European Movers: ASM International (ASM NA) +7.8%, ABB (ABBN SW) +6.0%, AkzoNobel (AKZA NA) +5.0%, Danone (BN FP) +1.8%, Ferrexpo (FXPO LN) -7.0%, Reckitt (RKT LN) -6.0%, Moncler (MONC IM) -3.0%, JD Sports (JD/ LN) -2.3%

The headline highlights notable movements among European equities, primarily driven by earnings results.

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EUROPEAN OPEN: TMUS & DTE GY in merger talks; HSBA LN shortlists bidders for Singapore life unit; ASM NA beats Q1 revenue, guides above expectations; BN FP Q1 sales beat, guidance unchanged; RKT LN Q1 sales growth misses, outlook maintained

Akzo Nobel (AKZA NA) announced price increases ranging from mid-single digits to low-teens; says these actions will, based on market conditions, fully offset raw material and logistics inflation; will implement further increases if conditions worsen

European Movers: ASM International (ASM NA) +7.8%, ABB (ABBN SW) +6.0%, AkzoNobel (AKZA NA) +5.0%, Danone (BN FP) +1.8%, Ferrexpo (FXPO LN) -7.0%, Reckitt (RKT LN) -6.0%, Moncler (MONC IM) -3.0%, JD Sports (JD/ LN) -2.3%

Ford (F) is recalling 140.2k vehicles within the US, NHTSA reports

Ukraine's Foreign Minister says they want a meeting between President Zelensky and Russian President Putin, have made enquiries to see if Turkey could host this

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  • ASM International (ASM NA) +7.8%: Strong Q1 results, raised H2 guide. 
  • ABB (ABBN SW) +6.0%: Orders rise higher than expectations, raises revenue guide. 
  • AkzoNobel (AKZA NA) +5.0%: Strong Q1 results, maintains FY guide. 
  • Ferrexpo (FXPO LN) -7.0%: Proposes minimum USD 100mln fund raise, expects shares suspended from May 1st-audit complete. 
  • Reckitt (RKT LN) -6.0%: Revenue falls Y/Y, maintains FY 2026 LFL net revenue outlook.
Context

ASM International and ABB both reported strong results and raised guidance, which reinforces positive investor sentiment in their sectors. Conversely, Ferrexpo's significant drop is concerning, tied to a fund-raising proposal and a share suspension, indicating potential liquidity issues that could weigh on market confidence.

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