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StreetAccount Summary - EU Market Recap: FTSE 100 +0.61% to 10494.21, DAX +0.07% to 24910.41, CAC40 +0.75% to 8447.27, STOXX 600 +0.25% to 636.00

Jun 16 ,2026

  • Synopsis:

    • European indices have ended mostly higher, with Italy and France outperforming the region. US-Iran optimism generally holding but many questions about implementation, particularly how quickly Strait of Hormuz traffic can normalize. European leaders to press President Trump on details of Iran deal. Press reports said allies worried that US negotiating team may fail to secure a robust nuclear agreement or address Iran's ballistic missile program.

    • On the macro calendar, German ZEW sentiment jumped sharply on US-Iran deal, though current situation indicator still very weak. Latest UK political news suggests leadership hopeful Andy Burnham will give UK PM Starmer space to resign after by-election rather than immediately trigger a leadership contest. Also, UK set to announce fresh Russian sanctions and extend energy support to Ukraine.

    • On a light corporate newsflow front, Aeroport de Paris (ADP.FP) and Flughafen Wien (FLU.AV) released May traffic figures,whilst Securitas (SECU.B.SS) presented 2030 strategy together with updated financial targets during CMD today. In France, Eutelsat (ETL.FP) and French Armed Forces Ministry announced call-off capacity contract for the NEXUS Framework agreement

    • In M&A news, Commerzbank (CBK.GR) holder - the German government - rejected the offer from UniCredit (UCG.IM). Also, UK CMA cleared ABF's (ABF.LN) deal to buy bread maker Hovis. Norwegian Air Shuttle (NAS.NO) acquired Nordic Leisure Travel Group for SEK 7.94B accretive from 2027. Media reports Jochen Schweizer is exploring buying back adventure-experience business from ProSiebenSat.1 (PSM.GR) while sources say that Intesa Sanpaolo (ISP.IM) has assured the Italian government it would adopt a cooperative approach over future decisions impacting Generali (G.IM)

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:Banks +1.71%, Ind Goods & Svcs +1.06%, Insurance +0.88%, Media +0.82%, Persnl & HHold Goods +0.70%, Financial Svcs +0.51%, Construct & Mtls +0.43%, Travel & Leisure +0.39%

      • Underperformers: Telecom (1.79%), Technology (1.70%), Retail (1.22%), Autos & Parts (0.71%), Health Care (0.55%), Oil & Gas (0.29%), Real Estate (0.22%), Utilities +0.03%, Food & Beverage +0.04%, Chemicals +0.10%, Basic Resources +0.11%

    • Macro:

      • Russia should make peace deal, Trump says after 'very good' Zelenskiy meeting (Reuters)

      • Zelenskyy thanks G7 leaders for 'strong ideas on how to force Russia into peace' (Guardian)

      • Europeans Are Slowly Changing Trump's Mind on Ukraine's Grit (BBG)

      • EU lawmakers approve US trade deal to avert tariff conflict (Reuters)

      • UK hits Russia with fresh energy sanctions at G7 (Politico)

      • Russian warship reportedly fires warning shot at yacht in English Channel (Sky News)

      • Andy Burnham plans to give Starmer 'space' to resign after by-election, say allies (FT)

      • Reeves Says Her Plans Will Make UK Less Reliant on Bond Markets (BBG)

      • Meloni, Trump have 'clarification' meeting at G7, sources (Ansa)

    • Company news:

      • Notable Gainers

        • +15.0% TAM.LN (Tatton Asset Management £6.92, +0.90) -- FY earnings

        • +13.0% PREC.SS (Precise Biometrics SEK1.96, +0.23) -- announces touchless palm recognition technology achieves new performance milestone

        • +8.5% F3C.GR (SFC Energy €22.30, -0.00)

        • +7.5% OHB.GR (OHB SE €434.50, +30.50)

        • +5.8% RDC.GR (Redcare Pharmacy €60.60, +3.30) -- prelim Q2 earnings

        • +4.5% UCG.IM (UniCredit €77.90, +3.33) -- CBK holder - German government - rejects offer from UniCredit

        • +4.0% BFF.IM (BFF Bank SpA €3.04, +0.12) -- confirms Giuseppe Sica as CEO; shareholders approve share buyback program, subject to the authorization by the Bank of Italy

        • +2.9% CRTA.LN (Cirata £0.17, -0.00) -- enters into a revised original equipment manufacturer agreement with IBM

        • +2.4% ALVU.FP (Vente-Unique.com €14.90, +0.35) -- H1 earnings

        • +2.3% AXS.LN (Accsys Technologies £0.79, +0.02) -- FY earnings

        • +2.3% SU.FP (Schneider Electric €276.30, +6.15)

        • +2.3% W7L.LN (Warpaint London £2.20, +0.05) -- AGM trading update

        • +2.1% PEBB.LN (The Pebble Group £0.58, +0.01)

        • +1.3% KCR.FH (Konecranes €27.64, +0.36)

        • +1.2% FLU.AV (Flughafen Wien €49.50, +0.60) -- May traffic figures

        • +0.9% ATO.FP (ATOS SE €36.56, +0.32)

        • +0.5% SAAB.B.SS (Saab SEK505.30, +2.40) -- order

        • +0.4% CBK.GR (Commerzbank €36.37, +0.16) -- holder - German government - rejects offer from UniCredit

      • Notable Decliners

        • -16.8% RAT.LN (Rathbones Group £16.24, -3.28) -- undertakes skilled person review following engagement with FCA

        • -10.2% IGR.LN (IG Design Group £0.79, -0.09) -- FY earnings

        • -8.1% NEL.NO (NEL ASA NOK2.38, -0.21) -- CEO steps down

        • -7.3% SOI.FP (SOITEC €128.65, -10.15)

        • -7.0% ATS.AV (AT & S Austria Technologie & Systemtechnik €195.40, -14.60) -- €400M convertible bonds

        • -6.7% SESG.FP (SES €7.29, -0.52)

        • -6.4% CAMX.SS (Camurus SEK513.00, -35.00) -- Rhythm Pharmaceuticals announces multiple new data presentations from MC4R agonist

        • -5.6% TRMED.NO (Thor Medical NOK4.05, -0.24)

        • -4.7% FRAS.LN (Frasers Group £7.18, -0.36) -- running same takeover playbook in two different venues - The Australian

        • -4.7% SMHN.GR (SÜSS MicroTec €97.25, -4.75)

        • -4.5% ALZCUR.SS (AlzeCure Pharma SEK3.78, -0.18) -- study results; previously annonced rights issue begins today

        • -4.2% WAF.GR (Siltronic €93.55, -4.15) -- placement

        • -3.9% SMWH.LN (WH Smith £4.20, -0.17)

        • -3.9% STMPA.FP (STMicroelectronics €65.77, -2.68) -- announces a $1.5B dual-tranche offering

        • -3.8% BMAX.SS (Byggmax Group SEK45.85, -1.80)

        • -3.1% ADMCM.FH (Admicom €26.80, -0.85)

        • -3.1% LPK.GR (LPKF Laser & Electronics €22.10, -0.70)

        • -3.0% DEBS.LN (Debenhams Group £0.24, -0.01) -- FY earnings

        • -2.8% NAS.NO (Norwegian Air Shuttle NOK15.50, -0.45) -- to acquire Nordic Leisure Travel Group for SEK 7.94B accretive from 2027

        • -2.2% VIVE.SS (Vivesto SEK8.90, -0.20) -- reports positive results from i.v. Cantrixil PK/toxicology study

        • -2.1% LIAB.SS (Lindab International SEK136.00, -2.90)

        • -1.8% GNFT.FP (GENFIT €9.52, -0.17)

        • -1.8% SAGA.B.SS (Sagax SEK152.80, -2.80) -- placement

        • -1.5% SECU.B.SS (Securitas SEK152.50, -2.40) -- CMD

        • -1.2% AKER.NO (Aker ASA NOK1,144.00, -14.00)

        • -1.2% BURE.SS (Bure Equity SEK272.40, -3.20) -- announces CEO Henrik Blomquist will leave the company in Jun-27

        • -1.2% TKA.GR (ThyssenKrupp €11.21, -0.14) -- approves plans to spin off tk accelis (formerly thyssenkrupp Materials Services)

    • EU companies reporting tomorrow:

      • DACHs: Kapsch TrafficCom (KTCG.AV)

      • Nordics: Biovica International (BIOVIC.B.SS)

      • Southern Europe: OVS (OVS.IM)

      • UK: AO World (AO.LN), Speedy Hire (SDY.LN), Oxford Metrics (OMG.LN)

      • Traffic: VINCI (DG.FP)

      • CMD/Events: Elekta (EKTA.B.SS), Kuros Biosciences (KURN.SW), Auto1 Group (AG1.GR), Saniona (SANION.SS) R&D Day, Svenska Handelsbanken (SHB.A.SS) pre-close call, Jaguar Land Rover (500570.IN) at 9:30BST, Swedencare (SECARE.SS) pre-close call, Thule Group (THULE.SS) business update call

    • Macro-data expected for tomorrow:

      • Eurozone May final CPI, UK May CPI, RPI, input/output PPI, Austria May final CPI, Ireland Apr trade balance

  • Data:

    • Economics:

      • Germany Jun ZEW Economic Sentiment Indicator 10.5 vs consensus (6.0) and prior (10.2)

        • Current Situation (81.0) vs consensus (77.5) and prior (77.8)

      • Italy May CPI +3.2% y/y vs preliminary +3.2; +0.4% m/m vs preliminary +0.4%

        • EU Harmonised: +3.2% y/y vs preliminary +3.3%; +0.3% m/m vs preliminary +0.4%

    • Markets:

      • WTI Crude (Jul 26): ($3.73) or (4.62%) to $77.02

      • €-$ +0.0015 or +0.13% to 1.1607

      • £-$ +0.0011 or +0.08% to 1.3424

      • €-£ +0.0004 to 0.8647

      • S&P 500 (0.22%)

      • Performance year-to-date

        • FTSE 100: +5.67%

        • DAX: +1.71%

        • CAC: +3.65%

        • MIB: +16.66%

        • Stoxx 600: +7.40%

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