EU Morning Session: Green bars in morning trading

The Stoxx Europe 600 index rose 0.28%, while the Euro Stoxx 50 index rose 0.3%. Below are the biggest moves among Stoxx Europe 600 members that traded at least €10,000 worth of shares on Tradegate before the European market opened. The price change is from the last close of their main exchange.

• Banco BPM (BPM TH) +4.4%
• Credit Agricole increases stake in Banco BPM following UniCredit bid
• Monte Paschi (MPI0 TH) +3.7%
• Bayer (BAYN TH) +2.7%
• Bayer AG: SILAL and Bayer advance partnership on agricultural innovation with comprehensive Memorandum of Understanding
• Equinor (DNQ TH) +1.9%
• Equinor closes $2 billion deals to exit Nigeria and Azerbaijan
• Diageo (GUI TH) +1.4%
• Aena (A44 TH) +1.4%
• Campari (58H TH) +1.4%
• Publicis (PU4 TH) +1.2%
• WPP (0WP TH) +1.2%
• Zealand Pharma (22Z TH) +1.2%
• Telefonica (TNE5 TH) -1.5%
• UniCredit (CRIN TH) -1.5%
• Credit Agricole increases stake in Banco BPM after UniCredit bid
• NIBE Industrier (NJB TH) -1.5%
• Repsol (REP TH) -1.6%
• Cash flow efficiency key for oil majors, Equinor improved by JPMorgan
• Ryanair (RY4C TH) -1.9%
• Normalized capacity growth at European airlines raises return bets
• Freenet (FNTN TH) -2%
• Freenet down to Sell ​​by Goldman; PT €28.50
• STMicro (SGM TH) -2%
• STMicro downgraded to Neutral by JPMorgan; PT €30
• Vodafone (VODI TH) -2.3%
• Vodafone ADRs downgraded to Neutral by Goldman; PT $10.45
• EasyJet (EJT1 TH) -2.4%
• Kingfisher (KFI1 TH) -2.9%

European stocks, exposed in China, are expected to move today after the country’s top leaders pledged to be “moderately liberal” on monetary policy and be more “proactive” on fiscal measures.

China’s top politicians have changed their stance on monetary policy for the first time in about 14 years, pledging to adopt a “moderately liberal” strategy.
The Politburo also pledged to stabilize real estate and stock markets while boosting domestic demand “across the board.” In Hong Kong, the Hang Seng index rose more than 2% after the Politburo statement, erasing earlier declines; the Hang Seng Tech index jumped 3%.

The situation with BPM took a new turn after Credit Agricole increased its stake in Banco BPM to 15.1%, a move that Reuters said had the unofficial backing of the Italian government. CompuGroup is discussing a potential offer from CVC for 22 euros a share, a premium of more than 30% to Friday’s close.

What we’re tracking: Miners, including BHP, Rio Tinto, Anglo American.

Also watch luxury stocks LVMH, L’Oreal, Kering, Richemont and Hermes.
Automakers, including Mercedes, BMW, Volkswagen and Porsche.
Financial stocks, including Prudential, HSBC and Standard Chartered.
What we’re watching in the European M&A market today:

Deal News

ACA FP/BAMI IM: Credit Agricole increases stake in BPM after UniCredit takeover bid

UCG IM/BAMI IM: UniCredit says French bank’s increased stake in BPM ‘changes nothing’

ACA FP/BAMI IM: Italy gives Credit Agricole green light to increase stake in BPM: Reuters

COP GY: CVC in talks to acquire German software firm CompuGroup

ALV GR/AMUN FP: Allianz halts talks with Amundi over asset management control

NOVOB DC: Novo gets EU approval for deal to acquire Catalent plants

BOL SS: Boliden buys Lundin’s zinc and copper mines for up to $1.5 billion

TEN IM: Tenaris’ motion for CSN payment rejected by Brazilian court

IDR SM: Cinven, Evertec submit bid for Indra Payments: Confidential

EQNR NO: Equinor completes $2 billion exit deals Nigeria and Azerbaijan
Scor holds 91.68% of MRM Capital and voting rights: AMF filing
Navantia gets UK approval to bail out Titanic shipyard owner, Sky reports
IPO/Positions/Buybacks/Share News

Flowco files for IPO, seeks NYSE listing
BOO LN: Ashley calls for accountability at Boohoo in bid to join board
BOSS GY/FRAS LN: Frasers Group pushes for CEO to join Hugo Boss board: Times
Events
AGM/EGM: Vivendi
AGM: Bollore, Softcat
EGM: PKO Bank
Conferences: BE Semiconductor, Mercedes-Benz, Iberdrola, Fresenius