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