Newsquawk Daily European Equity Opening News - 5th June 2026

ASIA

APAC stocks were mostly lower with the region subdued by recent tech-related pressure, and despite the predominantly positive handover from Wall St, where healthcare helped boost the Dow to a record high.ASX 200 declined as the losses in the mining, materials and resources sectors overshadowed the outperformance in health care.Nikkei 225 retreated amid tech selling but with the index off today's worst levels after bouncing off a floor beneath the 66,000 level, while data was mostly encouraging as Household Spending and Labour Cash Earnings topped forecasts, which effectively supports the argument for a BoJ rate hike this month.Hang Seng and Shanghai Comp were mixed with Hong Kong pressured after the recent efforts to tighten cross-border capital outflows, including banks suspending opening Hong Kong bank accounts for mainland clients that could be used for overseas investments, while the mainland is marginally positive after the PBoC resumed open market operations.

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +0.81% at 6,103, Dax 40 +0.48% at 24,916, FTSE 100 +0.27% at 10,360, CAC 40 +1.15% at 8,244, FTSE MIB +0.27% at 50,174, IBEX 35 +0.55% at 18,276, PSI -0.88% at 8,920, SMI +0.93% at 13,341, AEX +0.27% at 1,047.

SECTORS: Healthcare 2.95%, Consumer Disc 0.66%, Financials 0.59%, Industrials 0.47%, IT 0.40%, Utilities -0.16%, Materials -0.46%, Telecoms -0.72%, Consumer Stpl -0.75%, Energy -0.86%

FTSE 100

HSBC (HSBA LN) - French prosecutors have brought preliminary charges against the bank's Swiss division over allegations it helped former Lebanese central bank governor Salameh embezzle funds, the FT reports. (FT)

Rolls Royce (RR/ LN) - Co. is facing criticism for outsourcing the core parts of a multibillion-pound UK nuclear project to South Korea, according to the FT. Questions are being raised about whether the target of 70% of the project being British-made will be met. (FT)

OTHER UK COMPANIES

BROKER MOVES

DAX

OTHER GERMAN COMPANIES

BROKER MOVES

CAC

Airbus (AIR FP), Boeing (BA) - Boeing (BA) is exploring increasing production of its 737 aircraft beyond its 63-jet monthly rate to 70 jets to test the resilience of the supply chains its shares with Airbus, according to the Air Current. (Air Current)

Saint Gobain (SGO FP) - Shareholders approve share buyback of up to 10% of shares. (Saint Gobain)

OTHER FRENCH COMPANIES

Eiffage (FGR FP) - Co. awarded EUR 110mln contract to replace two engineering structures in Nuremberg. (Eiffage)

BROKER MOVES

Air France-KLM (AF FP) downgraded to Underweight from Equal Weight at Barclays

PAN EUROPE

Acciona (ANA SM) - Co. is in full strategic review of its renewables unit, with the Co.'s president announcing that they had reviewed the role of Acciona Energia and revealed the hiring of an investment bank for advisement, Cinco Dias reports. (Cinco Dias)

EU Retail/Adidas (ADS GY)/Puma (PUM GY) - Lululemon shares tumbled over 11% in extended US trading after it cut FY guidance, citing negative brand commentary, underwhelming product launches, continued North American weakness and margin pressure from tariffs and discounting. See more detail in the US Section

Heineken (HEIA NA) - Major shareholders are calling to appoint an external candidate as CEO, the FT reports. The investors want the Co. to break away from its practise of promoting insiders and hire an external appointee to turn around the Co. (FT)

BROKER MOVES

SMI

Givaudan (GIVN SW) - Co. acquires a majority stake in EuroFragrance; no terms disclosed. (Givaudan)

OTHER SWISS COMPANIES

BROKER MOVES

Belimo Holding (BEAN SW) upgraded to Outperform from Neutral at BNP Paribas

Nordnet (SAVE SW) upgraded to Buy to Hold from Berenberg

SCANDINAVIA

BROKER MOVES

Finnair OYJ (FIA1S FH) downgraded to Underweight from Equal Weight at Barclays

US

CLOSES: SPX +0.41% at 7,585, NDX -0.54% at 30,408, DJI +1.73% at 51,562, RUT +1.46% at 2,936

SECTORS: Health +3.20%, Financials +2.71%, Communication Services +2.16%, Real Estate +2.11%, Industrials +1.27%, Utilities +0.63%, Consumer Discretionary +0.59%, Materials +0.05%, Energy +0.04%, Consumer Staples -0.02%, Technology -1.37%.

Lululemon (LULU) - Lululemon shares tumbled over 11% in extended US trading after it cut FY guidance, citing negative brand commentary, underwhelming product launches, continued North American weakness and margin pressure from tariffs and discounting. Q1 EPS 1.69 (exp. 1.68), Q1 revenue USD 2.47bln (exp. 2.43bln); Q1 comp sales +1%, but -2% on a constant-FX basis; Americas comps -5% (-6% constant currency), international comps +13% (+8% constant currency). Interim co-CEO and CFO Meghan Frank said the company had a solid start to 2026, with sequential improvement in full-price sales in North America, but recent headwinds led management to cut the FY outlook, and take additional actions to strengthen the product engine. Sees Q2 EPS between 1.76-1.81 (exp. 2.68), sees Q2 revenue between USD 2.45-2.475bln (exp. 2.6bln); cuts its FY26 view, sees EPS between 10.95-11.15 (exp. 12.27; prev. saw 12.10-12.30), and revenue between USD 11.0-11.15bln (exp. 11.5bln; prev. saw 11.35-11.5bln), ex-potential IEEPA tariff refunds and future share repurchases.

Nvidia (NVDA) - Nvidia CEO Jensen Huang said Samsung Electronics (SSNLF), SK Hynix (HXSCL) and Micron Technology (MU) have been qualified to supply HBM4 for Nvidia’s next-generation Vera Rubin AI platform. Vera Rubin is now in full production, with deliveries set for Q3. Huang said all three vendors are in production and racing to support the platform. In other news, Trump officials have been arguing over what their China tech policy has been for the past year, Bloomberg reports. Debates have bene related to whether the administration have narrowed the scope of US restrictions on China's tech sector far more than intended or publicly acknowledged. (Bloomberg)