Newsquawk 유럽 주식 개장 뉴스 일일 브리핑 - 2026년 11월 5일

ASIA APAC stocks were ultimately mixed after the rally on Wall Street as yields declined and oil slumped in the aftermath of the blue tsunami in the US Midterms, while a rotation out of chip stocks was evident overnight. ASX 200 rallied as gains were led by strength in mining and tech, with gold miners boosted by the surge in the precious metal to above USD 4,100/oz, while energy and financials were at the other end of the spectrum following a slump in oil prices and a drop in NAB's FY profit. Nikkei 225 wiped out its opening gains and more, amid weakness in electronics and tech stocks, while the drop in oil prices ultimately failed to provide a cushion despite Japan's heavy reliance on oil imports. KOSPI underperformed with a sidecar triggered amid a rotation out of semiconductor stocks after the blue wave in the US Congress raised concerns over the AI buildout. Hang Seng and Shanghai Comp were mixed as the mainland was constrained, while the Hong Kong benchmark surged as hyperscalers and ecommerce stocks benefited from the rotations out of semis. Sony (6758 JT) - H1 2026 (JPY): Operating profit 1.10tln (prev. 768.93bln Y/Y), Revenue 6.27tln (prev. 5.73tln Y/Y); sees FY operating profit at 1.87tln (prev. guidance 1.72tln) Nintendo (7974 JT) - Q2 2026 (JPY): Operating Income 73.9bln (exp. 88.1bln). (Nintendo) Toyota (7203 JT) - H1 (JPY) net 2.24tln (prev. 1.77tln Y/Y), rev. 26.96tln (prev. 24.63tln Y/Y), raises FY net forecast to JPY 3.57tln from 3.25tln, but cuts FY rev. forecast to 53.5tln from 54.0tln, raises share buyback to JPY 1.3tln. (Toyota) EUROPEAN CLOSES CLOSES: DAX +2.38% at 26,479, FTSE 100 +1.79% at 10,829, CAC 40 +1.96% at 8,178, Euro Stoxx 50 +2.32% at 6,287, AEX +1.30% at 1,136, IBEX 35 +3.00% at 19,371, FTSE MIB +2.18% at 51,031, SMI +1.90% at 15,023. FTSE 100 AstraZeneca (AZN LN) - AstraZeneca made a c. USD 10bln offer to acquire Rhythm Pharmaceuticals for USD 124/shr last month, WSJ reports. Rhythm shares surged in US trade following the news. The proposed acquisition would expand AstraZeneca’s rare-disease and obesity drug portfolio, supporting its target of USD 80bln in annual sales by 2030. (WSJ) UK Fiscal - UK Chancellor Healey pledged to overhaul public spending controls and vowed that new rules to ringfence “preventative” programmes would save money in the future, according to FT. (FT) OTHER UK COMPANIES BROKER MOVES DAX Commerzbank (CBK GY) - Q3 2026 (EUR): Revenue 3.2bln (exp. 3.32bln), Net Income 859mln (exp. 845mln), Op. Profit 1.31bln (exp. 1.34bln), NII 2.12bln (exp. 2.13bln). Still sees FY Net Income of "at least" 3.4bln (exp. 3.54bln). (Commerzbank) Deutsche Telekom (DTE GY) - Q3 2026 (EUR): Revenue 31.1bln (prev. 29bln Y/Y), Adj. EBITDAaL 12.21bln (exp. 12.05bln). Affirms outlook. Announces a share buyback of up to EUR 2bln in 2027. (Deutsche Telekom) Hensoldt (HAG GY) - Q3 2026 (EUR): Order Intake 3.56bln (prev. 2.01bln Y/Y), Revenue 1.86bln (prev. 1.53bln Y/Y). Lifts outlook: Sees Revenue 2.8bln (prev. guided 2.75bln). (Hensoldt) Qiagen (QIA GY) - Q3 2026 (EUR): Sales 548mln (exp. 538mln), Adj. Diluted EPS 0.65 (prev. 0.65 Y/Y). Due to the pending transaction with EQT Private Equity, QIAGEN has suspended its 2026 outlook and will not provide financial guidance while the transaction is pending. (Qiagen) Rheinmetall (RHM GY) - 9M 2026 (EUR): Sales 8.48bln, +38% Y/Y, Op. Result 1.33bln, +69% Y/Y, Op. Margin 15% (prev. 13.1% Y/Y). Cuts FY Sales target to 13.2bln (prev. guided 13.7-14.2bln). Says: "Rheinmetall is adjusting its annual guidance for 2026 due to delays in projects. These postponements are the result of delays in the German armed forces’s Arminius project, which is in the final phase of negotiations and cannot be commissioned until next year, as well as to delays in lot acceptance tests for artillery ammunition". (Rheinmetall) Siemens Healthineers (SHL GY) - Q4 2026 (EUR): Revenue 6.78bln (exp. 6.72bln), Adj. EBIT 1.08bln (exp. 1.1bln). Sees 2027 Adj. EPS 2.20-2.40. Co. to change name to "Healthineers", Brand migration to start in 2027 with 3-year transition period. (Siemens Healthineers) OTHER GERMAN COMPANIES Evotec (EVT GY) - 9M 2026 (EUR): Revenue 465mln (prev. 477mln Y/Y), Adj. EBITDA -44.3mln (prev. -49.1mln Y/Y). FY26 outlook reaffirmed. 2030 framework further detailed: Around EUR 1bln in Group revenue by 2030 with further upside potential; adjusted EBITDA margin of 20% at YE 2028 and above 20% at YE 2030. (Evotec) HelloFresh (HFG GY) - Q3 2026 (EUR): Revenue 1.43bln (exp. 1.43bln), Adj. EBITDA 50.9mln (exp. 48.8mln). FY Outlook: Adj. EBITDA 350-370mln (exp. 359.8mln). (HelloFresh) Kontron (KTN GY) - 9M 2026 (EUR): Revenue 1.1bln (prev. 1.18bln Y/Y). Affirms outlook. (Kontron) Lanxess (LXS GY) - Q3 2026 (EUR): Sales 1.47bln (exp. 1.44bln), Adj. EBITDA 139mln (exp. 134mln). FY Outlook: Adj. EBITDA expected to be at upper end of the 450-500mln range (exp. 478mln). (Lanxess) Nordex (NDX1 GY) - Q3 2026 (EUR): Sales 2.19bln (exp. 2.14bln), EBITDA 278mln (exp. 230.6mln). FY Outlook: Sees Sales 8.2-9bln (exp. 8.77bln), upgrades EBITDA Margin 11.5-12.5% (prev. guided 8-11%). (Nordex) Nemetschek (NEM GY) - Q3 2026 (EUR): Revenue 371.1mln (prev. 1.07bln Y/Y), EBITDA 115.9mln (prev. 95.2mln Y/Y). 2026 outlook confirmed. (Nemetschek) Rational (RAA GY) - Q3 2026 (EUR): Revenue 332.2mln (exp. 333.7mln). Confirms profit outlook for 2026. (Rational) BROKER MOVES CAC Veolia (VIE FP) - 9M 2026 (EUR): Revenue 33.3bln (prev. 32.32bln Y/Y), EBITDA 5.4bln (prev. 5.08bln Y/Y). 2026 guidance and GreenUp plan trajectory fully confirmed. Notes of a successful start of Clean Earth integration. (Veolia) OTHER FRENCH COMPANIES Bouygues (EN FP) - 9M 2026 (EUR): Sales 41.6bln, -0.1% Y/Y, Net Profit 306mln (prev. 675mln Y/Y). Notes of significant progress in net debt. 2026 outlook: "aiming for a slight increase in current operating profit from activities (COPA). Previously the Group was aiming for COPA maintained at a record high level, after several years of significant improvement". (Bouygues) JC Decaux (DEC FP) - Q3 2026 (EUR): Revenue 1.01bln (prev. 926mln Y/Y). Outlook: Now expects organic rev. growth around +6%, despite ongoing macro and geopolitical uncertainty. (JC Decaux) BROKER MOVES PAN EUROPE ArcelorMittal (MT NA) - Q3 2026 (USD): Adj. EPS 1.15 (prev. 0.62 Y/Y), Revenue 16.5bln (exp. 17.1bln), EBITDA 2.02bln (exp. 1.89bln). Crude steel production 13.7mln tons (prev. 13.6mln tons Y/Y). Affirms outlook. Co. took a USD 293mln exceptional charge due to its Ukraine operations, and recorded a USD 852mln impairment charge this quarter. (ArcelorMittal) Bper Banca (BPE IM) - Q3 2026 (EUR): Op. Profit 1.9bln (prev. 1.79bln Y/Y), Op. Costs 816mln (prev. 807mln Y/Y). 9M: NII 3.37bln, +3.5% Y/Y. Improves 2026 guidance: Upgrades Cost of Risk to c. 35bps (prev. guided 40bps), and CET1 Ratio to "more than" 14.5% prev. "around" 14.5%). (Bper Banca) Finecobank (FBK IM) - Q3 2026 (EUR): Revenue 372mln (exp. 369mln), Op. Profit 282mln (prev. 238mln Y/Y). For 2026: Co. expects solid growth in net financial income. For 2027: Sees Op. Costs materially improving vs 2026. (Finecobank) Leonardo (LDO IM) - 9M 2026 (EUR): Revenue 15.34bln (prev. 13.44bln Y/Y), New Orders 23.27bln (prev. 18.20bln Y/Y), EBITA 1.3bln (prev. 945mln Y/Y). Order Backlog 60.4bln, +28% Y/Y, New Orders 23.3bln, +28% Y/Y. Q3 2026 (EUR): Revenue 5.34bln (exp. 5.28bln). FY Outlook: Sees New Orders 29.5bln (prev. guided 28.2bln). Affirms Revenue and EBITA outlook. (Leonardo) Tenaris (TEN IM) - Q3 2026 (USD): Net Sales 3.1bln (prev. 2.96bln Y/Y), EBITDA 756mln (prev. 649mln Y/Y). Says: "In the fourth quarter, we expect an increase in our sales and EBITDA reflecting higher OCTG demand and prices in North America and an increase in shipments to offshore projects. The fourth quarter should set a new quarterly baseline for our sales and EBITDA going into 2027, assuming no significant change in the geopolitical context". (Tenaris) Nexi (NEXI IM) - 9M 2026 (EUR): Revenue 2.67bln (prev. 2.64bln Y/Y), EBITDA 1.4bln (prev. 1.39bln Y/Y). Confirms 2026 outlook. (Nexi) BROKER MOVES SMI ABB (ABBN SW), SoftBank (SFTBY) - China has blocked SoftBank’s USD 5.4bln acquisition of ABB’s robotics division over supply chain security concerns, and despite the deal receiving Chinese competition clearance in February, the FT reports. Regulators scrutinised potential transfers of Chinese robotics data and intellectual property overseas, including for OpenAI model training. SoftBank is assessing whether to seek approval again. FT adds that the Chinese decision threatens SoftBank’s physical AI expansion strategy. (FT) Holcim (HOLN SW) - Co. completes acquisition of Burdett Group to advance circular construction in Australia. (Holcim) OTHER SWISS COMPANIES Swisscom (SCMN SW) - 9M 2026 (CHF): Revenue 10.9bln, -2.1% Y/Y, EBITDAaL 3.83bln, +1.5% Y/Y. Sees FY Revenue 14.7-14.9bln (exp. 14.7bln). (Swisscom) Tecan (TECN SW) - FY 2026 Trading Update (CHF): Sales +6.9%. Sales low to mid-single digit growth (prev. low single-digit growth), Adj. EBITDA Margin 16.5%-16.8% (prev. 15.5-16.5%). Affirms FY28 Sales. Expects CHF 6mln in tariff refunds to be included in earnings. BROKER MOVES SCANDINAVIA Maersk (MAERSKB DC) - Q3 2026 (USD): Revenue 18.1bln (exp. 18.2bln), EBITDA 4.7bln (exp. 5.28bln). FY26 Guidance Upgraded: adj. EBIT 8.0-8.5bln (exp. 8.07bln), adj. EBITDA 14.0-14.5bln (exp. 14.3bln); upgrade based on a volume growth outlook for the global container market of about 4% for FY26. (GlobeNewswire) Skanska (SKAB SS) - Q3 2026 (SEK): Revenue 49.4bln (prev. 43.7bln Y/Y), Op. Income 2.1bln (prev. 1.4bln Y/Y). (Skanska) BROKER MOVES US CLOSES: SPX +1.59% at 7,690, NDX +0.91% at 28,437, DJI +3.03% at 53,357, RUT +1.57% at 2,857. SECTORS: Consumer Discretionary +4.27%, Financials +3.46%, Real Estate +3.19%, Materials +3.06%, Health +3.04%, Communication Services +2.95%, Consumer Staples +2.94%, Technology +0.55%, Utilities +0.43%, Industrials -1.11%, Energy -4.77%. ARM Holdings (ARM) - Arm shares fell 3.8% in extended trading after weaker than expected royalty revenue, partly pressured by memory-related smartphone market weakness, and only modestly upbeat quarterly guidance. Q2 adj. EPS 0.52 (exp. 0.47), Q2 revenue USD 1.44bln (exp. 1.38bln). Royalty revenue +8% Y/Y to USD 670mln (exp. 720.8mln), driven by increased adoption of higher-royalty Armv9 and CSS technologies and data centre deployments, partially offset by smartphone market weakness. Licensing revenue reached USD 773mln (exp. 625.1mln). Arm partners shipped over 10bln Arm-based chips during the quarter for the first time, while Arm-based PCs accounted for approximately 20% of global PC shipments. Arm's server architecture is expected to exceed 60% of deployments at major cloud providers by the end of 2026 (up from over 50% in 2025). CEO highlighted strong data centre demand, with AGI CPU purchase orders extending through CY27, and first commercial deliveries on track for Q4. Sees Q3 adj. EPS between 0.52-0.60 (exp. 0.55), Q3 revenue between USD 1.49-1.59bln (exp. 1.53bln). Expects combined AGI CPU sales of USD 2bln across FY27-FY28, supported by secured supply commitments. Intel (INTC) - CEO bought USD 9.71mln of stock at USD 64.73/shr amid the sell-off. (Newswires) Microsoft (MSFT) - Co. spent roughly USD 5bln less on capex in Q3 than projected because planned data centre rental capacity was not ready, reports The Information citing sources; Iren (IREN) is among the third-party providers behind the delay. (The Information) Nscale (NSCL), Microsoft (MSFT) - Microsoft declined an option to lease approximately 500MW of additional computing capacity from Nscale’s Texas data centre, potentially costing the UK startup billions in future revenue, the FT reports. Microsoft’s decision adds pressure ahead of Nscale’s planned USD 35bln IPO. FT said that Nscale’s USD 103bln backlog remains unaffected, while it also seeks alternative customers; it is also exploring expanding its USD 45bln Anthropic agreement. Qualcomm (QCOM) - Qualcomm shares plunged by almost 10% in extended US trading after weaker than expected smartphone chip sales, driven by sluggish handset demand, rising memory costs and declining Apple (AAPL)-related revenue, alongside disappointing margin and earnings guidance. Q4 adj. EPS 2.17 (exp. 2.16), Q4 revenue USD 10.44bln (exp. 10.12bln). Handset revenue -26% Y/Y to USD 5.14bln (exp. 5.25bln), QCT revenue -8% Y/Y to USD 9.02bln, while combined QCT Automotive and IoT revenue +36% Y/Y. CEO said Android (GOOG) handset sales have bottomed, and are showing sequential growth, while FY27 marks an inflection point for non-handset revenue, including the ramp-up of its data centre business. Baseline gross margins are expected to return to their historical 48-50% range by Q2 FY27; the company is raising product prices to offset higher semiconductor input costs, with the full benefit expected in QCT gross margins expected in H2 FY27. Sees Q1 adj. EPS between 2.15-2.35 (exp. 2.27), Q1 revenue between USD 10.4-11.2bln (exp. 10.48bln), Q1 QCT revenue between USD 9.0-9.6bln (exp. 8.88bln), Q1 QTL revenue between USD 1.3-1.5bln and Q1 data centre revenue of USD 650mln (exp. 539.1mln). Sees FY27 non-handset revenue growth of more than 60% Y/Y and reiterates FY27 data centre revenue target of USD 5bln. Snap Inc. (SNAP) - Snap shares tumbled by 12% in extended trading after weaker than expected quarterly revenue and DAUs, alongside reduced advertising spending by consumer goods companies amid economic pressures. Q3 adj. EPS 0.19 (exp. 0.16), Q3 revenue USD 1.72bln (exp. 1.73bln). Net income USD 56mln (vs loss of USD 104mln Y/Y). Daily active users +4% Y/Y to 495mln (exp. 499mln), monthly active users reached 977mln, and global ARPU was 3.48 (exp. 3.48). Management noted weaker advertising spending from consumer packaged goods companies, partially offset by growth opportunities in financial services. Sees Q4 revenue between USD 1.95-1.985bln (exp. 1.95bln) and Q4 adj. EBITDA between USD 490-525mln (exp. 504.5mln). Narrows FY26 infrastructure cost outlook; sees FY26 infrastructure costs between USD 1.65-1.66bln (prev. saw 1.65-1.70bln), and other cost of revenue between 16-17% of revenue. The company plans to adopt monthly active users as its primary audience metric from Q1 FY27.