Newsquawk Daily European Equity Opening News - 12th June 2026

ASIA

APAC stocks rallied following on from the gains on Wall St, after President Trump cancelled planned strikes on Iran and touted a US-Iran deal, which could be signed as soon as the weekend and would open the Strait of Hormuz, while Trump claimed the US ended the war with Iran and he understood that Iran’s Supreme Leader has approved the deal. However, Iran pushed back on this as a Foreign Ministry spokesperson stated the issues raised about the agreement are speculation and that Iran has so far not reached a final conclusion about the agreement but acknowledged that the text of the deal was almost ready. ASX 200 climbed higher as outperformance in mining, materials and resources led the advances, while energy was pressured due to the drop in oil prices, and defensives also lagged amid the risk-on environment. Nikkei 225 surged at the open and briefly tested the 67,000 level, with the index helped by lower oil prices and with tech and mining stocks sitting comfortably among the list of biggest gainers. Hang Seng and Shanghai Comp joined in on the euphoria with mining stocks among the notable gainers, while Chow Tai Fook was front-running the advances after it reported record full-year profit.

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +0.93% at 6,066, Dax 40 +0.06% at 24,210, FTSE 100 +0.48% at 10,304, CAC 40 +0.48% at 8,201, FTSE MIB +0.95% at 50,505, IBEX 35 +0.81% at 18,290, PSI +1.44% at 9,025, SMI +0.49% at 13,530, AEX +1.06% at 1,063.

SECTORS: IT 1.83%, Utilities 1.26%, Energy 1.21%, Industrials 0.91%, Healthcare 0.59%, Materials 0.45%, Consumer Disc 0.37%, Financials 0.31%, Consumer Stpl -0.23%, Telecoms -1.20%

FTSE 100

GSK (GSK LN) - UK's NHS is to offer a meningitis vaccination programme to c. 1mln young people using the Co.'s injection. The two-dose regimen is to protect those at highest risk from meningococcal B disease. (GOV,UK)

Lloyds (LLOY LN) - Co. sold JPY 75bln of Samurai bonds. (Bloomberg)

Shell (SHEL LN) - Venezuela has signed five agreements with Shell to advance oil and gas projects, which includes the Co.'s participation in the 5tln cubic-feet Loran offshore gas field. (Reuters)

UK Defence - UK PM Starmer has hired Dan Jarvis as the new UK defence secretary, following the resignation of John Healey. (Bloomberg)

OTHER UK COMPANIES

BROKER MOVES

Rolls Royce (RR/ LN) upgraded to Buy from Hold at Berenberg

DAX

Deutsche Bank (DBK GY) - Co. appoints Robert Huray as head of investment banking and capital markets for Southeast Asia, according to Bloomberg. (Bloomberg)

DHL (DHL GY) - Co.'s CEO expects to see grow revenue to EUR 3bln by 2030 from c. EUR 600mln last year, stating that the complexity of moving giant wind turbine components require stacking and specialised rigs to transport. (Bloomberg)

Infineon (IFX GY) - Co.'s COO announced that the Co. is to open its EUR 5bln semiconductor factory on July 2nd. The factory was a recipient of EU Chips Act funds, receiving c. EUR 1bln in subsidies. (Bloomberg)

Siemens Energy (ENR GY) - Co.'s CEO said it may have to downsize its European offshore production capacity towards the end of the decade unless Europe meets expansion targets. The CEO added that it remains committed to breakeven in 2026 and good progress has been made. (Newswires)

OTHER GERMAN COMPANIES

Fraport (FRA GY) - Reports May Group Passenger Traffic 17.1mln, +1.7% Y/Y; Frankfurt 5.7mln, +2.7% Y/Y. (Fraport)

BROKER MOVES

CAC

OTHER FRENCH COMPANIES

Eramet (ERA FP) - Orion Critical Mineral Consortium, a mining fund backed by the US and Abu Dhabi, is reportedly considering buying a stake in Eramet, the FT reports. The Consortium is looking at acquiring some or all of the 37% stake held by the Duval family. (FT)

Ubisoft (UBI FP) - Co. is reportedly said to cut up to 380 jobs in countries including the US and Serbia, The Verge reports. (The Verge)

BROKER MOVES

PAN EUROPE

EU Airlines - The European Cockpit Association urges EU regulators to close a loophole that it says airlines use to avoid labour laws, in a practice known as "wet" leasing. (ECA)

Geopols - US President Trump said a deal could be signed with Iran as soon as this weekend in Europe, following an earlier post on Truth Social that the US was going to strike Iran hard for the third straight day and then later pulling back the threat. Trump said VP JD Vance would attend if the deal materialises and added that Iranian Supreme Leader had agreed to a deal. The deal was described as a very strong MoU which would restart shipping in the Strait and include commitments from Tehran to not pursue a nuclear weapon. However, Iran's Fars News reported that officials had not yet approved a text of any agreement, while Iranian Foreign Ministry Spokesman Baghaei said Iran has not yet reached a final conclusion.

BROKER MOVES

Signify (LIGHT NA)downgraded to Neutral from Buy at Goldman Sachs

SMI

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

Kesko (KESKO FH) - Reports May Revenue EUR 1.13bln, +0.9% Y/Y. (Kesko)

Novo Nordisk (NOVOB DC) - Co. said it has identified a security incident in which certain information was copied externally without authorisation. A probe has been launched with the assistance of external cybersecurity experts. (Novo Nordisk)

BROKER MOVES

US

CLOSES: SPX +1.75% at 7,394, NDX +3.29% at 29,446, DJI +1.86% at 50,854, RUT +3.02% at 2,921

SECTORS: Energy -2.06%, Consumer Staples -0.47%, Real Estate -0.12%, Utilities +0.07%, Communication Services +0.34%, Financials +0.79%, Health +0.80%, Consumer Discretionary +2.39%, Technology +2.94%, Industrials +3.25%, Materials +3.26%.

Adobe (ADBE) - Adobe shares fell 5.7% in extended trading after it announced its CFO is moving to a chip company, reinforcing software-sector AI disruption concerns, and overshadowing record results, AI-driven demand and a raised outlook. Adobe reported Q2 adj. EPS of 5.96 (exp. 5.81), Q2 revenue at USD 6.62bln (exp. 6.45bln). Q2 RPO was USD 22.27bln, total customer group subscription revenue +14% Y/Y to USD 6.39bln, business professionals and consumers subscription revenue +16% to USD 1.85bln, and creative and marketing professionals subscription revenue +13% to USD 4.54bln. CEO Narayen said record Q2 revenue reflected strong AI-driven demand; management said AI is accelerating customer behaviour at unprecedented speed and monthly active users rose to over 850mln across Acrobat and Express, and to 90mln for creative freemium. CFO Dan Durn will depart on 15th June to join Marvell Technology (MRVL), with Steve Day named interim CFO. Sees Q3 adj. EPS between 6.05-6.10 (exp. 5.77), Q3 revenue between USD 6.67-6.72bln (exp. 6.52bln); raised FY26 guidance, seeing adj. EPS between 24.35-24.45 (exp. 23.56; prev. saw 23.30-23.50), and revenue between USD 26.50-26.60bln (exp. 26.09bln; prev. saw 25.9-26.1bln).

CME Group (CME) - CME Group will offer 24/7 trading for new smaller-sized crude oil and gold contracts, pending regulatory review. The new oil contract will be 1/10th the size of CME’s existing Micro WTI futures, and will launch on 30th August. 24/7 trading for CME Group’s existing 1oz Gold futures will begin on 26th July.

Marvell Technology (MRVL) - Marvell appointed Dan Durn as CFO, effective 15th June, succeeding Willem Meintjes, who will remain available in an advisory capacity through April 2027 to support the transition. Durn joins from Adobe. Marvell affirmed its Q2 outlook.

Nasdaq 100 - Nasdaq announced its June 2026 quarterly rebalance of the Nasdaq 100 Index, effective before market open on 22nd June: Astera Labs (ALAB), CoreWeave (CRWV), Nebius Group (NBIS), Rocket Lab (RKLB) and Teradyne (TER) will be added; Charter Communications (CHTR), Cognizant Technology (CTSH), Insmed (INSM), Verisk (VRSK) and Zscaler (ZS) will be removed.

Nvidia (NVDA) - Nvidia will hold its 2026 Annual Meeting of Stockholders online on 24th June at 12:00EDT/17:00BST.

SpaceX (SPCX) - Co. has raised USD 75bln in its IPO, pricing its 555.6mln shares at USD 135/shr, according to SEC filing. The Co.'s total fundraising could rise to USD 86bln if underwriters exercise a greenshoe option to sell additional shares.