Vincent Gallet

Friday on Wall Street: A Banner Session Driven by SpaceX IPO and Hopes for Hormuz

Ahead of the overnight announcement of an agreement between the United States and Iran to reopen the Strait of Hormuz, American equity indices closed last week with a banner session, dominated primarily by the historic initial public offering (IPO) of SpaceX. During Friday's trading, the Dow Jones Industrial Average finished with a gain of 0.70% at 51,202, the S&P 500 climbed 0.50% to 7,431, and the Nasdaq-100 rose 0.64% to 29,636.

June 15, 2026 at 01:10 am

Adobe Shares Tumble Following Quarterly Results and CFO Departure

Adobe shares fell 7.2% to $203 in early Wall Street trading, despite reporting second-quarter earnings and revenue on Thursday evening that exceeded expectations and prompted an upward revision of annual targets. However, certain developments failed to impress Jefferies, particularly the abrupt departure of the company's chief financial officer.

June 12, 2026 at 11:02 am

Crédit Agricole and ING Reportedly Interested in Belfius

Crédit Agricole shares rose 3% to €16.7 in Paris and ING climbed 3% to €25.8 in Amsterdam, following reports from L'Echo that both banking groups, along with Rabobank, have expressed interest in acquiring a stake in the Belgian state-owned bank Belfius.

June 12, 2026 at 09:59 am

ING Reduces Stake in TMBThanachart Bank

ING has announced a reduction of its stake in the Thai institution TMBThanachart Bank (TTB), lowering its shareholding from 23.1% to 19.5% (excluding treasury shares) by participating in TTB's latest share buyback program.

June 12, 2026 at 09:12 am

OVH Applauded for Negotiations to Acquire Gladia

OVH Groupe shares rose 3% to €15.5, slightly outperforming the broader market in Paris (+1.5% for the CAC 40), following the cloud services provider's announcement of exclusive negotiations to acquire Gladia, an expert in AI speech-to-text (STT) technology.

June 12, 2026 at 08:52 am

Renault launches cleveR insights with Software Republique partners

Renault has announced its participation in cleveR insights, a pioneering system for capturing and analyzing territorial data within the framework of Software Republique, an alliance formed five years ago with Atos, Dassault Systemes, JCDecaux, STMicroelectronics, and Thales.

June 12, 2026 at 08:12 am

Spain: Inflation Holds Steady at 3.2% in May

The annual rate of change for Spain's Consumer Price Index (CPI) stood at 3.2% for May 2026, matching the level recorded in April, according to the National Statistics Institute (INE).

June 12, 2026 at 07:30 am

Lennar Dragged Down by Sluggish U.S. Housing Market in Second Quarter

Lennar Corp reported Thursday evening an adjusted EPS of $1.31 for its second quarter of 2025-26, a 31% decline that missed consensus estimates, alongside operating profit of $489m for its homebuilding operations.

June 12, 2026 at 07:09 am

Barclays aims to attract younger customers with GoHenry acquisition

Barclays has announced an agreement to acquire GoHenry, a company catering to customers aged 6 to 18, from Acorns Grow. The transaction is expected to close in the fourth quarter of 2026, subject to certain regulatory approvals and other customary conditions.

June 12, 2026 at 06:34 am

Novartis Reports Positive Phase III Data in Urticaria

At the European Academy of Allergy and Clinical Immunology (EAACI) Congress, Novartis presented data from the Phase III RemIND trial showing that Rhapsido (remibrutinib) has potential as the first targeted therapy for chronic inducible urticaria (CIndU).

June 12, 2026 at 06:17 am

Donald Trump and SpaceX Fuel Rally Across European Markets

European stock markets are showing clear signs of enthusiasm this Friday, driven by renewed hopes of a Middle East agreement following optimistic remarks from Donald Trump, as well as the prospect of SpaceX's historic IPO in the United States, due to take place in just a few hours from now.

June 12, 2026 at 05:00 am

Donald Trump and SpaceX Fuel Rally Across European Markets

European stock markets are showing clear signs of enthusiasm this Friday, driven by renewed hopes for a Middle East agreement following optimistic remarks from Donald Trump, as well as the prospect of a historic SpaceX IPO in the United States, scheduled for just a few hours from now.

June 12, 2026 at 04:37 am

Oddo BHF Raises Price Target for CaixaBank

Oddo BHF has reaffirmed its 'outperform' rating on CaixaBank, raising its price target from €13.1 to €13.8. This new target implies a potential upside of approximately 20% for the Spanish bank's shares, compared to less than 10% for the broader sector under the firm's coverage.

June 12, 2026 at 03:34 am

Adyen Acquires American Firm Orb

Adyen shares rose 2.7% to €806 in Amsterdam following the announcement of a definitive agreement to acquire the enterprise billing platform Orb for a total consideration of $335m, which the group will finance entirely from its available cash reserves.

June 12, 2026 at 03:19 am

France: Annual Inflation Confirmed at +2.4% in May

Consumer prices in France rose by 2.4% year on year in May 2026, marking an acceleration in inflation from the +2.2% recorded in April, according to INSEE, which confirmed its preliminary estimate for last month in a second reading.

June 12, 2026 at 02:57 am

Yesterday on Wall Street: Unbridled Euphoria on Renewed Hopes for Middle East Accord

A session that began under rather mediocre auspices ended in unbridled euphoria, with the Nasdaq-100 surging +3.29% to 29,446, the S&P 500 rising +1.75% to 7,394, the Dow Jones gaining +1.86% to 50,849, and a thundering +3% jump for the Russell 2000 to 2,920.

June 12, 2026 at 02:28 am

ABL Diagnostics Secures Multi-Year Contract with CDL Pharma

ABL Diagnostics has announced the signing of a multi-year contract with a European pharmaceutical company specializing in neurodegenerative diseases. The agreement covers services operated by CDL Pharma and distributed by ABL Diagnostics as part of a clinical program involving 30 centers across 11 countries in North America, Europe, and Asia.

June 12, 2026 at 02:27 am

United Kingdom: Industrial Production Stagnates in April

Following a 0.2% decline in March and a 0.3% increase in February, British industrial production remained flat on a sequential basis in April 2026, according to the Office for National Statistics (ONS).

June 12, 2026 at 02:12 am

Novo Nordisk Reports IT Security Breach

Novo Nordisk has announced the identification of an IT security incident involving unauthorized access to a limited number of internal computer systems. The company has launched an investigation into the matter with the assistance of external cybersecurity experts and remains in contact with the relevant authorities.

June 12, 2026 at 01:50 am

Oeneo annual profits weighed down by sector headwinds

Oeneo has reported a 9.9% decline in group net profit to €26.8m for its 2025-2026 fiscal year (ending in March), alongside a 16.9% drop in recurring operating profit to €37.8m, representing a recurring operating margin of 13.7%.

June 12, 2026 at 01:35 am

Abivax, Ipsen, and Soitec to Join the CAC Next 20

Following its quarterly review of the CAC 40 index family, Euronext has announced the inclusion of pharmaceutical laboratories Abivax and Ipsen, along with semiconductor materials supplier Soitec, in its CAC Next 20 and CAC Large 60 indices.

June 12, 2026 at 01:17 am