S&P raised Koixia (285A JT) investment grade to BBB-; outlook stable

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European Movers: Richemont (CFR SW) +4.2%, Clariant (CLN SW) +3.7%, Recordati (REC IM) +0.5%, Julius Baer (BAER SW) -4.4%, Lanxess (LXS GY) -6.2%

Telsa (TSLA) to recall 14.5k vehicles due to missing weight information, which may lead to overloading

S&P raised Koixia (285A JT) investment grade to BBB-; outlook stable

Unconfirmed reports of explosions in the UAE, Tasnim reports; "Some Arab sources claimed that the explosion occurred in Abu Dhabi"; Details of the explosions have not yet been released

French Business Confidence (May) 102 vs. Exp. 100 (Prev. 100, Low. 98, High. 101)

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