European Pre-Market Summary 15th October 2026: European bourses set for a dire open; focus on the tech-sell off after the KOSPI slumped

Earnings: Pernod Ricard (RI FP), -0.8%: Reports Q1'27 results, where Revenue marginally missed expectations, whilst Organic Sales topped consensus. Expects FY27 Organic Net Sales broadly stable, with declines in the US and China while continued positive momentum in RoW. TomTom (TOM2 NA): Reports Q3'26 results, where Revenue slightly missed on expectations; the Co. also lifted its FY26 Revenue and Op. Margin guidance. Announced operational changes which will impact c. 200 jobs. Ericsson (ERICB SS), +4.5%: Reports Q3'26 results where Revenue topped expectations, alongside strength across all major metrics. CEO highlighted that the RAN market is flat, adding that geopolitical risk and high component cost act as headwinds to gross margin next year. Entain (ENT LN): Q3 Trading Update: Net Gaming Revenue GBP 6bln, +2%. Backs its 2026 guidance. Stories: UBS (UBSG SW): Co. is reportedly mapping out contingency plans to move its HQ from Switzerland if Swiss lawmakers proceed with tougher capital requirements under the country’s too-big-to-fail banking laws, according to the WSJ. (WSJ) Tech sell off / ASML (ASML NA) -1.5% / Infineon (IFX GY) -2.2%: The likes of SK Hynix (000660 KS) and Samsung (005930 KS) slumped 11.8% and 11.9%, respectively, in overnight trade amidst a global sell off in the tech sector. TotalEnergies (TTE FP): Q3 Trading Update: Co. flags Q3 profit increase due to the Iran war and strong refining margins. Downstream results and cash flow are expected to reach exceptional levels. Broker Moves: ArcelorMittal (MT NA) upgraded to Overweight from Neutral at JPMorgan DHL (DHL GY) initiated with Outperform at RBC