Daily Market and Sector Research Update

This report provides a daily synthesis covering FOMC expectations, energy sector shifts, European consumer products, and automotive guidance updates. It highlights a cautious Fed stance alongside specific corporate warnings from BMW.

Key Takeaways

• 1.The Fed is unlikely to hike rates despite oil shocks and inflation above 4% due to a balanced labor market.
• 2.BMW lowered FY2026 guidance due to China weakness and restructuring costs.
• 3.European datacenter capacity is expected to triple by 2031, impacting energy demand.

Table of Contents

• US ECONOMICS ANALYST - June FOMC Preview: Leadership Transition
• NATURAL GAS ANALYST - US-Iran Agreement Paves Way For European Storage Refill
• POWERING UP EUROPE - Booming Datacenter pipeline and AI spending boom - the pivotal role of energy
• EUROPE CONSUMER PRODUCTS - Fragrance's next growth wave: back to blockbusters
• BMW (BMWG.DE): BMW materially lowers FY26 guidance on China weakness and Europe restructuring; capital return policy unchanged
• Equinor (EQNR.OL) - CMD: $1bn capex step-up to accelerate prod gr, and Buyback upgrade. Remains Sell on negative long-term TTF view
• AMERICAS TECHNOLOGY - IT Spending Survey: AI momentum continues to build against a more muted broader outlook

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