Jun 26 ,2026
Synopsis
European indices are set to open lower as Asian equities are selling. Tech-heavy benchmarks in Japan, South Korea and Taiwan experiencing steepest losses with semis, memory, chip equipment and robotics names all under pressure. Greater China markets also sharply with Alibaba leading Hong Kong tech declines.
S&P 500 futures retreating afterhours.
Volatile session for AI stocks with Kospi selloff triggering trading halt amid steep losses in SK Hynix (000660.KS) and Samsung Electronics (005930.KS). MU's blowout results and guidance credited for Thursday's AI rally,
US equities were mixed in Thursday trading. However, breadth was positive, equal-weight S&P 500 outpaced cap-weighted index by nearly 70 bp amid cyclical/broadening trade upside and weakness across Mag 7 (SPCX~).
Friday sees, in central banks, Bundesbank's Nagel and Bank of France's Villeroy panellists at 10:30CET at Annual Conf of Finance Ministers hosted by Ministry of Finance and Science of Saarland. ECB's Vujčić panellist at 18:00CET at event organised by Bank of Portugal.
Economic data expected today: Italy Jun business/consumer confidence, Norway retail sales, Sweden May PPI
(PYRUM.NO) Pyrum Innovations reports Q1 net income (€3.7M) vs year-ago (€0.9M); guides FY
Politics/Macro/World News
Top company news
Earnings/updates
NESN.SW (Nestle) -- Nestlé reports H1 aide-mémoire
SCR.FP (SCOR SE) -- acknowledges arbitration award confirming validity of retrocession treaties entered into with Covéa in June 2021
FLOW.NA (Flow Traders) -- 2Q 2026 Pre-Close Call: ETF volumes in Q2 increased across most regions and asset classes y/y
M&A
STLAM.IM (Stellantis) -- and Nissan in talks to acquire assets from Marelli - Bloomberg
ORRON.SS (Orrön Energy) -- Cloudberry Clean Energy enters into agreement with Orrön Energy to acquire majority of Swedish wind asset and 50% of MLK at enterprise value €234.6M
IF.IM (Banca Ifis) -- launches a competitive process for the sale of its NPL business; takes provisions ~€70M; Guides FY26 net income between €100-110M
Mercer to acquires Mitsubishi Estate Asia's 49.9% stake in the Stockland Residential Rental Partnership - The Australian
Healthcare
BIM.FP (bioMerieux) -- has submitted a Dual 510(k)/CLIA Waiver application to the FDA for the BIOFIRE SPOTFIRE Vaginitis (VG) Panel
IDIA.SW (Idorsia) -- closes Pharmakon loan agreement and full repayment of New Money Facility
HNSA.SS (Hansa Biopharma) -- Transcript Intelligence: Hansa Biopharma Capital Markets Day
Other
TTE.FP (TotalEnergies) -- comments on Paris Judicial Court decision
R3NK.GR (Renk Group) -- awarded $691.3M US Army contract
Memory costs lead to Xbox, iPad price increases; SCOTUS rules in Bayer favor in in intraday themes (24-Jun)
Shareholders approve Exxon move to Texas; Lululemon closes AGM to non-shareholders in recent corporate proxy developments
Key rating changes
Upgrades
INDT.SS (Indutrade) -- to buy from hold at SEB
PNDORA.DC (Pandora) upgraded to buy from underperform at BofA
Downgrades
AC.FP (Accor) -- to hold from buy at Jefferies
OCI.NA (OCI NV) -- to hold from buy at HSBC
TATE.LN (Tate & Lyle) -- to hold from buy at Deutsche Bank
FEVR.LN (Fevertree Drinks) downgraded to underperform from neutral at BofA
Initiations
BC.IM (Brunello Cucinelli) -- buy at Deutsche Bank
Data
Nikkei (4.45%) to 69148.35
Hang Seng (1.64%) to 22697.94
Shanghai Composite (1.54%) to 4057.03
S&P futures (44.3) vs prior close of 7423.3
€-$ +0.0008 or +0.07% to 1.1379
$-¥ (0.18) or (0.11%) to 161.62
€-¥ (0.08) or (0.04%) to 183.88
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".
DEPOSITARY RECEIPTS:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE