The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.
0817 GMT - Shares of European semiconductor companies are in the red after President Trump left China without announcing any major tech deals. The president had brought along a delegation of CEOs like Nvidia's Jensen Huang, Apple's Tim Cook and Tesla's Elon Musk to the summit and investors had expected updates on Nvidia's sales in China or other tech deals. U.S. Trade Representative Jamieson Greer said in an interview with Bloomberg TV that Nvidia and semiconductors weren't front and center during the summit. Shares of STMicroelectronics--which supplies Apple, Tesla and SpaceX--are down 4.4%. Shares of German chip maker Infineon Technologies are down 5.9%. Shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are down 4.5% and 3.9%, respectively. (mauro.orru@wsj.com)
0813 GMT - Banijay's earnings should increase in 2026, Deutsche Bank's Annabel Hames writes in a note. The French content production and gambling group's revenue and adjusted Ebitda are expected to see a double-digit percentage increase for 2026, according to the bank's estimates. The results include the acquisition of German sports-betting company Tipico Group, the analyst says. However, adjusted fully diluted earnings per share are likely to decline by a mid-single digit percentage due to higher interest costs and non-controlling interest, she says. Shares are up 4.1% at 9.56 euros. ( najat.kantouar@wsj.com)
0757 GMT - Tata Motors Passenger Vehicles' Jaguar Land Rover unit likely faces concerns about the sustainability of its margins despite strong fiscal 4Q results, say Citi analysts Arvind Sharma and Sanchit Chandna in a note. This comes as hedging gains were the key driver of the business's 4Q Ebitda margin beating estimates, they say. They cut their FY 2027-FY 2028 Ebitda projections by 12%-14% and trim their target enterprise-value-to-Ebitda multiple to 1.5X from 1.8X. Tata's India passenger vehicle business could see cost pressures, say the analysts, who trim their estimated EV/Ebitda multiples for this segment to 17X from 18X. Citi lowers the target price to 330.00 rupees from 345.00 rupees but retains its sell rating. Shares rise 6.8% to 361.95 rupees. (megan.cheah@wsj.com)
0747 GMT - European energy stocks trade higher early Friday as oil prices climb on fears of prolonged disruption to energy markets. President Trump's claim that he doesn't need the Strait of Hormuz reopened comes as energy inventories continue to tighten and markets are on edge, MUFG's Soojin Kim writes. Brent futures rise 1.4% to $107.22 a barrel, while WTI trades 1.8% up to $98.63 a barrel. Norway's Equinor moves 2.4% higher. In London, BP rises 1.1% and Shell 0.5%. Spain's Repsol is up 0.7% and France's TotalEnergies is up 0.45%.(adam.whittaker@wsj.com)
0740 GMT - Fraport reported weak passenger-traffic data for April as expected, with Lufthansa strikes and Middle East disruptions hitting its core Frankfurt Airport, Jefferies analysts say. The German airport operator said passenger traffic at Frankfurt Airport fell 11% on year in April after a 2.1% rise in March, in line with its guidance of a double-digit decline. Lufthansa strikes exacerbated Middle East disruptions at Frankfurt Airport, and the group's international operations delivered a mixed performance due to the timing of Easter, the analysts say. While Fraport faces near-term headwinds, higher pricing and lower investments make its valuation attractive, according to Jefferies. Shares trade 0.2% lower. (adria.calatayud@wsj.com)
0732 GMT - London's miners slide in opening trade as silver and gold prices fall. The share slide is most pronounced among the precious metal miners, with Fresnillo and Hochschild Mining both trading down around 5.6%. Peer Endeavour Mining falls 3.4%. Silver futures are down nearly 8% to $78.66 an ounce while gold falls 2.3% to $4,573.8 a troy ounce. This comes as traders bet U.S. interest rates will stay higher for longer after strong U.S. inflation data. Higher rates typically hurt non-yielding assets like silver and gold. Diversified miner Anglo American slides 3.9%. Commodities major Glencore is down 2.4%. (adam.whittaker@wsj.com)
0724 GMT - The main effect of the Middle East conflict on southern Europe banks' lending volumes and asset quality is still to come and Spain's Banco de Sabadell could take a bigger hit than its peers, Keefe, Bruyette & Woods's Hugo Cruz and Ben Maher say in a research note. Sabadell's recent trends look disappointing as its first-quarter report was its third quarterly update in a row of unexciting results, the analysts say. Sabadell should be more sensitive than its peers in Spain to a deterioration in asset quality due to its higher exposure to small-business lending and shouldn't benefit as much as peers from higher interest rates, they add. KBW cuts its recommendation on Sabadell stock to underperform from market perform, lowering its target price to 3.40 euros from 3.57 euros. Shares fall 1.4% to 3.27 euros. (adria.calatayud@wsj.com)
0724 GMT - European markets opened lower Friday, breaking a two-day winning streak, with mining stocks leading the charge on lower precious-metal prices. Silver and gold miner Fresnillo shares are down 5.3%, while Antofagasta and Anglo American shares are down 4.7% and 4.2%, respectively. The Europe-wide Stoxx 600 index is down 0.7%, while Germany's DAX is 0.7% lower. London's FTSE 100 index is down 0.6%, while France's CAC 40 is 0.6% lower. (ian.walker@wsj.com)
0720 GMT - BT Group's coming results are expected to be crucial for its shares, Berenberg analysts write in a note. The U.K. telecommunications company's fourth quarter will be significant "not so much for the numbers, but for management's comments on guidance and payout," they say. The German brokerage expects headline revenue to fall in the quarter, as the sale of the group's international businesses offsets a return to revenue growth in its consumer unit. Meanwhile, service revenue trends should show some improvement but to only a small decline, they add. The analysts project Ebitda to have grown by 1% and expect a 4% rise in BT's final dividend. Shares are down 1.1% at 2.32 pounds. (najat.kantouar@wsj.com)
0714 GMT - Syensqo's first-quarter print is a step forward, Bernstein's James Hooper says in a note. The Belgian chemicals company's adjusted Ebitda beat the company-compiled consensus, driven by better-than-expected margins in the two main operating divisions, Hooper says. "There is still work to do to achieve guidance, as the first quarter is a smaller quarter and the run rate needs to step up." Nevertheless, Syensqo's performance is encouraging, he adds. Shares trade 6.5% higher at 62.60 euros. (nina.kienle@wsj.com)
0658 GMT - Companies in Germany's DAX blue-chip index reported their highest earnings growth rate in more than two years, with a strong increase from the financial sector offsetting declines in autos and industrials, equity strategists at Deutsche Bank say in a research note. DAX companies posted a 5% rise in first-quarter earnings compared with the year-earlier period, according to Deutsche Bank. The financial sector delivered the best performance, with earnings up by a third, while industrials and autos experienced declines of 20% and 15%, respectively, the strategists say. While analysts are dialing down earnings expectations for the DAX due to the conflict in the Middle East, the consensus still projects an improvement in the second half driven in part by Germany's fiscal stimulus, the strategists add. (adria.calatayud@wsj.com)
0653 GMT - Nokia's guidance upgrade shows its data center switch business is gaining traction, Deutsche Bank analyst Robert Sanders writes. Nokia lifted its growth outlook in the Optical and IP unit to 18%-20% in 2026, from 10%-12%, mainly due to data-center switching. The upgrade is equivalent to an incremental 400 million euros of sales and compares to a total of 200 million euros of data center switching revenue last year. Nokia has become a real contender up against the likes of Arista and Cisco in a fast-growing portion of data center switching, Sanders adds. Switches manage the flow of data between servers, storage and cloud systems. The bank lifts its target price on the stock to 13.50 euros from 8.50 euros and keeps buy rating. Shares closed at 11.92 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 15, 2026 04:17 ET (08:17 GMT)
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