>>> US After Hours Summary: BHF +8.4% higher on WSJ report that Aquarian in talk

After Hours Summary: BHF +8.4% higher on WSJ report that Aquarian in talks to acquire BHF; VCTR +5.2% to join S&P SmallCap 600; HWC -1.6%, JBHT -1.2% lower on earnings

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: PNFP +1.6%, OMC +1%, FULT +0.3%

Companies trading higher in after hours in reaction to news: BHF +8.4% (Aquarian in talks to acquire BHF, according to WSJ), GPN +5.4% (Elliott Mgmt builds stake in wake of Worldpay deal, according to FT.com), VCTR +5.2% (to join S&P SmallCap 600), TLS +2.2% (Xacta achieves FedRAMPauthorization at highest level), JBSS +1.9% (declares $0.60/sh special dividend), NYMT +1.5% (acquires the remaining 50% ownership interest in Constructive Loans), BDX +0.9% (issues voluntary recall notice), DOV +0.5% (partnership with Bottomline), AMCR +0.4% (files mixed securities shelf offering), KBDC +0.1% (invests in SG Credit Partners), CYH +0.1% (CMS proposes new rules for hospital payments)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: KMTS -2.4%, HWC -1.6%, JBHT -1.2%

Companies trading lower in after hours in reaction to news: HPP -6.2% (stock offering by selling shareholders), KALV -4.4% (UK MHRA approves EKTERLY), AVAV -1.6% (to join S&P MidCap 400), POWL -0.5% (to acquire Remsdaq), CACI -0.2% (chairman passes away; names new chair), FARO -0.2% (FARO shareholders approve acquisition by AME), FTI -0.1% (awarded a significant contract by Equinor), AXL -0.1% (shareholders approve proposed combination)

FT : Donald Trump asked Volodymyr Zelenskyy if Ukraine could hit Moscow, say peo

Donald Trump asked Volodymyr Zelenskyy if Ukraine could hit Moscow, say people briefed on call
US president encouraged Ukrainian leader to step up deep strikes on Russia

Donald Trump has privately encouraged Ukraine to step up deep strikes on Russian territory, even asking Volodymyr Zelenskyy whether he could strike Moscow if the US provided long-range weapons, according to people briefed on the discussions.

The conversation, which took place during the July 4 call between the US and Ukrainian leaders, marks a sharp departure from Trump’s previous stance on Russia’s war and his campaign promise to end US involvement in foreign conflicts.

While it remains unclear whether Washington will deliver such weapons, the discussion underscores Trump’s deepening frustration with Russian President Vladimir Putin’s refusal to engage in ceasefire talks proposed by the US president, who once vowed to resolve the war in a day.

The conversation with Zelenskyy on July 4 was precipitated by Trump’s call with Putin a day earlier, which the US president described as “bad”.

Two people familiar with the conversation between Trump and Zelenskyy said the US president had asked his Ukrainian counterpart whether he could hit military targets deep inside Russia if he provided weapons capable of doing so.

“Volodymyr, can you hit Moscow? . . . Can you hit St Petersburg too?” Trump asked on the call, according to the people.

They said Zelenskyy replied: “Absolutely. We can if you give us the weapons.” 

Trump signalled his backing for the idea, describing the strategy as intended to “make them [Russians] feel the pain” and force the Kremlin to the negotiating table, according to the two people briefed on the call.

A western official, who had been informed of the call, said the conversation reflected a growing desire among Ukraine’s western partners to supply long-range weapons capable of “bringing the war to Muscovites” — a sentiment echoed privately by American officials in recent weeks.

The White House and Ukraine’s presidential office did not respond to requests for comment.

The discussion between Trump and Zelenskyy led to a list of potential weapons for Kyiv being shared by the US side with the Ukrainian president in Rome last week, according to three people with knowledge of it.

During a meeting with US defence officials and intermediaries from Nato governments, Zelenskyy received a list of long-range strike systems that potentially could be made available to Ukraine via third-party transfers.

The arrangement would allow Trump to circumvent the current congressional freeze on direct US military aid by authorising weapons sales to European allies, who would then pass the systems on to Kyiv.

The Ukrainians had asked for Tomahawk missiles, precision strike cruise missiles with a range of around 1,600km. But the Trump administration — like the Biden administration — had concerns about Ukraine’s lack of restraint, said a person familiar with the list shared with Zelenskyy.

During a meeting in the Oval Office with Nato secretary-general Mark Rutte on Monday, Trump announced a plan to provide Ukraine with Patriot air defence systems and interceptor missiles but did not disclose any shipments of other weapons systems.

The US president said he was “very unhappy” with Russia and its president over the lack of progress towards a deal to end its war. “I’m disappointed in President [Vladimir] Putin, because I thought we would have had a deal two months ago.”

Dmitry Medvedev, deputy chair of Russia’s security council and a former stand-in president for Putin, shrugged off Trump’s decision. “Trump issued a theatrical ultimatum to the Kremlin . . . Russia didn’t care,” Medvedev wrote on X.

Two of the people briefed on the call between Trump and Zelenskyy and familiar with US-Ukraine discussions on military strategy said that one weapon discussed was the Army Tactical Missile System, or Atacms.

Ukraine has used US-supplied Atacms missiles with a range of up to 300km (186 miles) to strike targets in Russian-occupied territory and, in some cases, deeper inside Russia. The Atacms can be launched from HIMARS rocket systems that the Biden administration delivered to Ukraine. But they do not fly far enough to reach Moscow or St Petersburg.

Russia has repeatedly threatened to attack western targets in response to western supplies of advanced weaponry to Ukraine, but has yet to do so.

After Ukraine first used the Atacms system to strike military targets inside Russian sovereign territory last November, Putin said the war had “taken on elements of a global nature” and responded by test-firing the Oreshnik, an experimental intermediate-range missile, on the city of Dnipro.

The Russian president said Moscow was entitled to “use our weaponry against military facilities of countries that allow their weapons to be used against our facilities, and in the case the aggressive action escalates, we will respond just as decisively and symmetrically”.

Following the Atacms strikes, Russia also published an updated version of its nuclear doctrine that lowered the threshold for potential use. The changes could envision a Russian nuclear first strike against the US, UK and France — Nato’s three nuclear powers — in response to Ukraine’s strikes on Russia with weapons such as the Atacms and Storm Shadow missiles.

Washington has at times warned Ukraine off using them to strike deep inside Russia, but those constraints appear to be loosening now.

Ukraine has mostly used its own domestically-produced long-range drones to strike military targets deep inside Russia that help fuel its war machine.

Its most audacious attack came in early June, when Ukraine’s SBU security service launched swarms of suicide drones hidden inside prefabricated homes that it smuggled into Russia and attacked the country’s fleet of strategic bombers. The planes had been used in Moscow’s bombardments of Ukrainian cities throughout the war. At least 12 aircraft were heavily damaged or destroyed in what Kyiv dubbed Operation Spiderweb.

>>> Europe : Brokers Upgrades & Downgrades - 15th of July 2025 V3(++)

>>> Up
* Aviva PT Raised to 735 pence from 695 pence at JPMorgan (++)
* CVS Group Raised to Buy at Peel Hunt; PT 1,600 pence
* Evli Raised to Buy at Inderes; PT 21 euros
* Fresnillo PT Raised to 1,850 pence from 1,450 pence at JPMorgan
* Henkel Raised to Overweight at Barclays; PT 80 euros
* HF Sinclair Raised to Strong Buy at Raymond James; PT $54
* ING Raised to Overweight at Barclays; PT 24 euros
* Intershop Raised to Buy at UBS; PT 152 Swiss francs (++)
* Jardine Matheson Raised to Overweight at JPMorgan; PT $57
* Orsted Raised to Overweight at Morgan Stanley; PT 360 kroner
* Skanska PT Raised to 253 kronor at Morgan Stanley
* Warner Music Raised to Neutral at Rothschild & Co Redburn

>>> Down
* Accesso Technology Cut to Hold at Shore Capital
* Addnode Group AB Cut to Hold at DNB Carnegie; PT 125 kronor (++)
* ASML Cut to Hold at KBC Securities; PT 686 euros
* ASML Cut to Hold at KBC Securities; PT 686 euros
* BE Semiconductor Cut to Hold at KBC Securities
* CVR Energy Cut to Underperform at Raymond James
* D'Ieteren Cut to Neutral at Van Lanschot Kempen; PT 210 euros
* DoorDash Cut to Hold at Jefferies; PT $250
* Enphase Energy Cut to Neutral at JPMorgan; PT $37
* Essity Cut to Underweight at Barclays; PT 230 kronor
* F-Secure Cut to Hold at DNB Carnegie (++)
* Freeport Cut to Equal-Weight at Morgan Stanley; PT $54
* Fresnillo Cut to Underweight at Morgan Stanley; PT 920 pence
* Hexatronic Cut to Hold at SEB Equities; PT 22 kronor
* KBC Cut to Equal-Weight at Barclays (++)
* Kesko Cut to Reduce at OP Corporate Bank; PT 19 euros (++)
* L'Oreal Cut to Underweight at Barclays; PT 325 euros
* Note Cut to Hold at Pareto Securities; PT 210 kronor
* Poste Italiane Cut to Market Perform at KBW; PT 16.50 euros
* Puig Cut to Equal-Weight at Barclays; PT 21 euros
* Siltronic Cut to Neutral at Citi; PT 44 euros
* Soitec Cut to Sell at Citi; PT 40 euros
* SolarEdge Cut to Neutral at JPMorgan; PT $23
* Stolt-Nielsen Cut to Hold at Norne Securities; PT 330 kroner
* Teck Resources Cut to Equal-Weight at Morgan Stanley; PT C$60.25

>>> Initiation
* Amrize Rated New Overweight at JPMorgan; PT 45.42 Swiss francs
* Aviva Resumed Neutral at Citi; PT 623 pence
* Bank of Ireland Reinstated Buy at BofA; PT 14.60 euros (++)
* Boku Rated New Buy at Deutsche Bank; PT 320 pence (+)
* Diversified Energy Rated New Accumulate at Johnson Rice
* EnQuest Rated New Buy at Shore Capital
* Grab Holdings Rated New Buy at GF Securities; PT $5.71
* Heineken Holding Rated New Buy at Baptista Research (++)
* MFE Rated New Accumulate at Banca Akros (++)
* Pandora Rated New Sell at UBS; PT 950 kroner (++)
* Salmar Rated New Buy at Baptista Research; PT 524.80 kroner (++)
* Subsea 7 Rated New Buy at Baptista Research; PT 248.10 kroner (+)
* Swisscom Rated New Neutral at Intesa Sanpaolo (+)
* Watches of Switzerland Rated New Neutral at UBS; PT 400 pence (++)
* Yara Rated New Hold at Baptista Research; PT 412.70 kroner (+)

>>> Call
* Fresnillo Falls as Morgan Stanley Cuts on Share Price Rally (++)
* Orsted ‘Worth a Fresh Look,’ Morgan Stanley Raises to Overweight
* Soitec, Siltronic Both Cut at Citi, Face Continued Weakness

>>> Europe : Brokers Upgrades & Downgrades - 15th of July 2025 V2(+)

>>> Up
* CVS Group Raised to Buy at Peel Hunt; PT 1,600 pence
* Evli Raised to Buy at Inderes; PT 21 euros
* Fresnillo PT Raised to 1,850 pence from 1,450 pence at JPMorgan
* Henkel Raised to Overweight at Barclays; PT 80 euros
* HF Sinclair Raised to Strong Buy at Raymond James; PT $54
* ING Raised to Overweight at Barclays; PT 24 euros
* Jardine Matheson Raised to Overweight at JPMorgan; PT $57
* Orsted Raised to Overweight at Morgan Stanley; PT 360 kroner
* Skanska PT Raised to 253 kronor at Morgan Stanley
* Warner Music Raised to Neutral at Rothschild & Co Redburn

>>> Down
* Accesso Technology Cut to Hold at Shore Capital
* ASML Cut to Hold at KBC Securities; PT 686 euros
* ASML Cut to Hold at KBC Securities; PT 686 euros
* BE Semiconductor Cut to Hold at KBC Securities
* CVR Energy Cut to Underperform at Raymond James
* D'Ieteren Cut to Neutral at Van Lanschot Kempen; PT 210 euros
* DoorDash Cut to Hold at Jefferies; PT $250
* Enphase Energy Cut to Neutral at JPMorgan; PT $37
* Essity Cut to Underweight at Barclays; PT 230 kronor
* Freeport Cut to Equal-Weight at Morgan Stanley; PT $54
* Fresnillo Cut to Underweight at Morgan Stanley; PT 920 pence
* Hexatronic Cut to Hold at SEB Equities; PT 22 kronor
* L'Oreal Cut to Underweight at Barclays; PT 325 euros
* Note Cut to Hold at Pareto Securities; PT 210 kronor
* Poste Italiane Cut to Market Perform at KBW; PT 16.50 euros
* Puig Cut to Equal-Weight at Barclays; PT 21 euros
* Siltronic Cut to Neutral at Citi; PT 44 euros
* Soitec Cut to Sell at Citi; PT 40 euros
* SolarEdge Cut to Neutral at JPMorgan; PT $23
* Stolt-Nielsen Cut to Hold at Norne Securities; PT 330 kroner
* Teck Resources Cut to Equal-Weight at Morgan Stanley; PT C$60.25

>>> Initiation
* Amrize Rated New Overweight at JPMorgan; PT 45.42 Swiss francs
* Aviva Resumed Neutral at Citi; PT 623 pence
* Boku Rated New Buy at Deutsche Bank; PT 320 pence (+)
* Diversified Energy Rated New Accumulate at Johnson Rice
* EnQuest Rated New Buy at Shore Capital
* Grab Holdings Rated New Buy at GF Securities; PT $5.71
* Subsea 7 Rated New Buy at Baptista Research; PT 248.10 kroner (+)
* Swisscom Rated New Neutral at Intesa Sanpaolo (+)
* Yara Rated New Hold at Baptista Research; PT 412.70 kroner (+)

>>> Call
* Orsted ‘Worth a Fresh Look,’ Morgan Stanley Raises to Overweight
* Soitec, Siltronic Both Cut at Citi, Face Continued Weakness

>>> What to look at today - 15th of July 2025

Asian shares moved in a narrow range as traders awaited inflation data from the US to gauge the impact from President Donald Trump’s tariff war before adding to their portfolios. The MSCI Asia Pacific Index swung between small gains and losses, and shares in mainland China dipped 0.6%. While China’s economic growth beat estimates on strong exports, consumer demand at home remained weak. Equity-index futures for the US were flat, after rising as much as 0.4% when Nvidia Corp. said it plans to resume some chip sales to China. Treasuries and a gauge of the dollar were steady while Bitcoin slipped below the $120,000 level. Japan’s 10-year government bond yield climbed to its highest level since 2008 amid concerns about fiscal spending. Stocks globally have rallied from their slump in April, when wide-ranging tariffs were announced, to record high levels as investors speculate the levies won’t significantly harm the US economy and company earnings. That optimism faces a key test this week as investors read the US inflation print Tuesday, which will give clues on the impact from Trump’s tariffs and the direction for interest rates, and corporate reporting season kicks off. Traders are gearing up for results from big banks early on. While corporate America is bracing for its weakest earnings season since mid-2023, lower estimates could be easier for companies to beat. As US financial giants kick off earnings season Tuesday, strategists say subdued profit expectations are setting the stage for their sizzling run to continue. After months of seeing little inflation, the CPI probably experienced slightly faster growth in June as companies started to pass along higher costs of imported merchandise associated with tariffs. The options market is betting the S&P 500 will swing 0.6% in either direction after Tuesday’s CPI, based on the cost of at-the-money puts and calls, according to Citigroup Inc. That would be in-line with implied moves the past two months, though below an average realized swing of 0.9% over the last year. Meanwhile, China’s economic growth exceeded expectations in the second quarter, but strong exports to markets outside the US masked deepening pressure caused by weak consumer demand at home. The GDP deflator — a broad measure of prices across the economy — declined for the ninth consecutive quarter, extending the longest streak since the quarterly data began in 1993.  Separately, Nvidia plans to resume sales of its H20 artificial intelligence accelerator to China based on assurances from Washington that such shipments would be approved, a dramatic reversal from the earlier stance of Trump’s administration. US government officials have told Nvidia that they would green-light export licenses for the H20, the company said. The news is “obviously positive, not just for the company, but also the AI semiconductor supply chain, as well as China tech platforms that are building AI capabilities,” said Vey-Sern Ling, managing director of Union Bancaire Privee. “This is also a good development for US-China relations.” US After Hours ORGO -26.1%, MDXG -21% lower on CMS proposal; TTD +14.2% to join S&P 500; ALSN +12.3% on Maryland contract win.

Nikkei +0.32% Hang Seng +0.55% CSI -0.17% Shanghai -0.63% Shenzen -0.49%

Eur$ 1.1674 CNH 7.1782 CNY 7.1751 JPY 147.68 GBP 1.3429 CHF 0.7970 RUB 78.0515 TRY 40.2200 WTI$ 66.60 -0.54% Gold 3,360 +0.51% BTC 117,442 -2.24% ETH 3,360 +0.51%

S&P +0.31% Nasdaq +0.49% EuroStoxx +0.39% FTSE +0.19% Dax +0.31% SMI +0.34%

Macro :
- Japan, EU to Issue Joint Statement on Economic Alliance: Yomiuri
- EU Targets Boeing, US Cars and Bourbon With €72 Billion List
- Trump Threatens 100% Russia Tariffs, Vows Arms for Ukraine
- Xi Urges ‘New Model’ for China Urban Development in Rare Meeting
- Japan Bond Rout Touches New Pain Point as 10-Year Yield Rises
- France’s Government Risks Backlash With Stringent Budget Plan

Keep an eye on :
- ACLN SW : Accelleron Prelim 1H Revenue $608.0M
- AFRY SS : AFRY 2Q Operating Profit Misses Estimates
- AKRBP NO : Aker BP Narrows FY Avg Production Forecast
- BMW GY : BMW to Meet Investors as Weak China Sales Overshadow EV Strategy
- BA US : Boeing’s Triple China Deliveries Sign of Easing Trade Tensions
- BST IM : Banca CF+ CEO Open to Consider Offer for Banca Progetto: Sole
- 1211 HK : How BYD caught up with Tesla in the global EV race - FT --> +075%
- COP US : ConocoPhillips Seeks to Expand Oil Exploration in Alaskan Arctic
- DHG ID : Pandox, Eiendomsspar to Make Firm €1.4b Offer for Dalata Hotel
- DOCM SW : DocMorris Gets Cardlink Approval Extension Until Jan. 2027
- DOM SS : Dometic 2Q Ebit Beats Estimates
- ELISA FH : Elisa 2Q Comparable Ebitda Meets Estimates
- ERICB SS : Ericsson 2Q Net Sales Miss Estimates
- INDT SS : Indutrade 2Q Profit After Tax Misses Estimates
- KNDS : German Government to Weigh Investing in Tank Maker KNDS, BZ Says
- KTN GY : Kontron Gets Three-Digit Million Euro Contract With SNCF France
- MC FP : LVMH’s Loro Piana placed under court administration over alleged worker exploitation - FT
- MERY FP : Mercialys Buys Remaining Stake in Hyperthétis for €28M
- META US : Meta’s New Superintelligence Lab Is Discussing Major A.I. Strategy Changes
- MOWI NO : Mowi Prelim 2Q Ebit About EU189M, Est. EU172.5M
- NCCB SS : NCC 2Q Operating Profit Beats Estimates
- 7201 JP : Nissan Says It Will End Production at Oppama Plant in Japan
- NSKOG NO : Norske Skog 2Q Ebitda Beats Estimates
- NVDA US : Nvidia to Resume H20 AI Chip Sales to China in US Reversal
- PNDXB SS : Pandox, Eiendomsspar to Make Firm €1.4b Offer for Dalata Hotel
- PTSB ID : Permanent TSB Holder NatWest Group Offers 63.6m Shares
- RNO FP : Nissan Says It Will End Production at Oppama Plant in Japan
- SHOT SS : Scandic 2Q Net Sales Miss Estimates
- SOLB BB : Solvay Cuts FY Underlying Ebitda Forecast, Misses Estimates
- Starling Bank : Starling Bank Weighs New York Listing, FT Reports
- TSLA US : Tesla’s Long-Awaited India Debut Bets on Luxury Vehicle Buyers
- TSLA US : How BYD caught up with Tesla in the global EV race - FT
- THULE SS : Thule 2Q Net Sales Beat Estimates
- TOM2 NA : TomTom Narrows FY Revenue Forecast
- TTD US : Trade Desk Shares Jump as Company to Join S&P 500 Index
- VOLCARB SS : Volvo Car Takes $1.2 Billion Non-Cash Impairment Over Tariffs

>>> Europe : Brokers Upgrades & Downgrades - 15th of July 2025

>>> Up
* CVS Group Raised to Buy at Peel Hunt; PT 1,600 pence
* Evli Raised to Buy at Inderes; PT 21 euros
* Fresnillo PT Raised to 1,850 pence from 1,450 pence at JPMorgan
* Henkel Raised to Overweight at Barclays; PT 80 euros
* HF Sinclair Raised to Strong Buy at Raymond James; PT $54
* ING Raised to Overweight at Barclays; PT 24 euros
* Jardine Matheson Raised to Overweight at JPMorgan; PT $57
* Orsted Raised to Overweight at Morgan Stanley; PT 360 kroner
* Skanska PT Raised to 253 kronor at Morgan Stanley
* Warner Music Raised to Neutral at Rothschild & Co Redburn

>>> Down
* Accesso Technology Cut to Hold at Shore Capital
* ASML Cut to Hold at KBC Securities; PT 686 euros
* ASML Cut to Hold at KBC Securities; PT 686 euros
* BE Semiconductor Cut to Hold at KBC Securities
* CVR Energy Cut to Underperform at Raymond James
* D'Ieteren Cut to Neutral at Van Lanschot Kempen; PT 210 euros
* DoorDash Cut to Hold at Jefferies; PT $250
* Enphase Energy Cut to Neutral at JPMorgan; PT $37
* Essity Cut to Underweight at Barclays; PT 230 kronor
* Freeport Cut to Equal-Weight at Morgan Stanley; PT $54
* Fresnillo Cut to Underweight at Morgan Stanley; PT 920 pence
* Hexatronic Cut to Hold at SEB Equities; PT 22 kronor
* L'Oreal Cut to Underweight at Barclays; PT 325 euros
* Note Cut to Hold at Pareto Securities; PT 210 kronor
* Poste Italiane Cut to Market Perform at KBW; PT 16.50 euros
* Puig Cut to Equal-Weight at Barclays; PT 21 euros
* Siltronic Cut to Neutral at Citi; PT 44 euros
* Soitec Cut to Sell at Citi; PT 40 euros
* SolarEdge Cut to Neutral at JPMorgan; PT $23
* Stolt-Nielsen Cut to Hold at Norne Securities; PT 330 kroner
* Teck Resources Cut to Equal-Weight at Morgan Stanley; PT C$60.25

>>> Initiation
* Amrize Rated New Overweight at JPMorgan; PT 45.42 Swiss francs
* Aviva Resumed Neutral at Citi; PT 623 pence
* Diversified Energy Rated New Accumulate at Johnson Rice
* EnQuest Rated New Buy at Shore Capital
* Grab Holdings Rated New Buy at GF Securities; PT $5.71

>>> Call
* Orsted ‘Worth a Fresh Look,’ Morgan Stanley Raises to Overweight
* Soitec, Siltronic Both Cut at Citi, Face Continued Weakness

>>> Stoxx 600 Pre-Market Indications

  • Orsted (D2G TH) +3.1%
    • Orsted ‘Worth a Fresh Look,’ Morgan Stanley Raises to Overweight
  • Ericsson (ERCB TH) +3%
    • Ericsson 2Q Adjusted Ebit Beats Estimates
  • Redcare Pharmacy NV (RDC TH) +2.6%
    • DocMorris Wins Extension for CardLink Product Use in Germany
  • ASML (ASME TH) +1.6%
  • Rolls-Royce (RRU TH) +1.5%
  • Stellantis (8TI TH) +1.4%
  • Henkel (HEN3 TH) +1.1%
    • Henkel Raised to Overweight at Barclays; PT 80 euros
  • Rio Tinto (RIO1 TH) +1.1%
  • Amrize (J0J TH) +1%
    • Amrize Rated New Overweight at JPMorgan; PT 45.42 Swiss francs
  • Pandora (3P7 TH) -1.1%
    • NOTE: *PANDORA DEPUTY CHAIR FRIGAST WON’T STAND FOR RE-ELECTION AT AGM
  • L’Oreal (LOR TH) -1.4%
    • L’Oreal Cut to Underweight at Barclays; PT 325 euros

>>> TradeGate Pre-Market Indications

DAX:
  • Henkel (HEN3 TH) +1.2%
    • Henkel Raised to Overweight at Barclays; PT 80 euros
MDAX:
  • Redcare Pharmacy NV (RDC TH) +2.5%
    • DocMorris Gets Cardlink Approval Extension Until Jan. 2027
  • Aixtron (AIXA TH) +1.4%
  • RENK Group (R3NK TH) +1.2%
  • LEG Immobilien (LEG TH) +1.1%
SDAX:
  • Friedrich Vorwerk Group SE (VH2 TH) +4.4%
    • EQS-News: FRIEDRICH VORWERK wins a major contract for the realization of the energy transmission pipeline ETL 182 as part of a
  • Kontron (KTN TH) +3.7%
    • Kontron Gets Three-Digit Million Euro Contract With SNCF France
  • Energiekontor (EKT TH) +1.8%
  • Suedzucker (SZU TH) +1.2%
  • Siltronic (WAF TH) -2.6%
    • Siltronic Cut to Neutral at Citi; PT 44 euros