European Movers: Genmab (GMAB DC) +5.4%, ASML (ASML NA) +3.0%, Maersk (MAERSKB DC) +1.5%, J Sainbury (SBRY LN) +1.5%, easyJet (EZJ LN) -0.9%

ECB's Wunsch says we might need another hike and would rather move quickly if the ECB needs another hike

EUROPEAN OPEN: MAERSKB DC raises outlook; SBRY LN Q1 sales rise, affirms FY27 guidance; UK to unveil GBP 5bln drone investment plan; ABBV & GMAB DC report positive Phase 3 study; ABVX FP obefazimod shows remission in harder-to-treat patients

European Movers: Genmab (GMAB DC) +5.4%, ASML (ASML NA) +3.0%, Maersk (MAERSKB DC) +1.5%, J Sainbury (SBRY LN) +1.5%, easyJet (EZJ LN) -0.9%

China is said to be easing some refinery fuel export restrictions as domestic supply is ample, according to reports

ECB's Nagel says it is too early make rate hike calls; rate policy has to stay vigilant, inflation may stay significantly above target