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STOXX 600 Falls, Heineken Up, Signify Drops, Fed Hike Expected

6/23/2026

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Story summary
  • STOXX 600 opened down 0.89% at 633.61 points.
  • Asian equities fell sharply as South Korea's Kospi plunged nearly 10%.
  • Traders expect a 50-basis-point Federal Reserve (Fed) hike by year-end and a 25-basis-point ECB increase later this year, per CME FedWatch and LSEG data.
  • Signify fell 15.6% after announcing a target 10% adjusted EBITA margin by 2029.
  • Heineken shares rose 6% after naming Rafael Oliveira CEO, replacing Dolf van den Brink.