European Movers: Richemont (CFR SW) +4.2%, Clariant (CLN SW) +3.7%, Recordati (REC IM) +0.5%, Julius Baer (BAER SW) -4.4%, Lanxess (LXS GY) -6.2%

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China adjusts drug-making chemicals export list to countries, reports suggest; exports of relevant chemicals to the US, Mexico and Canada must apply for licenses in accordance with regulations

China Foreign Ministry says China firmly opposes the US selling arms to Taiwan

European Movers: Richemont (CFR SW) +4.2%, Clariant (CLN SW) +3.7%, Recordati (REC IM) +0.5%, Julius Baer (BAER SW) -4.4%, Lanxess (LXS GY) -6.2%

Telsa (TSLA) to recall 14.5k vehicles due to missing weight information, which may lead to overloading

S&P raised Koixia (285A JT) investment grade to BBB-; outlook stable

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Clariant (CLN SW) upgraded to Overweight from Neutral at JPMorgan

Julius Baer (BAER SW) - 4-Month Statement: AUM CHF 528bln, +1% Y/Y; guides H1'26 IFRS net profit "substantially higher" than in H1'25. (Julius Baer)

Lanxess (LXS GY) downgraded to Sell from Neutral at Goldman Sachs; sees structural and cyclical headwinds, whilst Middle East related tailwinds may begin to subside.

Recordati (REC IM) - A consortium of funds led by CVC Fund IX and Groupe Bruxelles Lambert SA, have entered into binding agreements for the launch, of a voluntary cash tender offer for all outstanding ordinary shares of Recordati at an offer price of EUR voluntary cash tender offer for all outstanding ordinary shares of Recordati at an offer price of EUR 51.29/shr51.29/shr aimed at obtaining the delisting from Euronext Milan. (Recordati)

Richemont (CFR SW) - FY 2026 (EUR): Sales 22.4bln (exp. 22.3bln), Sales at constant FX +11% (exp. 9.78%), Net income 3.48bln (prev. 2.75bln Y/Y), announces share buyback of up to 10mln shares. (Richemont)

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