[MARKET ANALYSIS] European bourses broadly higher, Autos surge after new-vehicle registrations rose +7% M/M
UK sells GBP 4bln 4.125% 2033 Treasury Gilt: b/c 3.38x (prev. 3.30x), average yield 4.550% (prev. 4.507%), tail 0.2bps (prev. 0.2bps)
Israeli PM Netanyahu says, "We are not limited to operating in Beirut, we have been operating there recently"; Israeli Defence Minister adds that Israel is currently in a complex situation with the US, and no one will stop Israel from defending itself
[MARKET ANALYSIS] European bourses broadly higher, Autos surge after new-vehicle registrations rose +7% M/M
SNB's Schlegel says medium term inflation pressures have hardly changed
[MARKET UPDATE] Crude futures continue grinding lower amid continued efforts to reach a US-Iran accord, with the latest suggesting US has banned Israel from targeting Lebanon's Beirut; WTI Jul eyes USD 90/bbl to the downside (vs high 93.39/bbl)
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- European bourses (STOXX 600 +0.3%) start Wednesday trade broadly in the green, with the IBEX 35 (+0.8%) outperforming while the FTSE 100 (-0.1%) the only index printing losses. Geopolitical newsflow has been light, with no response coming from Iran after Tehran stated that the US had violated a ceasefire by striking targets near the contested Strait of Hormuz. More recently, Iranian Deputy Security Secretary said indirect contacts between the US and Iran continue, and Iran is not discussing the fate of its enriched uranium stockpiles with the US.
- Sectors have a positive tilt. Autos is the the clear outperformer, after new-vehicle registrations rose to 1.15mln, +7% M/M. Car sales climbed for the third consecutive month, with EV deliveries rising 38%. Consumer Products & Services and Retail also printed decent gains. At the bottom of the pile lies Energy and Utilities, with UK names lower after Ofgem raised the energy price cap to 13%.
- Plenty of key single-stock moves this morning: Akzo Nobel (+16%), confirms the rejection of a conditional cash offer of EUR 73/shr from Nippon Paint and Sherwin-Williams; Volvo Car (+7.4%), reaches agreement with the US to avoid a ban on connected vehicles tied to China; Capgemini (-3%), targets 2025-28 revenue CAGR between 5.5-7.5%.
- US equity futures are bid across the board. Goldman Sachs this morning raised its S&P 500 year-end target to 8,000 (prev. 7,600), citing AI-driven earnings growth.
Related headlines
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates2 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging5 hours ago
- US Market Wrap: Stocks fall and crude gains amid escalating geopolitics 8 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes2 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL10 hours ago
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks5 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week2 hours ago
- US Secretary of State Rubio says that President Trump has a desire to reach an agreement with Colombia on tariffs7 hours ago
- US President Trump says directing the GSA, working with the USTR, to take all necessary steps to remove Canadian-origin products from GSA’s Multiple Award Schedules unless Canada restores full and fair reciprocity for American farmers and companies8 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war1 hour ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) plans to adopt ASML’s high-NA EUV lithography equipment for high-volume manufacturing from 20304 hours ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)3 hours ago
- US Treasury Secretary Bessent says markets are not efficient and are run by humans, who make mistakes, adds the treasuries narrative in August was that the sky is falling and the narrative was absurd7 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)4 hours ago
- [MARKET UPDATE] Asia-Pac stocks begin mostly higher with the region shrugging off the weak lead from Wall St, where all major indices declined on return from the long weekend amid rising oil prices and ongoing geopolitical escalation4 hours ago
- Japanese Reuters Tankan Index (Sep) 21 (Prev. 18)6 hours ago
- IRGC says it attacked two US vessels, eight oil vessels and ten violating ships with the intention of crossing the prohibited and unsafe area of the Strait of Hormuz2 hours ago
- US Central Command says their forces destroyed five Iranian crude oil carriers on Tuesday after the IRGC targeted a US Navy warship with ballistic missiles twice over the past two days6 hours ago
- US Secretary of State Rubio warns every time Iran tries to hit US Navy ships, they will lose tankers6 hours ago
- Iran launched at least 20 missiles at bases in Jordan with the Al-Salti and Prince Hassan bases targeted, according to SNN7 hours ago
The whole workspace, free to try.
Try it free