1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:17,840 Speaker 2: Now, let's have a look at the socks on the 5 00:00:17,880 --> 00:00:20,160 Speaker 2: mood today here in Europe. I'm Caroline Hepkin. I'm joined 6 00:00:20,160 --> 00:00:23,360 Speaker 2: bub Boomberg reported Tiva out of Bio. Good morning, Tia. 7 00:00:23,520 --> 00:00:28,080 Speaker 2: Let's think about the energy price impact on market and 8 00:00:28,160 --> 00:00:32,760 Speaker 2: in particularly those energy stocks. How is BP faring today? 9 00:00:33,240 --> 00:00:35,360 Speaker 3: Well, one thing is for sure, Caroline, in terms of 10 00:00:35,520 --> 00:00:37,720 Speaker 3: energy markets, we're seeing a bit of a reversal of 11 00:00:37,760 --> 00:00:41,839 Speaker 3: what we saw yesterday. So yesterday oil price is tempering slightly. 12 00:00:41,960 --> 00:00:46,120 Speaker 3: That's all changed after President Trump made a rare primetime 13 00:00:46,159 --> 00:00:48,920 Speaker 3: appearance yesterday and he gave an update on the Iran war. 14 00:00:49,320 --> 00:00:51,680 Speaker 3: What he did do is dash the optimism that we 15 00:00:51,760 --> 00:00:55,680 Speaker 3: saw swirling amongst investors that the war could be perhaps 16 00:00:55,720 --> 00:00:58,840 Speaker 3: on course for a resolution in the next few weeks, 17 00:00:59,080 --> 00:01:03,720 Speaker 3: and also that disruption to crude and gas flows would ease. 18 00:01:04,160 --> 00:01:07,240 Speaker 3: As a result, there are some escalation feares now mounting 19 00:01:07,240 --> 00:01:09,080 Speaker 3: and we're beginning to see that in the market as well. 20 00:01:09,160 --> 00:01:11,960 Speaker 3: So in short stocks are down and oil are surging. 21 00:01:12,000 --> 00:01:15,400 Speaker 3: Brent crude jumping as much as six point seven percent today. 22 00:01:16,120 --> 00:01:18,759 Speaker 3: That's having an impact on names like BP. It's near 23 00:01:18,760 --> 00:01:21,400 Speaker 3: the top of the stock six hundred gainers list today, 24 00:01:21,440 --> 00:01:25,160 Speaker 3: also accompanied by others like Shell and Total Energy. So 25 00:01:25,280 --> 00:01:29,080 Speaker 3: BP up just over four percent. But Caroline, you do 26 00:01:29,160 --> 00:01:31,160 Speaker 3: have to wonder how long this is going to last. 27 00:01:31,160 --> 00:01:34,000 Speaker 3: We've seen some real sort of whips or moves, and 28 00:01:34,040 --> 00:01:37,440 Speaker 3: that inverse relationship between stocks and energy really come to 29 00:01:37,480 --> 00:01:40,520 Speaker 3: the fore in recent weeks during this conflict. It's really 30 00:01:40,600 --> 00:01:43,720 Speaker 3: headline driven too, so there's nothing that's certain for very long. 31 00:01:44,040 --> 00:01:46,440 Speaker 3: So as ever, an area to watch as the Middle 32 00:01:46,440 --> 00:01:47,640 Speaker 3: East unrest continues. 33 00:01:47,840 --> 00:01:52,080 Speaker 2: Yeah, Indeed, another sector that we're thinking about in terms 34 00:01:52,120 --> 00:01:56,560 Speaker 2: of travel and tourism, the airlines, worries around fuel costs 35 00:01:56,680 --> 00:02:01,360 Speaker 2: really beginning to set in, and Lifter is quite interesting. 36 00:02:01,000 --> 00:02:04,280 Speaker 3: Today exactly, so another gear shift for this stock today. 37 00:02:04,360 --> 00:02:07,640 Speaker 3: Yesterday we saw shares climbing for Lift hands that today's 38 00:02:07,720 --> 00:02:10,320 Speaker 3: down as much as five point four percent. And you're right, 39 00:02:10,360 --> 00:02:14,480 Speaker 3: this job is centered around fears about fuel prices. We've 40 00:02:14,520 --> 00:02:16,800 Speaker 3: mentioned how oil is surging this morning. That's also the 41 00:02:16,840 --> 00:02:20,359 Speaker 3: case for jet fuel and diesel. European diesel futures hit 42 00:02:20,639 --> 00:02:24,240 Speaker 3: two hundred dollars a barrel earlier this hour. So analysts 43 00:02:24,280 --> 00:02:26,680 Speaker 3: and Morgan Stanley are taking note of this. They've cut 44 00:02:26,760 --> 00:02:29,360 Speaker 3: price targets for a number of airlines and they have 45 00:02:29,639 --> 00:02:32,440 Speaker 3: downgraded Left hands are specifically to equal weight. 46 00:02:32,800 --> 00:02:33,400 Speaker 1: That's on the. 47 00:02:33,440 --> 00:02:37,280 Speaker 3: Risk that fuel costs could prove materially higher for longer 48 00:02:37,639 --> 00:02:39,880 Speaker 3: due to this conflict. That's what Morgan Stanley is saying. 49 00:02:39,960 --> 00:02:43,079 Speaker 3: There's an interesting point from another analyst too, that this 50 00:02:43,160 --> 00:02:47,240 Speaker 3: disruption is felt more severely in refined products than crude oil. 51 00:02:47,639 --> 00:02:52,120 Speaker 3: So deficits in jet fuel are structurally harder and slower 52 00:02:52,160 --> 00:02:54,680 Speaker 3: to resolve, which does mean, of course, if we even 53 00:02:54,720 --> 00:02:57,280 Speaker 3: see a resolution soon, it will take a while for 54 00:02:57,400 --> 00:02:59,720 Speaker 3: jet fuel supplies to return to normal. And that's why 55 00:02:59,720 --> 00:03:02,920 Speaker 3: you're seeing the likes of Morgan Stanley downgrading Left Hands 56 00:03:03,080 --> 00:03:04,480 Speaker 3: and they're stop falling this morning. 57 00:03:04,639 --> 00:03:08,840 Speaker 2: Yeah, and we also have more moves in metals and mining. 58 00:03:09,320 --> 00:03:12,360 Speaker 3: Yeah, we are seeing losses across the board in precious 59 00:03:12,600 --> 00:03:16,040 Speaker 3: mining and metals. That's as the US is preparing to 60 00:03:16,080 --> 00:03:19,760 Speaker 3: outline this new tiered system for its broader tariffs on 61 00:03:19,840 --> 00:03:23,079 Speaker 3: steel and aluminium products. The headline here is that we 62 00:03:23,200 --> 00:03:26,960 Speaker 3: understand currently they're going to maintain fifty percent tariffs on 63 00:03:27,080 --> 00:03:30,560 Speaker 3: a large number of derivative products and the duty will 64 00:03:30,600 --> 00:03:33,800 Speaker 3: be calculated by the value of the actual imported good. 65 00:03:34,160 --> 00:03:37,320 Speaker 3: So that announcement is expected as early as today. According 66 00:03:37,360 --> 00:03:40,400 Speaker 3: to the latest reports, miners falling, so the likes of 67 00:03:40,440 --> 00:03:44,720 Speaker 3: Fresnio Pan African resources to all down Fresnos down as 68 00:03:44,760 --> 00:03:47,720 Speaker 3: much as six point four percent, could be likely to 69 00:03:47,720 --> 00:03:50,200 Speaker 3: move again when that announcement is confirmed, but definitely one 70 00:03:50,240 --> 00:03:52,120 Speaker 3: to keep an eye on heading into the Eastern weekend. 71 00:03:53,240 --> 00:03:57,240 Speaker 1: This stock mover's report from Bloomberg Radio. Check back with 72 00:03:57,320 --> 00:03:59,880 Speaker 1: us throughout the day for the latest roundup of companies 73 00:04:00,040 --> 00:04:03,080 Speaker 1: making news on Wall Street and for the latest market 74 00:04:03,120 --> 00:04:07,560 Speaker 1: moving headlines. 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