Newsquawk Daily European Equity Opening News - 10th June 2026

ASIA

APAC stocks mostly declined following the tech weakness on Wall St and amid the escalation in the Middle East after the US conducted strikes on Iran in response to the downing of an Apache helicopter, while Iran retaliated with strikes targeting US bases in the region. ASX 200 bucked the trend amid gains in the consumer sectors, financials and defensives. Nikkei 225 retreated amid tech-related headwinds, while firmer-than-expected PPI data and the latest BoJ source report continued to point to a looming hike for next week's meeting. Hang Seng and Shanghai Comp conformed to the downbeat mood in the region owing to the recent geopolitical escalation. Elsewhere, Chinese inflation data was mixed as CPI Y/Y printed softer-than-expected, but PPI Y/Y topped forecasts and printed its highest since July 2022.

SoftBank (9984 JT), OpenAI - SoftBank’s talks with potential creditors to raise at least USD 6bln via a margin loan backed by its OpenAI stake have stalled, Bloomberg reports. The company is considering various fundraising options and could still pursue the loan later. SoftBank faces USD 40bln bridge financing repayment in March 2027.

TSMC (TSM/2330 TT) May (TWD): Revenue 416.98bln (prev. 410.73bln M/M)

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 -0.24% at 6,047, Dax 40 -0.80% at 24,418, FTSE 100 -1.41% at 10,227, CAC 40 +0.05% at 8,203, FTSE MIB +0.11% at 50,263, IBEX 35 -0.20% at 18,187, PSI -0.32% at 8,903, SMI +0.27% at 13,356, AEX +0.18% at 1,047

SECTORS: Consumer Stpl 1.48%, Consumer Disc 0.85%, Utilities 0.27%, Healthcare -0.11%, Telecoms -0.15%, Materials -0.22%, Financials -0.46%, Industrials -1.49%, IT -1.72%, Energy -1.81%

FTSE 100

UK Defence - UK Ministers are in deep discussions on whether to put a solid timeline on a stated ambition to boost defence spending to 3% of GDP when the Government publishes its 10-year plan this week, Bloomberg reports. (Bloomberg)

OTHER UK COMPANIES

BROKER MOVES

DAX

German Defence - German Chancellor Merz's cabinet is to approve a plan on Wednesday, aiming to boost Germany's competitiveness in aviation and strategic sovereignty, Bloomberg reports. The draft seen by Bloomberg sees EUR 2bln to ramp up research for sustainable aviation fuels from 2030-39. (Bloomberg)

Mercedes-Benz (MBG GY) - Co. is reportedly set to sign a MoU with Tytan Technologies, aiming to protect European critical infrastructure from hostile drones, in an attempt to expand into the defence sector, the FT reports. (FT)

OTHER GERMAN COMPANIES

Nordex (NDX1 GY) - Co. receives order for 17 wind turbines, totalling 100MW in Eastern Europe. (Nordex)

BROKER MOVES

Adidas (ADS GY) upgraded to Outperform from Sector Perform at RBC; citing broad momentum across regions and strong order visibility.

CAC

Airbus (AIR FP) - Co. CEO says they want to have their place in future fighter jet as well, and do not want to go it alone. (Newswires)

Sanofi (SAN FP) - Co. has halted the riliprubart MOBILIZE phase 3 study, following an interim analysis determining that the study is unlikely to provide sufficient efficacy. No safety signals related to riliprubart were identified as part of this interim analysis. (Sanofi)

OTHER FRENCH COMPANIES

BROKER MOVES

STMicroelectronics (STMPA FP) upgraded to Buy from Neutral at BofA

PAN EUROPE

Arcadis (ARCA NA) - Co. launches PRICE adaption framework with Jupitor Intelligence. (Arcadis)

Gambling Names - Kalshi said it will mandate employment disclosures for users trading on sensitive contracts and will launch a whistleblower portal. (Kalshi)

Geopols - The US and Iran exchanged fire following the downing of a US Apache helicopter over the Strait of Hormuz. Iran's IRGC struck a US base in Jordan and 21 other targets in the Gulf, while the US hit targets near Hormuz. Sounds of explosions were reported in Qeshm Island and the port city of Sirik, while explosions were heard near Bandar Abbas and Jask. In the early hours of Wednesday, US CENTCOM announced that they have ended its self-defence strikes against Iran, hitting air defence, ground control stations and surveillance radar sites.

ING Group (INGA NA) - ING Groep is introducing a four-tier subscription banking model for retail clients across nine markets, including the Netherlands, Germany, Spain, Italy and Australia, Bloomberg reports. Bundled services include investing discounts, insurance cover, streaming and airport-lounge access, as ING seeks more loyalty, personalisation and fee income above EUR 5bln within 2027 revenue above EUR 25bln. (Bloomberg)

Leonardo (LDO IM), Airbus (AIR FP), Thales (HO FP) - Leonardo's new CEO expects European regulatory approval for its satellite venture with Airbus and Thales by the end of the year, with Project Bruno aiming to unify regional space operations. (Bloomberg)

UniCredit (UCG IM), Commerzbank (CBK GY) - UniCredit said that the market take-up of its buyout offer for the German lender reached 10.9%, while Commerzbank said it had not been able to identify a single institutional investor that had tendered shares. (Reuters)

BROKER MOVES

Repsol (REP SM) upgraded to Buy from Add at AlphaValue

SMI

OTHER SWISS COMPANIES

Avolta (AVOL SW) - Co. secures 8-year travel retail extension at Phoenix Sky Harbor. (Avolta)

Julius Baer (BAER SW) - Co. places EUR 500mln in senior unsecured notes. (Julius Baer)

BROKER MOVES

SCANDINAVIA

Kongsberg Gruppen (KOG NO) - Co. launches its new ambitions: aiming to increase revenue to NOK 100bln in 2029 and 2033 revenue of NOK 150bln, with an ambition to generate EBIT margin >16%. (Kongsberg Gruppen)

BROKER MOVES

Wienerberger (WIE AV) downgraded to Underweight from Equal Weight at Morgan Stanley

US

CLOSES: SPX -0.26% at 7,387, NDX -1.12% at 29,084, DJI +0.17% at 50,877, RUT +0.41% at 2,867

SECTORS: Technology -1.82%, Energy -1.60%, Consumer Discretionary +0.12%, Communication Services +0.15%, Financials +0.95%, Consumer Staples +0.98%, Utilities +1.14%, Industrials +1.16%, Health +1.27%, Materials +1.72%, Real Estate +2.13%.

Alphabet (GOOGL) - Some Google Cloud customers in India experienced intermittent network disruption after a fire at a third-party data centre caused an emergency power shutdown, isolating a Delhi point of presence and reducing regional capacity, Reuters reports. Traffic from Delhi, Chennai, Mumbai and nearby regions was affected, with elevated latency and no workaround while restoration efforts continued.

Citi (C) - Citigroup CFO Luchetti expects markets revenue to rise by a high single-digit to low double-digit percentage (exp. +2%). He also forecast mid-double-digit investment banking fee growth, broadly in line with estimates.

Meta Platforms (META), Reliance Industries (RIGD) - Meta has partnered Reliance for its first AI-enabled data centre in India; Reliance will build a 168MW facility in Jamnagar that Meta will lease with options to scale, Reuters reports.

Nvidia (NVDA), OpenAI - OpenAI is in advanced talks to lease a proposed 10GW data centre campus on federal land in Ohio, potentially with Nvidia financial backing, The Information reports. The project could cost at least USD 500bln if fully built out, with OpenAI controlling equipment under a long-term lease. First operations are expected in 2028.

SpaceX (SPCX) - SpaceX has drawn more than USD 250bln of investor demand for its IPO, against USD 75bln it seeks to raise, with demand at 3.5-4 times the offering size, Reuters reports. Elsewhere, SpaceX aims to launch orbital AI computing demonstrations by late 2027, ahead of possible 2028 deployments.

Super Micro (SMCI) - Super Micro announced USD 7.0bln of equity and equity-linked financing to fund components for about USD 39bln of recent AI server orders from over 20 customers. The plan includes USD 5.0bln of public offerings, and up to USD 2.0bln ATM programme.