Jun 12 ,2026
Synopsis
European indices are set to open higher with Asian equities strengthening Friday amid hopes for an end to Iran conflict. AI names driving outperformance of Japan, South Korea and Taiwan benchmarks. Greater China also accumulating gains. S&P 500 futures flat afterhours.
US equities finished higher in Thursday trading, ending just a bit off best levels after latest headlines about a potential Iran deal. S&P 500, Nasdaq now on track for weekly gains; S&P logged its best session since 8-Apr
Friday sees, in central banks, Austria central bank's Kocher press conf at 9:00CET in connection with its latest macroeconomic forecast for Austria 2026-28. Bank of Finland's Rehn press conf at 10:00CET on the outlook for the Finnish economy.
Economic data today: Germany May final CPI, France May final CPI, Spain May final CPI, UK Apr industrial/manufacturing production, trade balance, construction output, May monthly GDP tracker - NIESR, Portugal May final CPI
Earnings reported today: (KESKOB.FH) Kesko reports May sales from continuing operations €1.13B, +0.9% in comparable terms.
(FRA.GR) Fraport reports May Frankfurt Airport traffic statistics: passengers ~5.74M, +2.7y/y
Politics/Macro/World News
Top company news
European defence stock rally goes into reverse on funding concerns (FT )
Earnings/updates
FRA.GR (Fraport) -- reports May Frankfurt Airport traffic statistics: passengers ~5.74M, +2.7y/y
KESKOB.FH (Kesko) -- reports May sales from continuing operations €1.13B, +0.9% in comparable terms
NSI.NA (NSI NV) -- NSI to discontinue Well House development in Amsterdam; to recognise non-cash impairment of ~€9.6M in its H1
M&A
ADYEN.NA (Adyen) -- enters definitive agreement to acquire enterprise billing platform Orb for $335M through a reverse triangular merger
BALY (Bally's) -- discloses cooperation agreement with Evoke - 8-K
857.HK (PetroChina) -- Woodside Energy Group exercises right to pre-empt sale of PetroChina's 10.67% interest in Browse JV to INPEX subsidiary
OVH.FP (OVHCloud) -- to acquire Gladia, expert in voice AI
HHFA.GR (Hamburger Hafen und Logistik) -- passed resolution on transfer of its minority shareholders' class A shares to majority shareholder, the Port of Hamburg Beteiligungsgesellschaft at €21.16/sh
ERA.FP (Eramet) -- Orion CMC exploring acquisition of some or all of Duval family's 37% stake in Eramet - FT
ANCR.LN (Animalcare Group) -- Treasurer of Commonwealth of Australia has notified Bidco that it has no objections to acquisition; as a result, FIRB Condition has been satisfied
EQT and a Morrison & Co-led consortium the last two remaining bidders for Ausgrid's Plus ES - The Australian
Healthcare
NOVO.B.DC (Novo Nordisk) -- has identified IT security incident involving unauthorised access to limited number of internal IT systems; core business operations are not impacted and remain up and running
NYXH.BB (Nyxoah) -- SEC filing: SCHEDULE 13D/A (Filed by Cochlear Ltd)
XBRANE.SS (Xbrane Biopharma) -- and JOINN Biologics US Inc. enter strategic partnership to develop Xdarzane, Xbrane´s Biosimilar candidate to Darzalex (Daratumumab)
Other
SHEL.LN (Shell Plc) -- Venezuela signs five agreements with Shell to advance oil and gas projects - Reuters
VOLV.B.SS (Volvo) -- Street Takeaways - Volvo CMD
DHL.GR (DHL Group) -- plans to invest $186M in decarbonization and infrastructure
TIT.IM (Telecom Italia) -- receives refund related to the 1998 concession fee, amounting to just over €1B
GFTU.LN (Grafton Group) -- Transcript Intelligence: Grafton Group Capital Markets Day
GL9.ID (Glanbia) -- Tirlán to sell up to an aggregate 12.0M ordinary shares in Glanbia plc by way of private placement
AED.BB (Aedifica) -- releases 2025 Environmental Data Report
8S30.GR (Sphere 3D) -- Transcript Intelligence: Sphere 3D at Maxim Group LLC The AI Data Center Summit
Market Voices: Masters of Scale with RJ Scaringe, CEO of Rivian, on EV competition, software, and the future of autonomous driving
Publicis Media appointed by Hewlett Packard to manage its ~ $250M global media account, shifting away from Omnicom's PHD agency - Adweek
Key rating changes
Upgrades
COLR.BB (Colruyt Group) -- to outperform from neutral at Oddo
RR.LN (Rolls-Royce Holdings) -- to buy from hold at Berenberg
Data
Nikkei +3.17% to 66253.89
Hang Seng +1.81% to 24689.24
Shanghai Composite +1.35% to 4040.70
S&P futures +9.5 vs prior close of 7396.0
€-$ (0.0019) or (0.16%) to 1.1561
$-¥ +0.39 or +0.24% to 160.34
€-¥ +0.16 or +0.09% to 185.35
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