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StreetAccount Summary - Europe Pre-Open: Futures: FTSE (0.38%), DAX (0.11%), CAC40 +0.01%

Jun 24 ,2026

  • Synopsis

    • European indices are set to open lower as Asian equities trade mixed Wednesday. South Korea swinging between gains and losses following early bounce. Taiwan under pressure. Losses picking up in Taiwan and Japan. Greater China indexes little changed. S&P 500 futures flat afterhours.

    • US equities were lower in Tuesday trading as stocks ended a bit off worst levels. However, breadth slightly positive, while equal-weight S&P 500 (RSP) outperformed cap-weighted index by ~110 bp. Momentum/memory/semis under outsized pressure; Big Tech mostly lower though NVDA, TSLA fared worst.

    • Nothing really incremental on the Middle East, fitting with market interest in moving past geopolitics.

    • Wednesday sees, in central banks, Bundesbank's Nagel speech at 11:00CET on the digital euro at event organised by International Bankers Forum

    • Economic: Italy Jun business/consumer confidence, Norway retail sales, Sweden May PPI

    • Corporate:

      • Trading Update:

        • Nordics: Pyrum Innovations (PYRUM.NO)

  • Politics/Macro/World News

    • Gilt investors shouldn't think so much about British politics (FT )

    • Rubio kicks off Middle East trip as allies seek answers on Iran (Reuters )

  • Top company news

    • M&A

      • NESN.SW (Nestle) -- Platinum Equity the last remaining bidder for Nestle's water business - Bloomberg (23-Jun, 14:50 CEST)

      • SPG.GR (Springer Nature) -- to divest consumer media businesses - Scientific American in US and Spektrum der Wissenschaft in Germany

    • Healthcare

      • GNFT.FP (GENFIT) -- announces Phase 1B results for GNS561 in combination therapy in patients with heavily pretreated cholangiocarcinoma

      • CLARI.FP (Clariane) -- closes on €333M offering of hybrid notes

      • CANTA.SS (Cantargia) -- announces outcome in rights issue and resolves on a directed issue of warrants to Fenja Capital

      • CRNA.NO (Circio Holding) -- Circio and Tcelltech jointly announce CAR-T cell therapy research collaboration

    • Other

      • TRMD.A.DC (TORM Plc) -- SEC filing: SCHEDULE 13D/A (Filed by Oaktree Capital Group Holdings GP, LLC)

      • ENI.IM (Eni) -- management team met with Prime Minister of Albania; signs MoU to jointly carry out feasibility study for national strategic hydrocarbons reserve/energy hub

      • HO.FP (Thales) -- subsidiary Defense & Security secures order for up to 5,000 Low Cost Data Architecture Radio Adaptable Transport platforms

      • ALV.GR (Allianz) -- Safety and Shipping Review: $125B in vessel and cargo value awaits passage from the Persian Gulf

      • Tech Mahindra expands partnership with Telefónica Germany to build next-gen private cloud platform

  • Key rating changes

    • Upgrades

      • PST.IM (Poste Italiane) -- to overweight from equal weight at Barclays

      • BA.LN BAE Systems upgraded to buy from hold at Kepler Cheuvreux

      • TRUE.B.SS Truecaller upgraded to buy from hold at SEB

    • Downgrades

      • AMBU.B.DC (Ambu) -- to sell from hold at Danske Bank

    • Other Actions

      • ONCO.SS (Oncopeptides) -- reinstated hold at DNB Carnegie

  • Data

    • Nikkei (0.42%) to 69498.55

    • Hang Seng +0.36% to 23419.47

    • Shanghai Composite +0.22% to 4115.11

    • S&P futures +17.5 vs prior close of 7437.5

    • €-$ (0.0016) or (0.14%) to 1.1367

    • $-¥ +0.03 or +0.02% to 161.61

    • €-¥ (0.23) or (0.13%) to 183.67

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