European Equity Pre-Market Summary: September 4, 2026 - Markets Extend Gains on Waller Remarks Ahead of US NFP
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European equities are on track to extend their positive momentum in pre-market activity on September 4, 2026, supported by recent dovish remarks from Fed Governor Waller, while investors eagerly await the upcoming US Non-Farm Payrolls (NFP) report. In corporate news, Volkswagen (VOW3 GY) shares climbed 3.3% after its board endorsed Future Plan 2030, a roadmap targeting a 9% operating margin by 2030 alongside an additional 50,000 job cuts. BASF (BAS GY) initiated legal action against Apple (AAPL), alleging patent license infringement concerning face authentication technology. Meanwhile, BMPS (BMPS IM) secured ECB approval to proceed with the absorption merger of Mediobanca (MB IM). Rating agency Fitch affirmed ASML (ASML NA) at 'A+' with a stable outlook. In broker rating adjustments, Freedom Capital Markets downgraded Glencore (GLEN LN) to Sell from Hold, whereas Morgan Stanley lifted Shell (SHEL LN) to Overweight from Equal Weight. Additionally, Goldman Sachs raised Neste (NESTE FH) to Buy from Neutral, highlighting escalating geopolitical disruptions and structural refining tightness.
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On September 4, 2026, European stock markets continued to benefit from Fed Governor Waller's dovish remarks while closely watching the U.S. Non-Farm Payrolls (NFP) report. Among individual companies, Volkswagen rose 3.3% following the approval of its Future Plan 2030, which includes 50,000 job cuts and a 9% operating margin target by 2030. Investors are focusing on corporate restructuring and regulatory approval issues amid a monetary easing stance.
상승 영향
- EVs — Volkswagen rose 3.3% on expectations of improved profitability after receiving approval for Future Plan 2030, which includes 50,000 job cuts and a 9% operating margin target by 2030.
- Energy — Shell and Neste showed strength, receiving rating upgrades driven by deepening geopolitical turmoil and expectations of structurally tightening refining margins.
하락 영향
- Commodities — Glencore faced increased downward pressure on its stock price after Freedom Capital Markets downgraded its investment rating to Sell.
DYAX 전담 분석
Volkswagen's large-scale layoffs and restructuring approval directly boosted stock prices by raising expectations for cost reduction and profitability improvement. On the other hand, BAS faced heightened legal risks after filing a patent infringement lawsuit against Apple, and Glencoe experienced a ratings downgrade.
The overall direction of the stock market will be determined as the path of interest rate cuts materializes based on future U.S. NFP results. Investors should closely monitor whether the Fed's accommodative stance continues, along with major companies' earnings recovery trends and geopolitical risk indicators.
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DYAX Investor Sentiment
Bullish (Long) 49% · Bearish (Short) 51%
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