European Equities Week Ahead

Latest edition · September 25, 2026

European Equities Week Ahead Sept 28 Oct 2

This preview outlines the primary catalysts for European equities for the week of September 28 to October 2, 2026. Key scheduled events include capital markets days from TotalEnergies, BMW, and Legrand, earnings updates from Pepco and SSE, and critical macro releases including Euro Area flash inflation and US Nonfarm Payrolls.

Goldman Sachs' European Equities Week Ahead report previews corporate and macroeconomic events for the week of September 28 to October 2, 2026. The week is marked by significant Capital Markets Days, including TotalEnergies addressing capex versus buybacks, BMW presenting restructuring and margin targets, Legrand potentially upgrading 2030 targets, and NKT reiterating 2030 targets. Corporate earnings reports feature Pepco Group and SSE Plc in Europe, alongside Micron and Nike in the US. In addition, investors face critical macro data including preliminary September HICP/CPI prints across Europe and key US labor market reports culminating in Friday's Nonfarm Payrolls.

Key takeaways from the latest edition

• 1.TotalEnergies will host its Investor Day in New York, marking the first European Big Oil CMD addressing the capex versus buyback trade-off, with GS expecting capex to rise to $16bn in 2027.
• 2.BMW's CMD 2026 is expected to provide details on restructuring scope, a credible mid-term margin target, and new business growth areas like humanoid robotics.
• 3.Legrand's CMD could introduce target upgrades for 2030, including organic sales growth of 5-7%, sales of €15-17bn, and margins above 21%, alongside data center portfolio updates.

What this series covers

• Differentiated expert calls and webcasts
• Conferences / Corporate Access
• Earnings
• CMD / Investor events
• Macro

Edition archive

• European Equities Week Ahead Sept 28 Oct 2

  September 25, 2026

• European Equities Week Ahead Sep 7 Sep 11(1)

  September 4, 2026

• European Equities Week Ahead Jul 27 - Jul 31

  July 24, 2026

• European Equities Week Ahead July 6- July 10

  July 3, 2026

• European Equities Week Ahead: June 22 - June 26

  June 19, 2026