CNBC Daily Open: Banking beats, SK Hynix sinks and surprise attack rattles oil

This photograph shows a sign of Swiss giant banking UBS at a branch in Zurich on March 4, 2026. Fabrice Coffrini | AFP | Getty ImagesHello, this is Leonie Kidd coming to you from London. There are competing market forces for investors to assess today. A bumper set of earnings from the banks could provide some upside in Europe, with profits from some of the biggest names in the region providing a positive surprise. But blowout numbers from SK Hynix did little to settle the nerves around tech, with the stock leading declines across the AI-related names in Asia for a second straight day. And oil will keep everyone on edge, after a resurgence in attacks between the U.S. and Iran after just two days of calm. What you need to know todayIt's a so-called Super Wednesday for earnings releases across Europe, with the banks taking center stage. UBS upsideSwiss banking giant UBS has reported a pretax profit of $3.6 billion in the second quarter, flagging strong client momentum across its businesses. The lender reported $36 billion in net new assets at its global wealth management unit, while its investment banking business reported a 31% year-on-year increase in revenue. The bank also announce...