European Movers: BP (BP/ LN) +1.1%, ASM International (ASM NA) -3.2%, ASML (ASML NA) -2.9%, Societe Generale (GLE FP) -1.2%, LVMH (MC FP) -0.7%
This headline highlights significant movers within the European equity market, indicating varied sector performance.
Mitsubishi Financial Group (8306 JT) FY25/26 (JPY): Net Income 2.43tln (prev. 1.86tln Y/Y), Revenue 14.62tln (prev. 13.63tln Y/Y); to buyback JPY 100bln of shares; raises FY26/27 RoE 12% (prev. 9% Y/Y) and Net income to 2.70tln (exp. 2.49tln)
EUROPEAN OPEN: MC FP to sell Marc Jacobs label; STLAM IM & Dongfeng to produce Jeeps in China; VOW3 GY labour leaders reject German plant closures; HSBA LN pauses planned USD 4bln private credit fund investment
European Movers: BP (BP/ LN) +1.1%, ASM International (ASM NA) -3.2%, ASML (ASML NA) -2.9%, Societe Generale (GLE FP) -1.2%, LVMH (MC FP) -0.7%
UAE is to complete the construction of a new West-East pipeline project in 2027, Bloomberg reports
CNB Minutes (May): Governor Michl said it was necessary to keep policy tight and not underestimate the cost shock from the Middle East conflict; Hawkish policy was in order
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BP's positive performance contrasts with the declines seen in major semiconductor and luxury goods stocks, which could reflect shifting investor sentiment and sector-specific concerns. The trend suggests potential opportunities for rotation or caution among investors as they assess the underlying drivers for these movements.
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