European Movers: Henkel (HEN3 GY) +4.3%, Telecom Italia (TIT IM) +1.1%, Flutter (FLTR LN) -2.9%, Shell (SHEL LN) -1.6%, Rheinmetall (RHM GY) -1.5%

In today's European session, we observe notable movements among key equities, with Henkel leading the pack up 4.3%, indicating strong investor sentiment possibly tied to positive news or earnings.

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EUROPEAN OPEN: SHEL LN beats as Iran war lifts oil prices; RHM GY misses sales estimates, backlog rises; FLTR LN rises despite guidance cut and weaker profit; MAERSKB profit down as Ocean rates weigh; SHL cuts revenue outlook on weaker China diagnostics

[PREVIEW] Riksbank Policy Decision on Thursday, 7th May.

European Movers: Henkel (HEN3 GY) +4.3%, Telecom Italia (TIT IM) +1.1%, Flutter (FLTR LN) -2.9%, Shell (SHEL LN) -1.6%, Rheinmetall (RHM GY) -1.5%

"Arabic sources: Reaching understandings regarding easing the siege in exchange for the gradual opening of the Strait of Hormuz ", Al Arabiya reports; "The coming hours will witness a breakthrough for the situation of the ships stuck in the strait"

"Israel was informed that Iran has agreed to transfer its stockpile of 60% enriched uranium to a third country that remains unknown", Sky News Arabia reports citing Israeli Channel 12

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Conversely, underperformers like Shell and Flutter suggest sector-specific pressures that may reflect broader market concerns or internal challenges within those firms. Overall, this mixed performance underlines varying investor confidence across sectors in Europe right now.

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