Spanish Unemployment Change (Apr) -62.7K vs. Exp. -18.6K (Prev. -22.9K)

The significantly larger than expected drop in Spanish unemployment indicates a stronger labor market recovery, which could influence perceptions of economic stability in Spain.

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EUROPEAN OPEN: HSBA LN profit misses as credit losses rise; UCG IM record profit, upgrades FY26 ambitions; RHM GY Q1 miss; BOSS GY EBIT tops as revenue falls; Judge questions BAYN GY Roundup settlement; ABI BB Q1 beat on volume growth

European Movers: UniCredit (UCG IM) +2.9%, Hugo Boss (BOSS GY) +2.2%, Geberit (GEBN SW) +1.7%, Vodafone (VOD LN) +1.5%, Rheinmetall (RHM GY) +1.2%, Sodexo (SW FP) +1.0%, FMC (FME GY) -9.4%, HSBC (HSBA LN) -5.3%, LVMH (MC FP) -0.6%

Spanish Unemployment Change (Apr) -62.7K vs. Exp. -18.6K (Prev. -22.9K)

EQT (EQT SS) submits an improved offer to Intertek (ITRK LN) worth GBP 58/shr, Bloomberg reports

Iranian President Pezeshkian has requested an immediate and emergency meeting with Supreme Leader Khamenei to ask him to stop IRGC attacks on Persian Gulf nations and prevent a recurrence, Iran International reports

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This positive data could bolster sentiment around growth in the Eurozone and possibly impact expectations for European Central Bank policy, particularly regarding monetary easing or rate hikes.

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