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 3: Let's take a look at some of the socks on
Speaker 3: the mood today here in Europe. I'm Caroline Hepgin with
Speaker 3: Jack Sitters, and we're joined by Bloomberg reporter Chloie Malay.
Speaker 3: Chloe amid the tensions in the Middle East, the oil
Speaker 3: producer REPSOL moving significantly tell us more.
Speaker 1: Yeah, Well, oil companies across the board in Europe have
Speaker 1: gone originally a big boost from the conflict in the
Speaker 1: Middle East. Of course, the oil prices were moving higher
Speaker 1: because of concerns around that disruption to the global energy supply,
Speaker 1: and then that translated into the share prices of oil
Speaker 1: majors moving higher. But today there's weakness across the board,
Speaker 1: Repsol being one of those, and a lot of that
Speaker 1: has to do with Trump's planter and insure and escort
Speaker 1: oil tankers moving through the Persian Gulf, which he said
Speaker 1: would avoid the energy crime that is brewing, and so
Speaker 1: that has caused some pullback in oil prices and therefore
Speaker 1: pullback in oil companies a share prices this morning, but
Speaker 1: the industry says the plan from Trump is only really
Speaker 1: a partial fix, that it lacks clarity on how it
Speaker 1: actually would be implemented. You know, it's of a far
Speaker 1: larger scale than some previous similar plans and much more
Speaker 1: complex given the amount of producers and consumers involved. So
Speaker 1: that is going to be a little bit difficult to execute,
Speaker 1: the cost of it, the execution of it, all of
Speaker 1: that remains a big question mark. So we'll have to see.
Speaker 1: But in the meantime, the impact on the oil sector
Speaker 1: has been share prices in the red this morning, and
Speaker 1: Clarie shipping company Musk also in the spotlight.
Speaker 3: How are investors reacting there?
Speaker 1: Yeah, this is another one of those companies that benefited
Speaker 1: from the conflict. At first, the reasoning being that tensions
Speaker 1: in the Middle East, the closing of some key shipping
Speaker 1: routes means higher container rates and so that means of
Speaker 1: course better earnings for companies like Musk. But this is
Speaker 1: the same thing is with oil companies this morning, where
Speaker 1: we have this plan from Trump to ensure and escort
Speaker 1: those energy tankers, and so that is easing the concerns
Speaker 1: around disruption to the shipping industry, and so we are
Speaker 1: seeing mask shares seeing some weakness. But you know, the
Speaker 1: company did have did add an emergency rate increase on
Speaker 1: shipments to and from countries like the UAE, Saudi Arabia KUWAD.
Speaker 1: So there is definitely still a boost to raids, but
Speaker 1: the concern is that that will maybe not last.
Speaker 3: Yeah, I think that it's worth adding the caveat if necessary.
Speaker 3: The President said the United States Navy will begin escorting
Speaker 3: tankers through the Strait of Houle Moves as soon as
Speaker 3: possible in his words, but I think that if necessary,
Speaker 3: and the kind of timing of it is also important
Speaker 3: to understand just one stock that we want to talk about,
Speaker 3: which actually isn't kind of related to geopolitics. Added as
Speaker 3: reporting today, what's the market reaction and why that story?
Speaker 1: Yeah, well there's a lot of week is thirty does
Speaker 1: today so it expects higher profits this year, but the
Speaker 1: forecast was still below analyst expectations, so that is the
Speaker 1: reason why we're seeing a lot of weakness this morning.
Speaker 1: It also expects a negative impact of about four hundred
Speaker 1: million euros from US tariffs and also negative impact from
Speaker 1: negative currency fluctuations of rather unfavorable currency fluctuations. They are
Speaker 1: some good news in the statement it expects to get
Speaker 1: in market share through to twenty twenty eight with both
Speaker 1: its retro sneakers, which have been a big part of
Speaker 1: the strategy over the last few years, but also more
Speaker 1: product development in running and in football. We've got, of
Speaker 1: course the football work up coming in the next few months,
Speaker 1: and it also promised bigger payouts, but all of that
Speaker 1: was not enough to offset the impact of that very
Speaker 1: disappointing guidance, addedas does have the tendency to be quite
Speaker 1: conservative with guidance initially, so it could raise the bar
Speaker 1: throughout the year, but in the meantime we're seeing a
Speaker 1: lot of weakness.
Speaker 2: This morning the Stock Movers Report from Bloomberg Radio. Check
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