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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE (0.55%), DAX (0.77%), CAC40 (0.47%)

Jun 17 ,2025

  • Synopsis

    • European equity markets set to open lower, whilst Asian equities mixed Tuesday. Japan, Korea and Taiwan outperforming while Greater China and Australia little changed S&P 500 futures easing afterhours.

    • With Iran and Israel trading attacks for a fifth day, President Trump cut short his G7 attendance to return to Washington after warning on Truth Social for people to evacuate Tehran. US officials later stressed no intention to get involved offensively. At same time, press sources noted consideration being given to deployment of bunker buster bombs as White House eyes fresh diplomatic push this week. Follows earlier reports highlighting Tehran's interest in in resuming diplomacy.

    • In trade news, Trump and UK PM Starmer signed agreement finalizing trade pact. Canada and US aiming to strike trade deal within a month though differences over tariffs remain following talks between Trump and PM Carney.

    • On today's agenda, IEA oil market report and EU Environment Council meeting. Norway's PM Støre biannual summary press conf at 11:00CET. Ministry of energy Aasland at the Langskip project launch event (the largest climate initiative in Norway and Europe's first complete value chain for carbon management) and minister for climate and environment Eriksen hosts input meeting on the EU's climate quota system for companies for the period after 2030. In UK, parliamentary committee topics include reforming the water sector at 10:00BST, Spending Review 10:15 and UK-EU reset 15:30. Also on Tue, FT event Energy Transition Summit: East Med & Southeast Europe (through Wed), speakers include Greece's PM Mitsotakis, Cyprus' President Christodoulides, UK's Minister for Climate, Department for Energy Security and Net Zero McCarthy. Institute for Economic and Industrial Research (IOBE) event at 11:30CET title 'Impact of climate change on sectors of the Greek economy'.

    • In central banks, BOE's Kroszner speech at 9:45BST at event hosted by FIA's International Derivatives Expo (through Wed). Osservatorio Permanente Giovani-Editori (OPGE) conf (through Thu), Bank of Portugal's Centeno speaks at 17:45CET. Bank of France's Villeroy interview at 16:05BST at FT's Global Borrowers and Bond Investors Forum. Bundesbank publishes its latest monthly report at 12noon CET and Köhler-Geib panellist at 18:00 at event hosted by SAFE, House of Finance.

    • In corporate news, Bakkafrost (BAKKA.NO) released a presentation ahead of its 2025 CMD guiding 2030 total harvest volume of 162K HOG. Also in Norway, REC Silicon (RECSI.NO) announced the extension of a $50M facility loan and provided an update on its financial position. In France, Aeroport de Paris (ADP.FP) issued total Paris Aeroport April traffic figures, whilst in Austria, Flughafen Wien (FLU.AV) reported May group traffic numbers.

    • In other corporate developments, yesterday after the market closed, Kering (KER.FP) confirmed the appointment of of Luca de Meo as CEO of the group, effective 15-Sep-25. In M&A, Neinor Homes (HOME.SM) announces fully-backed €1.07B tender offer for the acquisition of AEDAS (AEDAS.SM)

  • Politics/Macro/World News

    • Geopolitics

      • Trump tells Tehran to 'evacuate' as Macron says US president has made ceasefire 'offer' - The Guardian

    • France

      • France's Elite Are Moving to Protect Wealth Before 2027 Election - Bloomberg

    • UK

      • Trump signs order confirming parts of UK-US tariff deal - BBC

      • Reeves considers changes to non-dom inheritance tax amid UK 'exodus' - FT

      • Bank of England's Finances Squeezed in Wake of Bernanke Reforms - Bloomberg

    • EU

      • EU weighs carbon tax on home heating and petrol to fill budget gaps - FT

      • EU spurns economic dialogue with China over deepening trade rift - FT

    • Spain

      • Corruption scandals put Spain's Sánchez under pressure to call snap elections - Politico

  • Top company news

    • Earnings/updates

      • France

        • ADP.FP (Aeroport de Paris) -- reports Total Paris Aeroport April traffic 9.4M, +3.3% y/y

        • ALVU.FP (Vente-Unique.com) -- reports H1 net income €4.9M vs year-ago €4.8M; Sales activity expected to accelerate in Q3

      • DACHs

        • MRX.GR (Mister Spex) -- guides FY25 revenue to (20%)-(10%) y/y vs prior (10%)-(5%) vs FactSet (7.1%)

        • FLU.AV (Flughafen Wien) -- reports May Group total passenger traffic +3.7% to 3.9M

      • Nordics

        • RECSI.NO (REC Silicon) -- announces extension of $50M facility loan; provides update on financial position

        • BAKKA.NO (Bakkafrost) -- releases CMD 2025 presentation; guides 2030 total harvest volume 162K HOG

        • RUSTA.SS (Rusta) -- reports Q4 EPS (SEK0.5) vs FactSet (SEK0.46) [3 est, (SEK0.67)-(0.24)]

      • Benelux

        • VVY.NA (Vivoryon Therapeutics) -- reports Q1 net income (€2.5M) vs year-ago (€9.3M)

    • M&A

      • COTY (Coty) -- trading higher; WWD reports the company may be seeking buyers

      • SAB.SM (Banco de Sabadell) -- confirms received non-binding expression of interest for the acquisition of TSB Banking Group (post EU close 16-Jun)

      • HOME.SM (Neinor Homes) -- announces fully-backed €1.07B tender offer for the acquisition of AEDAS

      • WDS.AU (Woodside Energy Group) -- and Mitsui Iron Ore Development enter NeoSmelt JV

      • SAB.SM (Banco de Sabadell) -- reportedly exploring sale of British banking unit TSB as part of efforts to fend off hostile bid from BBVA -- Reuters (earlier)

      • CO.FP (Casino Guichard-Perrachon) -- provides update and information regarding buy-out of minority shareholders of Cnova

      • COV.FP (Covivio) -- acquires 25% minority stake in the CB21 tower in Paris-La Défense; terms undisclosed

    • Healthcare

      • SN.LN (Smith & Nephew) -- SEC filing: SCHEDULE 13D/A (Filed by Cevian Capital II GP LTD)

      • HNSA.SS (Hansa Biopharma) -- releases presentation material in connection with event featuring two KOLs discussing unmet need and current treatment landscape for GBS

    • Other

      • AIR.FP (Airbus SE) -- LOT Polish Airlines places a firm order with Airbus for 20 A220-100s and 20 A220-300s (earlier)

      • KER.FP (Kering) -- announces appointment of Luca de Meo as CEO of the group, effective 15-Sep-25

      • A5G.ID (AIB Group) -- Irish State to sell the remainder of its stake ~2.06% in AIB Group by way of a placing to institutional investors via Goldman Sachs

      • IDR.SM (Indra Sistemas) -- reaches agreement with AXISCADES to collaborate in production of solutions for aerospace and defense market

      • LTMC.IM (Lottomatica Group) -- holder Gamma Intermediate offering 53.6M shares via accelerated bookbuild through Barclays, Deutsche (post EU close 16-Jun)

      • UMG.NA (UMG) -- Goldman Sachs offers ~14M UMG shares -- Bloomberg, citing terms (16-Jun, post European close)

      • Regional Gaming Revenues - New Jersey May 2025

  • Key rating changes

    • Upgrades

      • TTE.FP (TotalEnergies) -- to outperform from market perform at Bernstein

    • Downgrades

      • SCHP.SW (Schindler Holding) -- to underweight from equal-weight at Morgan Stanley

      • LNZ.AV (Lenzing) -- to underperform from neutral at Oddo

      • SHEL.LN (Shell Plc) -- to market perform from outperform at Bernstein

      • KCR.FH (Konecranes) -- to hold from buy at DNB Carnegie

      • BNZL.LN (Bunzl) -- to sector perform from outperform at RBC Capital Markets

    • Initiations

      • GETI.B.SS (Getinge) -- market perform at Bernstein

      • TECN.SW (Tecan Group) -- underperform at Bernstein

      • FDJU.FP (La Francaise des Jeux) -- overweight at JPMorgan

      • RSGN.SW (R&S Group Holding) -- hold at Kepler Cheuvreux

      • CIBUS.SS (Cibus Nordic Real Estate) -- buy at DNB Carnegie

  • Data

    • Nikkei +0.50% to 38501.62

    • Hang Seng (0.15%) to 24025.03

    • Shanghai Composite +0.02% to 3389.36

    • S&P futures (21.3) vs prior close of 6089.8

    • €-$ (0.0004) or (0.03%) to 1.1557

    • $-¥ (0.07) or (0.05%) to 144.69

    • €-¥ (0.13) or (0.08%) to 167.21

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
Please refer to "Terms Of Use".

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