Jun 30 ,2026
Synopsis
European equity markets set for a higher open. Asian equities mixed and US futures slightly higher post positive close overnight. JGB curve bear steepening while Treasuries unchanged. Australian yields lower following RBA minutes. Crude pulling back from earlier highs. Gold and silver under some pressure. Dollar firming against other currencies, yen at 40-year low. Bitcoin fluctuating around $60K.
On the agenda for today, a number of central banks speakers participate in various events; featuring, Bank of Spain's Salido, BOE's Breeden, ECB's Vujcic, Lane, Elderson, Schnabel and Cipollone. In politics, UK's long-awaited defense investment plan to be published; the plan includes £5B worth of investment to increase armed forces' use of drones and autonomous weapons, according to Ministry of Defence.
Amidst busy macro calendar, UK Q1 final GDP and Jun house price index, Germany May retail sales due at 7:00 BST, followed by France Jun prelim CPI, May consumer goods spending and PPI at 7:45 BST. Switzerland Jun leading indicator - KOF is out at 8:00 BST, followed by Germany Jun unemployment rate at 9:00 BST and Italy Jun prelim CPI at 10:00 BST. German Jun prelim CPI i sout at 13:00 BST.
Macro/ Politics/World News:
UK:
Jun shop price inflation +1.2% y/y vs consensus +1.3% and prior +1.2% - BRC
Business confidence falls but UK firms with international outlook remain more optimistic - Lloyds Business Barometer
Long-delayed defence spending plan with £5B for drones to be published -- BBC
Scottish Power Calls On Regulator To Securitise Bad UK Energy Debts - FT
France:
Jordan Bardella allies plan to soften Marine Le Pen's pension promise -- Politico
Central Banks:
Trade:
EU and China seek to head off trade war with new dialogue -- Politico
Top company news
Earnings/updates
MAERSK.B.DC (Maersk) -- guides FY26 EBIT $2B-$4B vs prior guidance ($1.5B)-$1.0B and FactSet $779.9M [22 est, ($2.60)-2.62B]
MOWI.NO (Mowi) -- to sell 9k GWT salmon farming operations in Canada East to Cooke Inc. for C$225M (~€140M)
BOOZT.SS (Boozt Fashion) -- reports preliminary Q2 ad EBIT margin 6.5% vs year-ago 3.5%; raises FY guidance
MUX.GR (Mutares SE & Co KGaA) -- announces Bafin completes audit of the Financial Statements 2023
M&A
CRI.FP (Compagnie Chargeurs Invest) -- acquires Harwanne Capital Management for an undisclosed sum
GIMB.BB (Gimv) -- sells its stake in AlpenBlu Clinics to Impact Healthcare; terms undisclosed
BVI.FP (Bureau Veritas) -- to sell Oil & Petrochemicals and Coal Testing and Inspection business for EV of €470M
MUX.GR (Mutares) -- Amaneos completes acquisition of European Automotive Lighting Business from Magna
MOH.GA (Motor Oil (Hellas) Corinth Refineries) -- Aktor submits an expression of interest for the acquisition of a 75% stake in HELECTOR and THALIS E.S.; enter into exclusive negotiations with Motor Oil
DTE.GR (Deutsche Telekom) -- CEO Timotheus Höttges pushing to unite company with T-Mobile US - Handelsblatt
MOWI.NO (Mowi) -- to sell 9k GWT salmon farming operations in Canada East to Cooke Inc. for C$225M (~€140M)
EQT.SS (EQT) -- completes acquisition of 100% stake in DOUZONE BIZON ( 012510.KS)
ZAL.NO (Zalaris) -- announces acceptances received under the mandatory offer by Kona BidCo as to acquire all shares of the company
Healthcare
ABBV.SW (AbbVie) -- announces Phase 3 results met primary endpoint for epcoritamab plus lenalidomide in patients with relapsed or refractory diffuse large B-cell lymphoma
SAN.FP (Sanofi) -- Sanofi's Nexviazyme met all primary and secondary endpoints in infantile-onset Pompe disease phase 3 study
ROP.SW (Roche Holding) -- announces FDA has accepted and granted priority review to supplemental Biologics License Application for Enspryng (satralizumab) for the treatment of thyroid eye disease
ARQT (Arcutis Biotherapeutics) -- FDA approves Arcutis Biotherapeutics' sNDA to expand indication for ZORYVE (roflumilast) cream 0.3% for topical treatment of plaque psoriasis including intertriginous areas to children down to age 2
ABVX.FP (Abivax) -- reports ABTECT maintenance Part 2 results for Obefazimod
DBV.FP (DBV Technologies) -- provides BLA submission update for the VIASKIN peanut patch in children aged 4 through 7 years; working collaboratively with FDA to Optimize review process in preparation for filing; conf. call today at 17:00 ET
BIM.FP (bioMerieux) -- submits 510(k) to FDA for the latest versions of the BIOFIRE FILMARRAY gastrointestinal panels
NYXH.BB (Nyxoah) -- Transcript Intelligence: Nyxoah Non Deal Roadshow
ORNBV.FH (Orion) -- Pharma announces agreement with Shilpa Medicare for nivolumab biosimilar for European market
IBAB.BB (Ion Beam Applications) -- wins contract for two IBA ProteusONE solutions on Portugal
Other
+INFRA.SW (Infracore SA) -- launches IPO on SIX Swiss Exchange at fixed price of CHF 54.00/sh; first trading day is expected to be on or around 9-Jul-26
CRNO.B.SS (Cereno Scientific) -- carries out directed share issue of SEK 60M at a premium to the latest closing price
HAFNI.NO (Hafnia) -- announces planned CEO succession; Mikael Skov to step down effective 1-Sep-26; Søren Steenberg Jensen appointed to succeed Skov
DEC.FP (JCDecaux) -- renews Heathrow advertising contract for 8 years
PRS.SM (Promotora de Informaciones) -- shareholders approve proposed reverse stock split; split to become effective on 10-Jul
KTN.GR (Kontron) -- wins major infrastructure contract in Belgium in the double-digit million range
ELUX.B.SS (Electrolux) -- Group submits claims related to refund of IEEPA tariffs of ~$88M
1COV.GR (Covestro) -- plans to invest in new world-scale MDI train in China and starts UAE feasibility study
ISP.IM (Intesa Sanpaolo) -- to launch €2.3B share buyback program on 6-July
VK.FP (Vallourec) -- awarded major contract by AZULE energy for the greater PAJ offshore development in Angola
Key rating changes
Upgrades
ASKER.SS (Asker Healthcare Group) -- to buy from hold at SEB
ASML.NA (ASML Holding) -- to buy from hold at Degroof
YAR.NO (Yara International) -- to buy from hold at ABG Sundal Collier
Downgrades
SOBI.SS (Swedish Orphan Biovitrum) -- to hold from buy at Pareto
EZJ.LN (EasyJet) -- to neutral from buy at Citi; to neutral from buy at UBS; to sector perform from outperform at RBC Capital Markets
ACS.SM (ACS SA) -- to hold from buy at Bestinver Securities
MNDI.LN (Mondi) -- to neutral from buy at UBS
ESSITY.B.SS (Essity) -- to sell from hold at Sparebank 1 Markets
G.IM (Assicurazioni Generali) -- to market perform from outperform at Keefe, Bruyette & Woods
ALIF.B.SS (AddLife) -- to hold from buy at SEB
BRAV.SS (Bravida Holding) -- to hold from buy at Handelsbanken
Austevoll Seafood (AUSS.NO NOK80.80) downgraded to hold from buy; target cut to NOK89 from NOK103, 10% upside (FactSet average target NOK103.50; range NOK95-115)
LSG.NO (Lerøy Seafood Group) -- to hold from buy at Pareto
MAS.NO (Måsøval) -- to hold from buy at Pareto
MOWI.NO (Mowi) -- to hold from buy at Pareto
SALM.NO (Salmar) -- to hold from buy at Pareto
Initiations
HFG.LN (Hilton Food Group) -- hold at Kepler Cheuvreux
WRT1V.FH (Wartsila) -- buy at Sparebank 1 Markets
ALFA.SS (Alfa Laval) -- neutral at Sparebank 1 Markets
Data:
Nikkei +1.49% to 70500.81
Hang Seng (1.17%) to 22756.72
Shanghai Composite +0.12% to 4078.73
S&P futures +7.8 vs prior close of 7500.3
€-$ (0.0036) or (0.32%) to 1.1387
$-¥ +0.35 or +0.21% to 162.29
€-¥ (0.23) or (0.12%) to 184.75
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