EUROPEAN OPEN: E& sells VOD LN stake for USD 5.95bln; BAYN GY gets EUR 3bln from APO; EZJ LN agrees GBP 5.7bln APO takeover; US pauses aircraft tariffs pending trade talks; IFX GY raises prices, warns on chip allocation; VOW3 GY to halve model line-up
Newsquawk ·
EUROPEAN OPEN: European equities have opened higher; still, on the week, futures of the broad Stoxx 600 and the narrower Euro Stoxx 50 are on course to snap last week’s upside. Overnight, APAC equities rose on renewed optimism over AI demand following the tech-led gains Stateside on Thursday. The Japanese yen strengthened after remarks from Japan’s FinMin, who urged pension funds to invest more in Japanese assets. Still, Bloomberg notes that traders questioned whether JPY gains can last without any firm allocation changes, stronger BoJ tightening or fiscal restraint. China’s yuan strengthened after the PBoC set its daily fixing at 6.7989, below 6.80 for the first time since 2023. Crude futures trades slightly higher, with Brent above USD 76/bbl and WTI above USD 72/bbl as US-Iran technical talks continued despite renewed strikes by both sides and substantially reduced Hormuz traffic. President Trump said the interim deal was over, though it has not yet been formally scrapped, with some
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