ECB's Schnabel says the short term situation now looks better than had been expected, ceasefire is no reason for policymakers to let their guard down

EUROPEAN OPEN: MU rises after beat and stronger AI-led guidance; CMCSA's Sky agrees GBP 1.6bln ITV LN unit deal; VOW3 GY sells 51% Everllence stake to Bain for EUR 7.4bln; EZJ LN rejects Castlelake fourth's approach; HMB SS Q2 earnings miss expectations

H&M (HMB SS) says there were pockets across product types where we had a little short supply vs demand; sees a sales uplift in stores that have been upgraded recently

ECB's Schnabel says the short term situation now looks better than had been expected, ceasefire is no reason for policymakers to let their guard down

CNB Minutes: Seidler said rate hike did not signal a further step and did not mark the start of a cycle, but could not be said to be the last step either

Spanish PPI YoY (May) Y/Y 10.5% (Prev. 8.3%)