller's dovish comments, markets look ahead to US NFP

Stories Volkswagen (VOW3 GY) +3.3% - Co.'s Board has approved Future Plan 2030, a plan that will include cutting another 50,000 jobs. Targets an operating margin of 9% by 2030. BASF (BAS GY) - Filed a lawsuit against Apple (AAPL) for infringing a patent license on face authentication technology. BMPS (BMPS IM), Mediobanca (MB IM) - ECB has granted BMPS authorisation regarding the merger by absorption of Mediobanca into Monte dei Paschi. ASML (ASML NA) - Fitch affirmed ASML at 'A+'; outlook stable. Broker moves Glencore (GLEN LN) downgraded to Sell from Hold at Freedom Capital Markets. Shell (SHEL LN) upgraded to Overweight from Equal Weight at Morgan Stanley. Neste (NESTE FH) upgraded to Buy from Neutral at Goldman Sachs, citing rising geopolitical disruption and structural refining tightness. The numbers after the Co. & ticker are the pre-market indication via Tradegate