European Movers: BP (BP/ LN) +5.3%, Rheinmetall (RHM GY) +5.2%, Roche (ROG SW) -1.3%, Smith & Nephew (SN/ LN) -1.6%, Renault (RNO FP) -4.1%, Barclays (BARC LN) -4.3%, Lufthansa (LHA GY) -10.5%

Airlines - Increased travel disruptions following the war in Iran.

Barclays (BARC LN) - Tricolor bondholders sue JPMorgan (JPM), Barclays and Fifth Third (FITB). (Newswires)

Energy Names - Iranʼs IRGC declared the Strait of Hormuz closed to international navigation until further notice; IRGC also announced on Sunday that they hit 3 US and UK oil tankers with missiles in the Gulf and Strait of Hormuz. 

Renault (RNO FP) - French new car registrations fell 14.7% Y/Y in February to 120,764 vehicles, down from 141,570, reflecting weaker sales at Renault and Stellantis, according to the PFA.

Roche (ROG SW) - Roche's FENhance 1 met its primary endpoint, showing investigational fenebrutinib significantly reduced relapses by 51% compared to teriflunomide in relapsing multiple sclerosis, consistent with FENhance 2 results showing 59% reduction. (Roche)

Smith & Nephew (SN/ LN) - Q4 2025 (USD): Revenue 1.7bln (prev. 1.57bln Y/Y), Op. Profit 794mln (prev. 657mln Y/Y). In line with our provisional guidance issued in December 2025, underlying revenue growth is expected to accelerate further to around 6% for the full year. (Smith & Nephew)