Newsquawk Daily European Equity Opening News - 13th June 2025

ASIA

APAC stocks traded lower and US equity futures were pressured amid the worsening geopolitical situation in the Middle East after Israel conducted pre-emptive strikes on Iranian nuclear and military targets, with the Israeli military said to have struck dozens of sites across Iran, while Israeli PM Netanyahu said the operation will last for as many days as it takes and Iran has warned that Israel and the US will pay a heavy price for the Israeli attack. ASX 200 was dragged lower by losses in cyclicals but with the downside stemmed as energy and gold miners benefitted from the geopolitical-fuelled upside in the respective underlying commodity prices. Nikkei 225 slipped beneath the 38,000 level after recent currency strength and heightened geopolitical tensions. Hang Seng and Shanghai Comp conformed to the negative mood as Israel's numerous strikes and Iran's retaliation threats dominated the headlines.

EUROPEAN CLOSES

BOURSES: DAX: -0.71 % at 23,779, FTSE 100: +0.23 % at 8,885, CAC 40: -0.14 % at 7,765, Euro Stoxx 50: -0.65 % at 5,358, AEX: -0.54 % at 930, IBEX 35: -0.32 % at 14,089, FTSE MIB: -0.58 % at 39,948, SMI: -0.26 % at 12,306, PSI: +0.64 % at 7,527.

SECTORS: Energy 1.36%, Utilities 0.75%, Healthcare 0.51%, Consumer Stpl 0.00%, Industrials -0.31%, Financials -0.55%, Materials -0.67%, Consumer Disc -0.99%, IT -1.24%, Telecoms -1.24%.

FTSE 100

Rio Tinto (RIO LN) - Begun an ore sorting demonstration project at the Havre-Saint-Pierre mine. (Newswires)

OTHER UK COMPANIES

BROKER MOVES

Mitie Group (MTO LN) downgraded to Hold from Buy at Jefferies

DAX

OTHER GERMAN COMPANIES

Fraport (FRA GY) - May traffic: 5.6mln passengers used Frankfurt airport, 16.8mln at airports managed by the Co., +6% Y/Y; cargo volume 178.9k/T, +4.4%. (Newswires)

BROKER MOVES

CAC

OTHER FRENCH COMPANIES

SBF 120 Index - Eutelsat (ETL FP) and OVH (OVH FP) to be included in the index, Beneteau (BEN FP) and Maurel ET Prom (MAU FP) to be removed, effective 23rd June. (Newswires)

BROKER MOVES

PAN EUROPE

Airline Engine/Parts Names - Investigation into the Air India Boeing (BA) 787-8 crash is reportedly focussing on whether a loss or reduction in engine thrust occurred, and if that factored into the incident, via WSJ citing sources. (WSJ) GE Aerospace (GE) makes the engines for the craft.

Energy Names - Crude futures rallied as all focus centred on the geopolitical escalation in the Middle East after Israel conducted a pre-emptive strike on Iran. National Iranian Oil Refining and Distribution Company says refining facilities and oil storage did not sustain damage in the Israeli attack. BP (BP/ LN) +5% and Shell (SHEL LN) +3.5% on Tradegate. See feed for full details

EV Names - California, and 10 other US states, have filed a suit to challenge Congress' repeal of state 2035 EV and truck requirements. (Newswires)

Flight Names - Names under pressure from the spike in energy prices on the geopolitical escalation in the Middle East, Brent and WTI higher by over 8%; Deutsche Lufthansa (LHA GY) seen opening lower by 6%, Air France (AF FP) -4.4%, easyJet (EZJ LN) -3%, TUI (TUI GY) -3.9%.

Generali (G IM) - Co. confirms that it has begun to evaluate the Mediobanca (MB IM) bid for Banca Generali (BGN IM). (Newswires)

Novo Banco - Lone Star Funds has reportedly elected to pursue a sale of Novo Banco, via Bloomberg citing sources. Deal could be valued at EUR 7bln. The sale means an IPO of Novo Banco is unlikely. (Bloomberg) Echoes Reuters sources on Thursday

Proximus (PROX BB) - Selling its majority stake in Be-Mobile to Arrive, enterprise value of EUR 170mln. Following this, Co. has completed its divestment goal two years ahead of target. (Newswires)

UCB (UCB BB) - New biologics manufacturing site in the US, to deliver USD 5bln of economic impact, creating 300 permanent roles. (Newswires)

BROKER MOVES

SMI

OTHER SWISS COMPANIES

Flughafen Zurich (FHZN SW) - May traffic: 2.78mln passengers transited Zurich airport, +0.1% Y/Y. 36.9k/T of cargo handled, -1% Y/Y. (Newswires)

BROKER MOVES

SCANDINAVIA

Novo Nordisk (NOVOB DC) - Will advance subcutaneous and oral amycretin into phase 3 development in weight management based on completed clinical studies, expected in Q1-2026. This decision was based on positive results from earlier studies and feedback from health authorities. (Novo Nordisk)

Kesko (KESKOB FH) - May (EUR): sales 1.1bln, -2.1%; auto trade division 121mln, +14.4%; building/technical division 436mln, +0.9%; grocery division 5545mln, -4.3%. (Newswires)

BROKER MOVES

US

CLOSES: SPX +0.38% at 6,045, NDX +0.24% at 21,913, DJI +0.24% at 42,968, RUT -0.38% at 2,140

SECTORS: Communication Services -0.59%, Consumer Discretionary -0.41%, Industrials -0.24%, Financials +0.06%, Energy +0.41%, Consumer Staples +0.47%, Materials +0.52%, Real Estate +0.53%, Health +0.82%, Technology +1.01%, Utilities +1.26%.

13 Jun 2025 - 06:45- EnergyGeopolitical- Source: Newsquawk