European Equity pre-Market Summary – 8th October 2026: Focus on tech following Samsung and TSMC results
The pre-market report covered Samsung and TSMC revenue figures, a disputed Antofagasta strike outlook, reported MTS sale consideration, company updates, and broker rating changes.
News detail
Tech: Samsung Electronics (005930 KS): Prelim. Q3 (KRW): Operating Profit 107.4tln (exp. 108.7tln), Revenue 195tln (exp. 199tln) TSMC (2330 TT): Q3 Revenue TWD 1.49tln (exp. 1.46tln); Sept. Revenue 551.9bln (prev. 331bln Y/Y) Stories: Antofagasta (ANTO LN): Co. says that "despite the impacts typically associated with a strike, projected production remains unchanged." However, the unions say the strike will hit copper output in weeks. Euronext (ENX FP): Italy is reportedly considering buying Euronext's 63% share of MTS, the European bond-trading platform, in a deal that is valued around EUR 600mln, Bloomberg reports. Richemont (CFR SW), Swatch (UHR SW): US President Trump says that if the US didn't buy Swiss watches anymore, it would save USD 40bln. (Newswires) Earnings: Suedzucker (SZU GY): Reports H1 results, with Revenue in-line with the prior, whilst Op. EBITDA rose. Co. also lifted FY26 guidance. Tesco (TSCO LN): Reported a beat on Adj. Op. Profit, with Revenue rising from the prior; the Co. also lifted the lower end of its FY26/27 target. Broker Moves: Man Group (EMG LN) upgraded to Buy from Neutral at Citi Continental (CON GY) upgraded to Outperform from Market Perform at Societe Generale Amundi (AMUN FP) downgraded to Reduce from Add from AlphaValue
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