Newsquawk Daily European Equity Opening News - 17th June 2026

ASIA

APAC stocks ultimately traded mixed, albeit at an improvement from the initial losses seen following the subdued lead from Wall St, where most major indices finished in the red amid renewed tech selling. ASX 200 shrugged off early weakness and edged mild gains with upside led by mining, materials and tech, although further upside in the index is capped by losses in energy and the defensive sectors. Nikkei 225 clawed back initial losses and printed a fresh all-time high after briefly topping the 70,000 level. Hang Seng and Shanghai Comp lagged amid losses in auto names and aluminium producers, while they also failed to benefit from a report that the US delayed blacklisting China's DeepSeek and over 100 Chinese firms deemed national security risks. There was also little reaction seen to the PBoC's announcement to add overnight reverse repo instruments and to increase overnight reverse repo operations, as it seeks to improve the efficiency of interest rate transmission.

Samsung Electronics (005930 KS) - Co. is reportedly fielding inquiries about contract chip making services with multiple companies, Nikkei reports. Some Cos include BYD (1211 HK), Google (GOOG), AMD (AMD) and Tesla (TSLA). (Nikkei)

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +0.38% at 6,253, Dax 40 +0.08% at 24,915, FTSE 100 +0.61% at 10,494, CAC 40 +0.75% at 8,447, FTSE MIB +1.15% at 52,433, IBEX 35 +0.69% at 19,164, PSI -0.26% at 9,022, SMI +0.32% at 13,762, AEX -0.51% at 1,070

SECTORS: Financials 1.39%, Industrials 0.98%, Consumer Stpl 0.30%, Consumer Disc 0.12%, Utilities 0.08%, Materials 0.05%, Energy -0.30%, Healthcare -0.48%, Telecoms -0.51%, IT -1.95%

FTSE 100

GSK (GSK LN) - Co.'s Endensur has been approved in Canada for the treatment of severe asthma and chronic rhinosinusitis with nasal polyps. (GSK)

HSBC (HSBA LN), Alphabet (GOOGL) - Co. announces a multi-year partnership with Google Cloud to accelerate AI adoption across the bank's products and services globally. It is expected to enable 200+ new AI use cases over the next two years, while prioritising highest-value initiatives where HSBC estimates the benefit value will exceed USD 100mln. (HSBC)

UK Energy - UK PM Starmer announced GBP 1.3bln of investment into the UK's energy and AI sectors. The investments include GBP 1bln from a French PE firm in battery storage and other energy projects, while another GBP 300mln from an Indian-based company in battery storage and advanced manufacturing. (GOV.UK)

OTHER UK COMPANIES

BROKER MOVES

DAX

BMW (BMW GY) - Co. cut its 2026 auto EBIT margin outlook to 1-3% (prev. 4-6%), expects slight decline in auto deliveries Y/Y. Guidance was cut due to a faster downturn in China, intensifying competition across APAC, persistent high energy costs and consumer sentiment. Will expand its cost-cutting programme, leading to a one-time negative impact in H2'26. (BMW)

German Autos - A survey from Germany's VDA showed that German automotive suppliers are expecting business conditions to worsen over the next year. The survey also showed that Germany's transition to EVs has strained suppliers as they navigate trade barriers and high costs. (Reuters)

German Energy, Siemens Energy (ENR GY) - Germany is reportedly considering backing the construction of an offshore wind power-conversion platform in the Baltic Sea, Bloomberg reports. 50Hertz Transmission is set to announce that a consortium, which includes Siemens Energy, won a tender for a 2GW converter platform. (Bloomberg)

Volkswagen (VOW3 GY) - Co. is taking steps to prevent potential conflicts of interest in the sale of its USD 10bln engine unit, by reportedly asking bidders to place their offers in sealed envelopes and forcing several supervisory board members to recuse themselves, the FT reports. (FT)

OTHER GERMAN COMPANIES

Auto1 Group (AG1 GY) - Co. outlines its long-term Merchant and Retail Segment Targets. Confirms FY26 guidance, sees FY gross profit between 1.1-1.2bln and total units between 0.94-1.00mln. (Auto1 Group)

Thyssenkrupp (TKA GY) - Co.'s supervisory board approves plans to separately list its materials distributor and supply chain service provider on the Frankfurt Stock Exchange by the end of the calendar year. The spin off business has been renamed TK Accelis. (Thyssenkrupp)

BROKER MOVES

CAC

Airbus (AIR FP) - Co. confirms that AirAsia's order for 15 A330-900 aircraft have been cancelled by mutual agreement. (Bernama)

EssilorLuxottica (EL FP), Applied Materials (AMAT) - Cos have signed a long-term agreement to develop augmented reality display technology and AI glasses. (EssilorLuxottica)

OTHER FRENCH COMPANIES

BROKER MOVES

SCOR (SCR FP) downgraded to Neutral from Outperform at BNP Paribas

PAN EUROPE

Repsol (REP SM) - Co. says it has signed an agreement with the Venezuelan government to explore and potentially develop an oil deposit in the Horcon Area. (Reuters)

BROKER MOVES

SMI

OTHER SWISS COMPANIES

Straumann (STMN SW) - Co. raises its FY26 core EBIT margin expansion to 140-170bps (prev. guided 30-60bps), affirms high single-digit organic revenue growth as the Group is currently seeing stronger-than-expected profitability across all business segments, driven by gross margin improvements, a favourable geographical mix and a disciplined execution. (Straumann)

BROKER MOVES

SCANDINAVIA

Novo Nordisk (NOVOB DC) - FulcrumSec, a cyber extortion group, claimed that it stole more than a 1TB of data from the Co. and is exploring selling parts of the data after unsuccessfully demanding USD 25mln. (Reuters)

Skanska (SKAB SS) - Co. has been selected for New Jersey Surface Alignment Project, worth about SEK 4.3bln. (Skanska)

BROKER MOVES

Zealand Pharma (ZEAL DC) downgraded to Hold from Buy at Berenberg; PT cut to DKK 300 from DKK 825.

US

CLOSES: SPX -0.57% at 7,511, NDX -1.89% at 29,968, DJI +0.64% at 52,005, RUT -0.87% at 2,939

SECTORS: Technology -2.32%, Energy -0.25%, Consumer Discretionary -0.11%, Health -0.02%, Real Estate +0.18%, Consumer Staples +0.29%, Materials +0.51%, Communication Services +0.59%, Industrials +0.67%, Utilities +0.69%, Financials +1.49%.

Amazon (AMZN) - Co. is reportedly facing a potential multi-billion dollar lawsuit from the US FTC over claims the Co. misled advertisers, Reuters reports. (Reuters)

AT&T (T) - Co. appoints Jennifer Biry as Deputy CFO effective July 6, 2026; to become CFO January 1, 2027, according to a SEC filing.

General Motors (GM), RTX (RTX), L3Harris (LHX) - GM reportedly held talks with RTX and L3Harris on boosting munitions output, Bloomberg reports. (Bloomberg)

Microsoft (MSFT), Oracle (ORCL) - Microsoft walked away from a USD 3bln deal to lease Oracle cloud capacity over security concerns, Business Insider reports. The deal could have been worth more than USD 3bln. (Business Insider)