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treetAccount Summary - Europe Pre-Open: Futures: FTSE (0.51%), DAX30 (1.81%), CAC40 +0.04%

Jun 13 ,2025

  • Synopsis

    • European indices are set to open lower following reports Iran began its retaliation against Israel with drones.

    • Asian equities weaker Friday with markets on backfoot amid ramp in Middle East tensions. Broad declines on regional benchmarks with Japan, Korea and Taiwan seeing biggest losses. S&P 500 and Nasdaq futures down 1-2% afterhours.

    • Israel launched series of airstrikes on Iran late Thursday under operation 'Rising Lion', targeting nuclear sites including main enrichment facility in Natanz, nuclear scientists, country's ballistic missile program, and military commanders with IRGC head Hossein Salami killed

    • In central banks, ECB's Montagner speech at 13:45CET at "Pan-European Conglomerate Club" meeting, whilst Elderson panellist at 17:00 at IMF-WB annual high-level Conf. EU home affair ministers meet. In Germany, DIW press briefing at 9:30CET on Institute's latest economic forecast. Paris Air Forum, speakers to include Airbus (AIR.FP) CEO Faury. Sentia (SNTIA.NO) stock market debut on Oslo Stock Exchange.

    • Economic: Germany May final CPI, France May final CPI, Spain final May CPI, Italy Apr trade balance, Eurozone Apr industrial production, trade balance, Finland May final CPI

    • In corporate news: Fraport (FRA.GR) reports May Frankfurt Airport traffic statistics: passengers 5.6M, +1.8 y/y. Kesko (KESKO.B.FH) reports May sales €1.10B, (2.1%) in comparable terms

  • Politics/Macro/World News

    • ECB's Villeroy emphasizes data-driven decisions on interest rates, remaining open to future adjustments (Bloomberg)

    • Israel strikes Iran's nuclear facilities and missile factories, Iran retaliates with drones (Reuters )

  • Top company news

    • Earnings/updates

      • FRA.GR (Fraport) -- reports May Frankfurt Airport traffic statistics: passengers 5.6M, +1.8 y/y

      • FHZN.SW (Flughafen Zuerich) -- reports May traffic statistics

      • KESKOB.FH (Kesko) -- reports May sales €1.10B, (2.1%) in comparable terms

      • SIGHT.FP (GenSight Biologics) -- reaches an agreement with the ANSM for the opening of LUMEVOQ's Compassionate Access Program in France; provides regulatory, marketing, financial updates

      • FSKRS.FH (Fiskars) -- lowers FY25 comparable EBIT guidance

    • M&A

      • NORCO.NO (Norconsult) -- acquires the Aas-Jakobsen Group based on EV of NOK1.43B

      • ACA.FP (Credit Agricole) -- announces acquisition of majority stake in COMWATT; price undisclosed

      • G.IM (Assicurazioni Generali) -- Banca Generali confirms it has started process of duly evaluating Mediobanca acquisition proposal

      • PROX.BB (Proximus) -- completes sale of mobile tower infrastructure in Luxembourg to InfraRed Capital Partners

      • PHXM.FP (Phaxiam Therapeutics) -- announces judicial liquidation and delisting

      • VIMIAN.SS (Vimian Group) -- acquires AllAccem Inc, a leading provider of a veterinary dental sealant product in the US; price undisclosed

    • Healthcare

      • NOVO.B.DC (Novo Nordisk) -- to advance subcutaneous and oral amycretin for weight management into phase 3 clinical development

      • GLPG.NA (Galapagos) -- to present new ATALANTA-1 CAR-T data at EHA 2025; highlights low toxicity and rapid, decentralized delivery of fresh, early-memory-enriched GLPG5101 in R/R NHL

      • UCB.BB (UCB) -- announces major U.S. investment to expand Biologics manufacturing capacity

      • IPH.FP (Innate Pharma) -- Highlights Preclinical Antitumor Activity of IPH6501 in Diffuse Large B-Cell Lymphoma and Follicular Lymphoma at the 2025 European Hematology Association (EHA) Congress

      • CAMX.SS (Camurus) -- Sandberg Development AB initiates accelerated bookbuilding process for sale of shares in Camurus AB, worth ~ SEK 1.3B through ABG Sundal Collier and Skandinaviska Enskilda Banken AB

    • Other

      • BA.LN (BAE Systems) -- awarded $155.9M US Navy contract

      • BNP.FP (BNP Paribas) -- receives notification of MREL requirements

  • Key rating changes

    • Upgrades

      • DEMANT.DC (Demant) -- to outperform from market perform at Bernstein

      • INTRUM.SS (Intrum) -- to neutral from underweight at JPMorgan

    • Downgrades

      • SOI.FP (SOITEC) -- to hold from buy at Jefferies

      • MTO.LN (Mitie Group) -- to hold from buy at Jefferies

      • AQ.SS (AQ Group) -- to hold from buy at Pareto

  • Data

    • Nikkei (1.11%) to 37749.55

    • Hang Seng (0.88%) to 23822.87

    • Shanghai Composite (0.80%) to 3375.34

    • S&P futures (93.0) vs prior close of 6049.5

    • €-$ (0.0053) or (0.46%) to 1.1533

    • $-¥ +0.04 or +0.03% to 143.53

    • €-¥ (0.74) or (0.45%) to 165.49

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