Live Markets: Before the bell: Europe steady, TSMC beats, Ferrari goes electric

Suedzucker AG

09/10/2025 07:47

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BEFORE THE BELL: EUROPE STEADY, TSMC BEATS, FERRARI GOES ELECTRIC

European shares were set for a broadly steady open on Thursday, a day after hitting fresh record highs, with attention still on France, where President Emmanuel Macron is expected to appoint a new prime minister following Sebastian Lecornu’s resignation.

EuroSTOXX 50, DAX futures moved around parity, while FTSE contracts eased slightly. Gold held steady and oil slipped after Israel and Hamas agreed to the first phase of a ceasefire plan, potentially easing geopolitical tensions.

In Asia, AI-driven optimism lifted tech stocks, pushing Japan's Nikkei close to all-time highs. Nasdaq futures were last up slightly.

Chip stocks in Europe could get a little lift after TSMC 2330.TW beat market expectations with a 30% surge in Q3 revenue, fuelled by booming demand for AI applications.

In the UK, Lloyds LLOY.L warned of a potential impact from the ongoing motor finance probe.

In Germany, Gerresheimer GXIG.DE faced pressure after issuing a profit warning, while sugar producer Sudzucker SZUG.DE reported an 82% drop in operating profit.

Wind turbine maker Nordex NDXG.DE announced order intake numbers, topping Citi estimates.

Ferrari RACE.MI is hosting its capital markets day, where it will unveil its first electric sports car.

(Danilo Masoni)

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