European Movers: UMG (UMG NA) +28.3%, AJ Bell (AJB LN) +6.4%, STMicroelectronics (STMPA FP) +3.2%, Sanofi (SAN FP) +0.3%, ASML (ASML NA) -4.4%

UMG's significant surge of +28.3% is driven by an acquisition bid from Pershing Square, indicating strong interest in the media sector.

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Samsung Electronics (005930 KS) denies reports of KRW 10tln EUV equipment purchase from ASML (ASML NA)

EUROPEAN OPEN: PSH LN submits bid for UMG NA; PUIG SM holds US talks with EL on deal; ASML NA wins about 20 EUV tool order from Samsung; Samsung prelim Q1 tops estimates; Trump deadline ahead

European Movers: UMG (UMG NA) +28.3%, AJ Bell (AJB LN) +6.4%, STMicroelectronics (STMPA FP) +3.2%, Sanofi (SAN FP) +0.3%, ASML (ASML NA) -4.4%

China raises gas and diesel prices by CNY 420 and CNY 400 respectively from April 7th

Five friendly countries leaders' and eight intelligence agencies have reached out to Iran seeking to open a path for a ceasefire, Fars News reports

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AJ Bell (AJB LN) initiated with Outperform at Keefe Bruyette 

Sanofi (SAN FP) - Co's lunsekimig met primary and key secondary endpoints in phase 2 respiratory studies in asthma and CRSwNP. (Sanofi)

Tech/Chip/Memory names - Samsung Electronics (005930 KS) shares jumped in Korean trade after profit soared on strong AI chip demand and upbeat guidance.

UMG (UMG NA) - Co. has received a bid of EUR 5.05/shr and 0.77 shares from Pershing Square (PSH LN); deal valued at EUR 9.4bln. (UMG)

Context

The stock's movement reflects positive sentiment around the valuation, while AJ Bell's +6.4% rise, following an 'Outperform' initiation, signals favorability in the banking sector. Conversely, ASML's decline of -4.4% may hint at potential challenges in the semiconductor space amid mixed industry signals.

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