Newsquawk Daily European Equity Opening News - 30th June 2026

ASIA

APAC stocks were mixed with choppy price action seen overnight heading into quarter-end, despite the gains in the US, where the DJIA notched a record close, and the Nasdaq outperformed amid strength in tech and communications. ASX 200 traded little changed amid mixed performances of its sectors and after the RBA minutes from the June meeting continued to affirm a hawkish stance. It stated that policy needed to remain restrictive and the RBA will do what is needed to achieve price stability, including raising rates if necessary. Nikkei 225 ultimately rallied, but initially swung between gains and losses, with the index fluctuating through the 70k level, amid a weaker currency, FX intervention risks, and disappointing Industrial Production. Hang Seng and Shanghai Comp lagged as a rebound in tech stocks was counterbalanced by losses in miners and energy majors, while they also failed to benefit from better-than-expected PMI data and another PBoC overnight repo operation.

EUROPEAN CLOSES

CLOSES: Euro Stoxx 50 +0.21% at 6,235, Dax 40 -0.14% at 24,636, FTSE 100 -0.23% at 10,484, CAC 40 -0.21% at 8,367, FTSE MIB -0.20% at 51,163, IBEX 35 -0.20% at 19,387, PSI +0.26% at 9,159, SMI +0.36% at 14,224, AEX +0.43% at 1,065.

SECTORS: IT 1.38%, Utilities 0.65%, Energy 0.62%, Industrials 0.32%, Financials 0.00%, Healthcare -0.03%, Consumer Stpl -0.07%, Consumer Disc -0.31%, Materials -1.50%, Telecoms -2.05%

FTSE 100

UK Defence - UK PM Starmer will unveil a defence investment plan on Tuesday, which will include GBP 5bln for drones and other uncrewed systems, but is unlikely to stem the demands of senior officers for additional funding, while the anticipated increase in defence spending of around GBP 14.5bln has been signed off by Starmer’s expected successor, Andy Burnham, according to FT. (FT)

UK Lloyds Business Confidence - Business confidence for June fell to +44 from the prior +47 and below the expected +48. The net balance in confidence about the wider economy fell to +31, below the 12-month average of +38. (Lloyds)

UK BRC Shop Price Inflation - Shop price inflation held steady in June at 1.2% and cooler than the expected 1.3%. Fresh food inflation fell to 2.8% Y/Y from 3.4%, helped by bumper crops of strawberries and ice cream promotions. (BRC)

OTHER UK COMPANIES

BROKER MOVES

easyJet (EZJ LN) downgraded to Sector Perform from Outperform at RBC

easyJet (EZJ LN) downgraded to Neutral from Buy at Citi

easyJet (EZJ LN) downgraded to Neutral from Buy at UBS

Mondi (MNDI LN) downgraded to Neutral from Buy at UBS

DAX

BMW (BMW GY) - Co. is planning to expand US EV production in Spartanburg, according to Handelsblatt. (Handelsblatt)

Mercedes-Benz (MBG GY) - Co. adds lounge to brand experience center, with limited-edition donuts also being added to the collaboration cafe with the popular donut shop. (Mercedes-Benz)

OTHER GERMAN COMPANIES

BROKER MOVES

CAC

Sanofi (SAN FP) - Co. announces that its Nexviazyme met all primary and secondary endpoints in infantile-onset Pompe disease phase 3 study. (Sanofi)

OTHER FRENCH COMPANIES

Abivax (ABVX FP) - Co. says its experimental ulcerative colitis drug helped harder-to-treat groups of patients achieve remission. 37.2% of patients who had not responded to an initial induction treatment of obefazimod achieved clinical remission after continued treatment at a 50mg dose at week 44, while ⁠34.5% achieved endoscopic remission. (Abivax) US ADR rose 26.8% after-hours

Bureau Veritas (BVI FP) - Co. announces that it has entered exclusive negotiations with Triton Partners for the sale of its Oil & Petrochemicals and Coal testing and inspection business at a price of EUR 470mln. (Bureau Veritas)

JCDecaux (DEC FP) - Co. renews its Heathrow advertising contract for 8 years. (JCDecaux)

Vallourec (VK FP) - Co. has been awarded major contract by Azule Energy for the Greater PAJ offshore development in Angola. (Vallourec)

BROKER MOVES

PAN EUROPE

Kontron (KTN AV) - Co. has been awarded a double-digit million software contract by Infrabel for Antwerp-North rail yard modernisation. (Kontron)

Stellantis (STLAM IM / STLAP FP) - Co., with Dongfeng, plans to start selling a new Jeep model in Europe by 2030, with 6 Jeep models available by the end of the decade. (Stellantis)

BROKER MOVES

Generali (G IM) downgraded to Market Perform from Outperform at Keefe Bruyette

SMI

Lonza (LONN SW) - Co. says it plans to expand its manufacturing capacity at the Visp site to support the antibody-drug conjugate market. The facility is expected to be operational in 2028. (Lonza)

Roche (ROP SW) - Co. announces that the US FDA has accepted and granted priority review to a supplemental BLA for Enspryng for the treatment of thyroid eye disease, decision to be made by October 15th 2026. (Roche)

UBS (UBSG SW) - Co. reportedly appoints Andy Neo as Southeast Asia head of real estate lodging & leisure and Alfred Li as head of Asia healthcare, Bloomberg reports. (Bloomberg)

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

Genmab (GMAB DC) - Co. announces that the phase 3 EPCORE DLBCL-4 trial evaluating epcoritamab in combination with lenalidomide met its primary objective, demonstrating statistically significant and clinically meaningful improvement in progression-free survival in patients with relapsed or refractory diffuse large B-cell lymphoma. (Genmab)

Maersk (MAERSKB DC) - Co. raises its FY guidance due to strong demand from Asia driven by new US tariffs; sees underlying EBITDA between USD 8-10bln (prev. guided 4.5-7bln), EBIT between USD 2-4bln (prev. guided -1.5-1bln), FCF "at least" USD -1.5bln (prev. guided "at least" USD -3bln). Container volume growth also raised to about 4% globally (prev. guided 2-4%). (Maersk)

Orion B (ORNBV FH) - Co. announces agreement with Shilpa Medicare for nivolumab biosimilar for European market. Under the agreement, Orion will gain exclusive right to distribute, market and sell Shilpa's iv nivolumab biosimilar in Europe, while Shilpa will supply the product to Orion, and is entitled to receive from Orion certain development and regulatory milestone payments. (Orion)

Skanska (SKAB SS) - Co. has signed a contract valued around SEK 340mln with the City of Stockholm Development Office to carry out development work in the Hagastaden district. (Skanska)

BROKER MOVES

AddLife (ALIFB SS) downgraded to Hold from Buy at SEB

SOBI (SOBI SS) downgraded to Hold from Buy at Pareto Securities

US

CLOSES: SPX +1.17% at 7,440, NDX +2.25% at 29,775, DJI +0.59% at 52,188, RUT +0.01% at 3,010

SECTORS: Materials -1.86%, Real Estate -0.75%, Energy -0.63%, Utilities -0.47%, Consumer Staples -0.45%, Financials +0.13%, Health +0.16%, Industrials +0.81%, Technology +1.69%, Consumer Discretionary +2.68%, Communication Services +3.11%.