Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some of the stocks on
Speaker 1: the move today in Europe.
Speaker 3: I'm Rachel Evans with Caroline Hepka, and we're joined by Bloombergs Tea.
Speaker 1: We're at a biota. Thanks for joining us.
Speaker 3: Let's start with some moves for Equinor, coming hot on
Speaker 3: the heels of a new deal. Yes, well, there was
Speaker 3: discussion of a new deal for Equinor earlier this week.
Speaker 3: But also it is one of the biggest losers on
Speaker 3: the stock six hundred this morning, and that's actually tied
Speaker 3: to a fall in oil prices, and it's these sort
Speaker 3: of renewed hopes for an Iran deal. So it's down
Speaker 3: as much as eight point four percent this morning. That's
Speaker 3: as President Trump said recently that a deal to end
Speaker 3: the war in Iran could be signed as soon as
Speaker 3: this weekend. Should add the caveat that, Iran semi official
Speaker 3: news agency said that nothing had been approved, but we
Speaker 3: have heard in the last of fifteen minutes or so
Speaker 3: sort of response from Iran, saying that negotiations could last
Speaker 3: sixty days about nuclear issues and that this deal could
Speaker 3: include oil sanctions being lifted on Iran. Nonetheless, markets do
Speaker 3: seem to be absorbing the president's words on this. We've
Speaker 3: seen other oil and gas related firms also falling this
Speaker 3: morning in Europe, including BP for example. It does come
Speaker 3: after a volatile week in terms of the Middle East.
Speaker 3: We heard Trump say earlier this week that Iran would
Speaker 3: pay for delaying negotiations, So perhaps further moves to come
Speaker 3: for this stock title oil prices.
Speaker 1: Yeah.
Speaker 4: Interesting though that this draft murmorandum seems to have about
Speaker 4: fourteen different provisions fourteen bullet points on what would be
Speaker 4: in it.
Speaker 1: So let's see.
Speaker 4: Having said that, Ryanair is also reacting to the optimism
Speaker 4: maybe of a Middle East resolution.
Speaker 3: Yes, this is the other side of the oil trade,
Speaker 3: so fores like Ryanair, they seem to be benefiting. Ryanair
Speaker 3: is up as much as seven and a half percent
Speaker 3: this morning. Oilers, of course closely tied to the price
Speaker 3: of their jet fuel. That's something that has really played
Speaker 3: the travel industry since the start of this conflict.
Speaker 1: Oil extending declines.
Speaker 3: Now on the latest lines about the details of that
Speaker 3: MoU earlier reached its lowest points since March the tenth,
Speaker 3: so there is some optimism in the sector.
Speaker 1: It's across the industry.
Speaker 3: We can see the likes of Tuey and lufthands are
Speaker 3: also gaining today on that news.
Speaker 1: And that we're also seeing gains for Nokia what's been
Speaker 1: going on there, So a bit of a change of
Speaker 1: speed here.
Speaker 3: Nokia is also gaining and that's after a note from
Speaker 3: JP Morgan. It says that the firm can beat its
Speaker 3: own guidance. So this is relating to Nokia's EBIT goal
Speaker 3: which they set at their capital market state in November.
Speaker 3: JP Morgan doesn't just think they can beat this goal
Speaker 3: by a little bit, but they're saying that they can
Speaker 3: beat it by as much as fifty percent, which is
Speaker 3: a significant margin. So their shares surging almost seven percent
Speaker 3: this morning on that news, and actually year to date,
Speaker 3: the stock is up one hundred and twenty two percent,
Speaker 3: so it's a strong performer for JP Morgan, saying that
Speaker 3: consensus estimates are still not factoring in new revenue that
Speaker 3: could come from AI and its cloud businesses, and in
Speaker 3: particular the operational leverage associated with higher revenue, so perhaps
Speaker 3: further to go for Nokia in the coming weeks and months.
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