Newsquawk Daily European Equity Opening News - 13th July 2026

APAC stocks were pressured with the major regional indices all in the red following a fresh exchange of strikes between the US and Iran, which underpinned oil prices and yields, while Iran also declared the Strait of Hormuz would be closed until further notice. ASX 200 was dragged lower by underperformance in the tech, utilities, mining, materials and resources sectors, but with the downside cushioned by resilience in the top-weighted financial industry. Nikkei 225 pulled back from resistance around the 69,000 level with Japanese exporters pressured by higher oil prices and concerns of renewed shipping disruptions. KOSPI was pressured by chip-related selling amid heavy losses in the likes of Samsung Electronics and SK Hynix, despite the latter's strong debut last Friday on the Nasdaq. Hang Seng and Shanghai Comp conformed to the negative mood, albeit with the downside limited in Hong Kong as participants also digested preliminary H1 earnings updates and with China raising Southbound Bond Connect quota to USD 118bln.

TSMC (2330 TT) - June revenue (TWD) 442.68bln (+67.9% Y/Y), Q2 1.27tln (exp. 1.26tln). (TSMC)

CLOSES: Euro Stoxx 50 -0.27% at 6,268, Dax 40 -0.13% at 25,085, FTSE 100 +0.24% at 10,497, CAC 40 +0.15% at 8,339, FTSE MIB +0.44% at 52,614, IBEX 35 +0.32% at 19,385, PSI -0.19% at 9,107, SMI +0.14% at 14,235, AEX +0.08% at 1,084

SECTORS: Telecoms 2.36%, Materials 1.04%, Financials 0.55%, Consumer Stpl 0.30%, Consumer Disc 0.12%, Industrials -0.21%, Energy -0.23%, Utilities -0.34%, Healthcare -0.71%, IT -1.52%

Babcock (BAB LN) - Co. issues a 5-year GBP 250mln bond, carrying a fixed coupon of 5.125%. (Babcock)

Glencore (GLEN LN) - Congo's tax agency has reportedly shut down the offices belonging to a Co.-owned copper mine due to allegedly owing payments to the state, Bloomberg reports. (Bloomberg)

UK AI - UK Chancellor Reeves is expected to announce plans for greater use of AI in financial services at her Mansion House speech on Tuesday. (Bloomberg)

OTHER UK COMPANIES

Aston Martin (AML LN) - A group of the Co.'s creditors, including Arini Capital, BlackRock and Sculptor Capital, has reportedly sent a letter to Aston Martin stating they could provide fresh financing if needed to prevent any other debt deal from happening, Bloomberg reports. (Bloomberg)

BROKER MOVES

BASF (BAS GY) - Co. announces that its main plant in Germany had to be shut down due to a nitric acid leak. The chemical cloud was captured, and no one was injured, the Co. says. In other news, the Co. is reportedly considering the partial IPO of its agricultural business, targeting a valuation of between EUR 20-30bln, Handelsblatt reports. (BASF/Handelsblatt)

Deutsche Bank (DBK GY) - Australia's securities regulator, ASIC, says the Co. has paid an AUD 2mln penalty for the misreporting of over 260k OTC derivative transactions. (ASIC)

Fresenius (FRE GY) - Co. affirms its FY26 guidance following German lawmakers approved healthcare reform. (Fresenius)

Volkswagen (VOW3 GY) - Co.'s CEO says its products are highly popular but that they are not making enough money from them; that is why cost cuts will continue in every area, Bild reports. (Bild)

OTHER GERMAN COMPANIES

Fraport (FRA GY) - Co. reports June Frankfurt passengers 5.7mln, -1.7% Y/Y. Affirms FY26 EBITDA and group passengers. (Fraport)

BROKER MOVES

OTHER FRENCH COMPANIES

AB Science (AB FP) - Co. discontinues three non-priority clinical studies to focus on AML and ALS clinical programmes. (AB Science)

Ipsen (IPN FP) - Co. announces that IQIRVO demonstrates statistically significant improvement in ALP normalisation in patients with PBC in Phase IIIb ELSPIRE study. (Ipsen)

BROKER MOVES

Akzo Nobel (ANZA NA), Nippon Paint (4612 JT) - Nippon Paint proposes a EUR 7.5bln offer to buy Akzo's decorative paints business. Nippon says no specific decisions have been made regarding the acquisition. (Nippon Paint)

CVC (CVC NA) - Co. is reportedly among the firms considering a potential offer for Segafreda Zanetti, Reuters reports. (Reuters)

Geopols - The US and Iran exchanged fire over the weekend, with Tehran targeting US facilities located across the Gulf, including Qatar and the UAE, while announcing the Strait of Hormuz as closed. Two vessels were struck in the Strait, due to authorisation to travel and going on the wrong route. In Iran, there were reported explosions around the port of Bandar Abbas and near Qeshm Island.

BROKER MOVES

OTHER SWISS COMPANIES

BROKER MOVES

Gjensidige Forsikr (GJF NO) - EPS 4.18 (prev. 4.42 Y/Y), Insurance revenue from general insurance 11.26bln (prev. 10.49bln Y/Y). (Gjensidige Forsikr)

Kongsberg Gruppen (KOG NO) - Q2 2026 (NOK): Revenue 10.4bln (exp. 10.1bln, prev. 13.74bln Y/Y), EBIT 1.67bln (prev. 1.12bln Y/Y), Order intake 17.1bln (prev. 11.2bln Y/Y). (Kongsberg Gruppen)

Novo Nordisk (NOVOB DC) - Phase 3 FRONTIER4 interim data showed denecimig’s safety and efficacy were consistent across dosing regimens in 426 haemophilia A patients aged one year and older. Injection-site reactions were mild and transient, with no clinical evidence of neutralising antibodies. (Novo Nordisk)

BROKER MOVES

Huhtamaki (HUH1V FH) downgraded to Hold from Buy at SEB

CLOSES: SPX +0.42% at 7,575, NDX +0.33% at 29,825, DJI +0.29% at 52.642, RUT -0.49% at 2,978

SECTORS: Health -0.82%, Consumer Discretionary +0.05%, Financials +0.29%, Industrials +0.45%, Real Estate +0.50%, Technology +0.59%, Energy +0.60%, Utilities +0.61%, Consumer Staples +0.85%, Communication Services +0.93%, Materials +1.12%.

Apple (AAPL), OpenAI - Apple has filed a lawsuit against OpenAI, accusing OpenAI and two employees of stealing top-secret information. OpenAI denies these claims. (FT)

Boeing (BA), Ryanair (RYA ID) - A Ryanair Boeing 737 made an emergency landing in Thessaloniki after a right-engine issue and cabin decompression at 16,000 feet, the US NTSA said. Debris apparently dislodged a window, pulling a passenger’s head through the opening. The passenger survived and was met by emergency responders; the cause remains unclear. (Bloomberg)