European Movers: STMicroelectronics (STMPA FP) +9.3%, Nestle (NESN SW) +5.0%, WH Smith (SMWH LN) -14.5%, J Sainsbury (SBRY LN) -6.7%, Legal & General Group (LGEN LN) -6.5%, Fresnillo (FRES LN) -5.5%, Essilorluxottica (EL FP) -3.9%
The significant moves in European equities highlight contrasting earnings results for major companies, with STMicroelectronics and Nestle seeing substantial increases, suggesting positive investor sentiment towards their future profitability.
French S&P Global Composite PMI Flash (Apr) 47.6 (Prev. 48.8, Low. 48, High. 49.5); "What's most notable is that the passthrough to prices charged for goods and services remains contained"
[RE-RUN] Sources familiar with Trump admin's moves say "the next stages have already been set"; "After the ceasefire ends, an overwhelming military strike is expected to go ahead, with even greater force than the one the US has inflicted on Iran so far"
European Movers: STMicroelectronics (STMPA FP) +9.3%, Nestle (NESN SW) +5.0%, WH Smith (SMWH LN) -14.5%, J Sainsbury (SBRY LN) -6.7%, Legal & General Group (LGEN LN) -6.5%, Fresnillo (FRES LN) -5.5%, Essilorluxottica (EL FP) -3.9%
Sainsbury's (SBRY LN) CEO says since the US-Iran war started, not seeing issues with availability or meaningful changes in customer behaviour
Slovakia says that as of 2AM CET, Druzhba flows have resumed, oil deliveries are currently proceeding in line with the agreed plan
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In contrast, WH Smith and J Sainsbury experienced steep declines, which may point to disappointing earnings or guidance that dampens investor outlook. The divergent performance across sectors indicates a selective market response, possibly influencing broader sentiment in the equity space.
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