The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0834 GMT - Europe's blue-chip indexes open largely down as a rally in Asian stocks fails to extend to the continent. The French CAC 40 is one climber, gaining 0.5% as key luxury stocks rally. Kering surges just shy of 14% as sale trends pick up. In Milan, the FTSE MIB falls 0.3% despite gains for luxuries--Brunello Cucinelli is up 3%--as banks decline, with Banca MPS down 3.05% after earnings. Banks also drag Germany's DAX down 0.2%, with Allianz falling 2.5%. Automakers and chemicals companies in the index gain, however. In the U.K., oil supermajor BP tumbles 4.4% after pausing its share buyback program, while Standard Chartered is down 4.2% after the unexpected departure of its chief financial officer. The FTSE 100 slips 0.3%. Spain's IBEX 35 declines 0.2%, with financial stocks weighing on the index. (josephmichael.stonor@wsj.com)

0830 GMT - Jet2 is a more attractive stock for investors than TUI Group, Jefferies analysts say after the latter said booked revenue had slowed down for the winter and summer seasons. TUI, the German travel operator, posted first-quarter EBIT ahead of consensus and backed its 2026 guidance. But the analysts say they see reinvestment risk in most of TUI's business units. "We prefer share winners with well-invested propositions," they write in a research note. "Jet2 trades at a material discount to history, with a better-invested offer and clearer growth runway." Jet2 shares are down 1.5% at 12.45 pounds, while TUI shares fall 3.4% to 9.03 euros. (cristina.gallardo@wsj.com)

0818 GMT - European airlines fall on Tuesday opening trade after German travel operator TUI posted first-quarter results, including softer winter and summer booked revenue. TUI drops 2.1%, while Ryanair declines 1.7%, Jet2 loses 1.4% and International Consolidated Airlines Group $(IAG)$ falls 1.2%. Easyjet and Air France-KLM are down 0.9% and 0.6% respectively. Wizz Air's shares remain more resilient, losing 0.1%. (cristina.gallardo@wsj.com)

0633 GMT - BYD's sales growth will continue to underperform the overall market in 2026 due to a high base of comparison and lack of new models in a competitive market, Morningstar analyst Vincent Sun writes in a note. Morningstar expects the Chinese electric-vehicle maker's sales to hit 4.9 million units this year, up 7% from a year earlier. BYD's new-energy vehicle sales totaled 4.6 million units last year, missing the company's targeted 5 million as competition continues to challenge volume growth and profitability, he adds. BYD's domestic sales dropped 8% on year with competitors aggressively launching new models, especially in the plug-in hybrid segment, he says. Morningstar cuts its fair value estimate to HK$105 from HK$108. Shares are last at HK$96.05. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

0247 GMT - HD Hyundai Heavy Industries' shipbuilding division is likely to post solid earnings growth this year, driven by higher-margin contracts, Nomura's Eon Hwang says. Operating profit from the division could jump 92% to 2.9 trillion won in 2026, the analyst reckons. Hwang estimates that the average shipbuilding price per unit in the South Korean company's backlog could rise to $172.2 million in 1Q, $174.6 million in 2Q, $176.7 million in 3Q and $181.2 million in 4Q. He expects the company's shipbuilding division to secure $13.9 billion in new contracts in 2026, compared with guidance of $14.5 billion. (kwanwoo.jun@wsj.com)

0202 GMT - Investors' confidence in robotaxis has improved over the past few months, driven by tangible progress in robotaxi deployment and regulatory compliance globally, Daiwa analysts write in a note. Pony AI posted unit economics breakeven in Guangzhou in 3Q and in Shenzhen in 4Q, marking a milestone in commercialization, they say. Investors are now moving beyond the grand narrative of robotaxis reshaping the entire mobility landscape and are increasingly focused on business models, unit economics, and realistic timelines to profitability, they say. Daiwa reaffirms its positive stance on China's driving autonomy supply chain and its top picks are Hesai, Pony AI, and Horizon Robotics.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

2318 GMT [Dow Jones]--Transurban has failed to materially increase the size of its project pipeline since the toll-road operator's last financial results in August, Macquarie analysts say. They tell clients in a note that the Australian company has ample balance-sheet capacity to invest in new projects, but most decisions are unlikely to be made until fiscal 2027. However, they do see American Legion Bridge in Maryland emerging as an opportunity, possibly in partnership with Ferrovial-owned Cintra. Macquarie trims its target price 0.6% to A$14.46 and stays neutral on the stock, which is up 1.0% at A$13.92. (stuart.condie@wsj.com)

1730 GMT - The National Retail Foundation warned that imports at America's major ports are set to fall significantly in the first half as importers deal with tariff uncertainty. "With tariffs still a matter of debate, their effect on imports is being clearly seen," NRF Vice President Jonathan Gold said in a statement. Hackett Associates, which provides data to the NRF, said tariffs on friends and foe alike along with when or if they will be implemented makes trade forecasting very difficult. U.S. January import volumes are not in yet but the forecast is for 2.1 million containers, 5% down on year and two million containers in February, down 3%.(costas.paris@wsj.com)

1615 GMT - RXO will need to show evidence of improving trends and cost structure after an unexpected slowdown in the freight market hit its fourth-quarter earnings, sending the stock price down, Stifel analysts write in a note. The company is set up for an improvement, with the acquisition and integration of Coyote in the rearview and the possibility for a cyclical freight recovery moving forward. "RXO should be positioned for earnings inflection once pricing normalizes and spot activity broadens," they write. "However, with 1Q26 still pressured by seasonality and lagging sell-rate recovery, we believe the market will need greater evidence of margin stabilization before underwriting a sustained earnings recovery." Shares are down 5.1%. (elias.schisgall@wsj.com)

1131 GMT - German shipbuilder TKMS's first-quarter results on Wednesday are unlikely to include any surprises, Mwb-Research analyst Jens-Peter Rieck says. He forecasts sales of 545 million euros, compared with 569 million euros for the same period of last year, and adjusted EBIT to fall to 24 million euros from 31 million euros. The decline is driven by accounting adjustments, Rieck says. TKMS shares are up 2.4% at 93.10 euros. (cristina.gallardo@wsj.com)

0939 GMT - Germany's largest arms maker Rheinmetall is seen by investors as the bellwether of the European Union's defense industry, Morgan Stanley's Ross Law and Marie-Ange Riggio say after holding meetings with investors in the U.S. and EU. There was interest in British defense group BAE Systems due to the improving outlook for U.S. defense budgets, they say. Leonardo is perceived as being on a growth trajectory, the analysts note. Investors' interest in Hensoldt, Saab and Kongsberg has increased, they say. However, interest in Thales and Dassault Aviation was more limited, they add. Rheinmetall is up 2.7%, BAE Systems advances 2%, Leonardo gains 2.7%, Hensoldt grows 2.4%, Saab raises 2.2%, Kongsberg moves up 4.3%, Thales gains 3% and Dassault Aviation 3.2%. (cristina.gallardo@wsj.com)

(END) Dow Jones Newswires

February 10, 2026 04:20 ET (09:20 GMT)

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