EU Movers: SGRO +15.5%
Select European stocks are moving in morning trading, with Segro rising 15.5% after rejecting Prologis' offer and Rheinmetall falling 13.5% on reports of Germany canceling a frigate program
Upside - Segro [SGRO.UK] +15.5% (rejected Prologis offer) - ASML [ASML.NL] +1.5% (Cerebras earnings) - Deutsche Post [DPW.DE] +1.0% (FedEx results) - Givaudan [GIVN.CH] +1.5% (analyst upgrade) Downside - Rheinmetall [RHM.DE] -13.5% (US Senate votes to limit Trump's war powers in Iran; Germany is reportedly moving to cancel the delayed F126 frigate program and instead buy eight smaller MEKO A-200 frigates from TKMS) - Shell [SHEL.UK] -0.5% (oil prices lower)