European Equity pre-Market Summary - 27th August 2026: Upbeat US earnings follow through to European equities

US read-across: Chipmakers, ASML (ASML NA) +1.5%, Infineon (IFX GY) +2.2%: Strong Nvidia earnings and FY28 guidance that beat estimates. Software, SAP (SAP GY) +1.5%: Upbeat CrowdStrike and Salesforce earnings, with Q2 metrics beat estimates and raised its FY guidance. Earnings: Pernod Ricard (RI FP) -3.0%: FY revenue missed estimates and guidance sales growth at the low end of its range due to US market softness. Delivery Hero (DHER GY) +1.4%: Q2 metrics beat and raises its FY26 guidance. Prudential (PRU LN): H1 figures rose Y/Y and announces an additional USD 300mln of share buybacks. Broker Moves: Givaudan (GIVN SW) -1.4%: Downgraded to Underweight from Equal Weight at Morgan Stanley Deutsche Telekom (DTE GY) -0.7%: Downgraded to Hold from Buy at Kepler Cheuvreux The numbers after the Co. & ticker are the pre-market indication via Tradegate