European Movers: Safran +3.8% Michelin +2.7% Merck KGaA +1.9% Pirelli +1.7% ASML +0.8% Saab -4.5% Deutsche Telekom -2.3%
(EU) Select European Premarket Movers Upside - Stora Enso [STERV.FI] +5.0% (results) - Signify [LIGHT.NL] +3.0-3.5% (results) - IMCD [IMCD.NL] +2.5-3.0% (results) - Siemens Healthineers [SHL.DE] +2.0-2.5% (analyst upgrade) - Sonova [SOON.CH] +1.5-2.0% (analyst upgrade)
Capesize have rebounded last couple of days: Capesize index: 15,307 (+945) Capesize FFAs +1%, smaller vessels -1%. $NMM $SBLK $BDRY $HSHP $GOGL $GNK $PANL $SB $SHIP



European shipping stocks experienced robust gains amid a broader global market rebound following softer comments from former U.S. President Donald Trump. Key shipping sectors showed notable increases, with container shipping rising by 5%, tankers by 2-5%, dry bulk by 3-5%, and car carriers by 5%. Major shipping companies such as Maersk and ZIM saw their shares rise by 5%, with ZIM advancing pre-market on increased volume. The Capesize index, a key indicator for dry bulk shipping, rebounded to 15,307 points, up 945 points, while Capesize Forward Freight Agreements (FFAs) increased by 1%. European market movers also included industrial and technology firms reporting positive results and analyst upgrades. Notable stock performances included GOGL up 7% following a merger announcement, HAUTO up 6% after a Pareto upgrade, STMicroelectronics rising 3-3.6% on results, and Siemens Healthineers gaining 2-2.5% due to analyst upgrades. Other companies with gains included Adidas, Belimo, Stora Enso, Safran, and Michelin. Conversely, some firms like LVMH, Unilever, BNP, Kering, Saab, and Deutsche Telekom experienced declines. The shipping sector's strength is partly attributed to potential easing of China-U.S. tariffs, which could alleviate port congestion and boost export volumes.