Siemens and Grifols on the mend... Inwit loses signal.

Oil majors are retreating on lower crude prices, while Nordic banks trade ex-dividend. Grifols shows tangible signs of deleveraging and Siemens secures a new partner. Inwit loses its contract with Fastweb, a Swisscom subsidiary.

Gainers:

Nanobiotix (+10%): according to La Lettre, Johnson & Johnson is reportedly considering a takeover of the French biotech firm, for which it is already a development partner. 

Grifols (+6%): the Spanish blood plasma specialist is surging following the announcement of an IPO for a minority stake in its U.S. biopharmaceutical division. The market views this move as a concrete signal of deleveraging for a group burdened by an estimated net debt of approximately 8.000 millones EUR.

Siemens (+4%): the stock is advancing significantly following the announcement of a partnership between Clean Power Hydrogen and Siemens PLC. Under the agreement, the German conglomerate will provide technical and operational support to accelerate the industrial production of its partner's membrane-free electrolysis technology.

SIG Group (+4%): the Swiss packaging and container company is climbing after UBS upgraded its rating from Neutral to Buy. The analyst expressed confidence by raising the price target from 12.50 CHF to 15 CHF.

ASM International (+3%): the semiconductor specialist is gaining ground as AlphaValue upwardly revised its revenue forecasts for the 2026-2028 period. This renewed optimism is based on expectations of a recovery in Chinese operations and a sharp rebound in the order book.

Decliners:

Swedbank (-8%): the bank is trading ex-dividend today at 29.8 SEK per share, including a 9.35 SEK special dividend. Nordea and Enskilda (-4%) are also trading lower for the same reason. The market is pricing in a significant cash outflow from the companies' balance sheets.

RS Group (-5%): the British industrial components supplier has lowered its guidance. The group now expects organic growth to decline by 0.6% for the fiscal year ending March 31.

Maurel (-4%): following news of the partial reopening of the Strait of Hormuz, oil stocks are falling in tandem with crude prices. Var Energi, Ithaca, Harbour, and Equinor are all down 2% this morning.

Inwit (-4%): the Italian telecoms infrastructure specialist is suffering from Swisscom's announcement. Its subsidiary Fastweb, in partnership with Vodafone, will terminate its service contract with Inwit. The decision was justified by infrastructure rental costs deemed to be above market rates.