ASML Up, Easyjet Slumps, Monte Dei Paschi Drama | Stock Movers

Why It Matters

Strong chip earnings buoy the broader AI supply chain, while airline profit warnings and governance turmoil at Monte dei Paschi highlight sector‑specific risks that investors must navigate.

Key Takeaways

• TSMC beats forecasts, boosting confidence in AI chip demand.
• ASML shares rise as TSMC outlook fuels sector optimism.
• EasyJet warns of significant first‑half loss due to fuel costs.
• Jet fuel supply risks linger amid Strait of Hormuz tensions.
• Monte dei Paschi shareholders re‑elect CEO, prolonging boardroom clash.

Summary

The Bloomberg Stock Movers roundup highlighted three distinct stories shaping European markets: a surge in semiconductor optimism driven by TSMC’s robust earnings, mounting pressure on airlines from soaring fuel costs, and a contentious boardroom battle at Italy’s historic bank Monte dei Paschi.

TSMC reported higher‑than‑expected revenue and profit, confirming upper‑range capital‑spending guidance and underscoring resilient demand for AI‑focused chips. Because roughly 17% of ASML’s sales come from TSMC, the Dutch lithography giant saw its shares climb despite a modest dip after its own guidance was already priced in.

Conversely, EasyJet disclosed a sizable first‑half loss, citing an extra £25 million in March fuel expenses and the broader uncertainty of the Middle‑East conflict. While the CEO downplayed immediate jet‑fuel shortages, analysts warned that continued tension in the Strait of Hormuz could jeopardize supply and force higher fares during the crucial summer travel season.

In Milan, shareholders narrowly re‑elected CEO Luigi Lovaglio after the outgoing board attempted to oust him, keeping the power struggle over the bank’s recent acquisitions and insurance stake alive. The vote’s closeness signals ongoing governance risk that could weigh on the bank’s valuation.

Original Description

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Active Stoxx Europe 600 futures climb 0.2%, while Euro Stoxx 50 futures advance 0.3%. Below are the biggest movers among Stoxx Europe 600 members that traded with at least 10,000 euros worth of shares on Tradegate before the European market open.

- EasyJet shares fell the most in almost four years after the UK budget airline warned of a loss in the first half year, caused by the disruption from the Iran war.

- Banca Monte dei Paschi di Siena investors backed another term for ousted Chief Executive Officer Luigi Lovaglio, marking a triumphant victory for the veteran leader after the board tried to get rid of him.

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Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

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ASML Up, Easyjet Slumps, Monte Dei Paschi Drama