Newsquawk Daily European Equity Opening News - 18th June 2025

ASIA

APAC stocks were mostly lower following the softer handover from Wall Street, with stocks in the US spooked by what seemed like an imminent US involvement in Israel's offensive against Iran. However, sentiment in APAC hours recovered as news surrounding US involvement quietened down overnight, with oil also coming off its best levels amid no signs of an American military attack. Ranges remained narrow ahead of the FOMC announcement. ASX 200 traded subdued with sectors overall mixed, but gold miners provided headwinds for the index. Nikkei 225 was modestly firmer and underpinned by recent losses in the JPY, while Japanese PM Ishiba agreed with US President Trump to continue ministerial-level tariff talks. Ishiba added that Japan would continue to work intensely to achieve a trade deal with the US. Hang Seng and Shanghai Comp traded lower but to varying degrees with underperformance in Hong Kong, although with limited news from the region, and attention focused on geopolitics.

EUROPEAN CLOSES

CLOSES: DAX: -1.03 % at 23,455, FTSE 100: -0.46 % at 8,834, CAC 40: -0.76 % at 7,684, Euro Stoxx 50: -0.98 % at 5,287, AEX: -0.46 % at 921, IBEX 35: -1.41 % at 13,912, FTSE MIB: -1.36 % at 39,387, SMI: -0.62 % at 12,016, PSI: -1.31 % at 7,447

SECTORS: Energy 1.49%, Consumer Stpl -0.34%, Utilities -0.40%, Materials -0.61%, Industrials -0.75%, IT -0.76%, Consumer Disc -1.26%, Healthcare -1.26%, Telecoms -1.37%, Financials -1.51%

FTSE 100

HSBC (HSBA LN) - FT reports that HSBC is planning a global mandate requiring its employees to come back to the office for at least three days a week. (FT)

Rolls Royce (RR/ LN) - Riyadh Air has signed a deal with Rolls Royce for 116 Trent XWB-97 engines. Elsewhere, the FT writes that the Rolls Royce CEO asked the UK Government to back plans for an engine to power next gen narrow-body aircrafts. (Newswires / FT)

OTHER UK COMPANIES

Tullow Oil (TLW LN) / Meren Energy (MER CT) - Sky News reports that discussions about a potential merger between Tullow/Meren has collapsed. (Sky News)

BROKER MOVES

DAX

Fresenius (FRE GY) - Ivenix infusion kits recalled by FDA due to serious manufacturing defect. (Newswires)

Rheinmetall (RHM GY) - Co. and US Drone Maker Anduril partner to build Barracuda, fury drones and solid rocket motors. (Newswires)

OTHER GERMAN COMPANIES

Gerresheimer (GXI GY) - KPS Capital Partners has informed the company, upon request, that they are still in discussions with Warburg Pincus. Discussions about a potential takeover are open-ended. (Newswires)

BROKER MOVES

CAC

Airbus (AIR FP) - Co. says 2025 guidance unchanged, targets dividend payout ratio of 30-50% (prev. 30-40%), reaffirms cash conversion target of around 1 over 5 years. Elsewhere, Co. partners with Singapore to explore crewed-uncrewed teaming with H225M. In other news, French Army Ministry says France and Spain sign a letter of intent to ensure production of A400M Atlas aircraft until end-2028. (Newswires)

Danone (BN FP) - Co. announced opening of new USD 65mln production line in Florida. (Newswires)

Vinci (DG FP) - Airports Passenger Traffic +5.3% Y/Y in May. (Newswires)

OTHER FRENCH COMPANIES

BROKER MOVES

PAN EUROPE

Proximus (PROX BB) - Co. welcomes Stij Bijnens as new CEO, effective Sept 1st, 2025. (Newswires)

Pirelli (PIRC IM) - Shareholders agreement contains the diverging evaluations of Camfin and MPI Italy regarding cessation of Sinochem group's control. (Newswires)

BROKER MOVES

SMI

Logitech (LOGN SW) - Nominates Guy Gecht as BoDs Chairperson. (Newswires)

OTHER SWISS COMPANIES

GAM (GAM SW) - Co. appoints Albert Saporta as CEO. (Newswires)

BROKER MOVES

SCANDINAVIA

BROKER MOVES

US

CLOSES: SPX -0.84% at 5,983, NDX -1.00% at 21,719, DJI -0.70% at 42,216, RUT -1.04% at 2,102

SECTORS: Health -1.64%, Consumer Discretionary -1.55%, Materials -1.01%, Utilities -0.81%, Consumer Staples -0.79%, Industrials -0.75%, Communication Services -0.73%, Technology -0.72%, Financials -0.61%, Real Estate -0.41%, Energy +1.03%.

AMD (AMD) and Xbox (MSFT) - Co. announce strategic, multi-year partnership to co-engineer silicon across a portfolio of devices, including next-gen Xbox consoles. (Newswires)

Meta (META) - Co. said to release AI smart glasses with Oakley and Prada; Oakley version may cost ~ USD 360, CNBC reports. (CNBC)

18 Jun 2025 - 06:45- EnergyResearch Sheet- Source: Newsquawk