European Movers: easyJet (EZJ LN) +10.1%, Exail Technologies (EXA FP) +3.3%, ITV (ITV LN) +1.9%, Porsche (P911 GY) +0.9%, Next (NXT LN) +0.3%, Continental (CON GY) -3.0%
Goldman Sachs lowered its LME aluminium price forecast to USD 2,950/t for Q4 2026 and lowered its 2027 average forecast to USD 2,700/t
Meituan's (3690 HK) LongCat-2.0 has been officially open-sourced, and domestic chip manufacturers are collectively adapting to it, Chinese press reports
European Movers: easyJet (EZJ LN) +10.1%, Exail Technologies (EXA FP) +3.3%, ITV (ITV LN) +1.9%, Porsche (P911 GY) +0.9%, Next (NXT LN) +0.3%, Continental (CON GY) -3.0%
United Microelectronics (UMC) (Jun) TWD: revenue 23.1bln (+22.9% Y/Y), YTD revenue 129.8bln (+11.3% Y/Y)
Swiss Unemployment Rate (Jun) 2.9% vs. Exp. 3% (Prev. 3%)
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- easyJet (EZJ LN) +10.1%: Reaches principle agreement on GBP 5.5bn (GBP 6.90/shr) takeover by Castlelake (c. 6% high vs prev. GBP 6.50/shr)
- Thales (HO FP) to buy Exail Technologies (EXA FP) +3.3% for EUR 134/shr
- ITV (ITV LN) +1.9%: To sell Media & Entertainment unit to Sky, for up to GBP 1.6bln.
- Porsche (P911 GY) +0.9%: Mulling a cut of more than 4k jobs
- Next (NXT LN) +0.3%: Mulls takeover of Harvey Nichols
- Continental (CON GY) -3.0%: downgraded to Hold from Buy at Kepler Cheuvreux
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