H&M (HMB SS) says there were pockets across product types where we had a little short supply vs demand; sees a sales uplift in stores that have been upgraded recently
Major Chinese banks are reportedly shutting services supporting retail precious-metals trading after gold and silver volatility, Bloomberg reports
EUROPEAN OPEN: MU rises after beat and stronger AI-led guidance; CMCSA's Sky agrees GBP 1.6bln ITV LN unit deal; VOW3 GY sells 51% Everllence stake to Bain for EUR 7.4bln; EZJ LN rejects Castlelake fourth's approach; HMB SS Q2 earnings miss expectations
H&M (HMB SS) says there were pockets across product types where we had a little short supply vs demand; sees a sales uplift in stores that have been upgraded recently
ECB's Schnabel says the short term situation now looks better than had been expected, ceasefire is no reason for policymakers to let their guard down
European Movers: easyJet (EZJ LN) +5.3%, Infineon (IFX GY) +5.6%, ASML (ASML NA) +3.7%, ITV (ITV LN), H&M (HMB SS) -1.5%
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- Inventory composition is considered good going into Q3.
- Expects higher costs for freight in Q3.
- Southern Europe has shown resilience in the last months, unlike central and western Europe.
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