Stock Movers ASML Up, Easyjet Slumps, Monte Dei Paschi Drama
Apr 16, 2026
Chloe Millet, Bloomberg reporter covering European markets, gives market color on ASML’s rally tied to chip optimism. She also breaks down EasyJet’s sharp fall after a first-half loss warning and fuel-supply worries from Iran conflict. Plus a tense Monte dei Paschi boardroom showdown over leadership and strategy.
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TSMC Outlook Fuels ASML Rally
- TSMC's upbeat outlook lifts ASML and the broader chip sector due to strong AI-driven demand for semiconductors.
- TSMC raised revenue guidance and signalled capex at the upper end, easing concerns about data centre energy costs and boosting ASML which gets ~17% revenue from TSMC.
Iran Conflict Pressures European Airlines
- The Iran war is triggering higher fuel costs and flight disruptions that are materially hurting European airlines' near-term results.
- EasyJet warned of a first-half loss and cited a £25m March fuel cost hit, dragging down peers like Ryanair and TUI ahead of summer demand.
Jet Fuel Supplies Face A Seasonal Risk
- Fuel supply uncertainty could force higher fares or capacity shortfalls if disruptions persist into the summer.
- Ryanair said jet fuel shipments are secure only until mid-May and warned continued Strait of Hormuz closures could cause shortages in May–June.