1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,280 --> 00:00:17,720 Speaker 1: Let's take a look at some stocks on the move 5 00:00:17,760 --> 00:00:20,159 Speaker 1: today in Europe. I'm Stephen Carroll and I'm joined by 6 00:00:20,160 --> 00:00:24,079 Speaker 1: Bloomberg's Chloe Melee for more. Chloe, good morning. Let's start 7 00:00:24,120 --> 00:00:26,640 Speaker 1: them with those defense stocks. We're seeing them move higher 8 00:00:26,640 --> 00:00:28,280 Speaker 1: this morning. Which names are you watching? 9 00:00:29,000 --> 00:00:31,360 Speaker 3: Well, all of them really are in the green this morning. 10 00:00:31,400 --> 00:00:34,159 Speaker 3: So we're seeing Ryan Mettall in particular up quite strongly, 11 00:00:34,640 --> 00:00:38,200 Speaker 3: and names like HENSLT also in Germany, and then Leonardo 12 00:00:38,200 --> 00:00:41,880 Speaker 3: and Italy Sabin Sweden, all of them are moving higher 13 00:00:41,920 --> 00:00:43,960 Speaker 3: this morning. And that's of course on the back of 14 00:00:44,000 --> 00:00:48,360 Speaker 3: this situation in Venezuela. We've got heightened geopolitical tensions that 15 00:00:48,479 --> 00:00:51,440 Speaker 3: tend to kind of push investors towards those defense stocks. 16 00:00:51,479 --> 00:00:55,240 Speaker 3: And given how much uncertainty there is around this particular situation, 17 00:00:55,480 --> 00:00:58,720 Speaker 3: with questions about what's coming next and what it really 18 00:00:58,720 --> 00:01:01,400 Speaker 3: means for US foreign policy going forward as well, it's 19 00:01:01,440 --> 00:01:04,880 Speaker 3: been really not surprising to see those really significant moves 20 00:01:04,920 --> 00:01:07,840 Speaker 3: across that defense sector. We're talking about a move of 21 00:01:07,880 --> 00:01:10,520 Speaker 3: as much as seven percent for Ryan Mattaw this morning. 22 00:01:11,120 --> 00:01:14,240 Speaker 3: And the expectation is really that this turmoil is going 23 00:01:14,280 --> 00:01:17,760 Speaker 3: to lead to more defense spending. So we have Morgan 24 00:01:17,800 --> 00:01:21,760 Speaker 3: Stanley analysts, for example, saying that the situation reinforces the 25 00:01:21,840 --> 00:01:24,720 Speaker 3: need for Europe to take more responsibility for its own 26 00:01:24,760 --> 00:01:28,640 Speaker 3: security and strategic autonomy going forward. And of course that 27 00:01:28,720 --> 00:01:32,759 Speaker 3: boats really well for European defense companies, and it also 28 00:01:32,800 --> 00:01:35,520 Speaker 3: provides a strong start to the year for a sector 29 00:01:35,560 --> 00:01:37,640 Speaker 3: after some ups and downs towards the end of twenty 30 00:01:37,640 --> 00:01:40,480 Speaker 3: twenty five. But it seems like there is tabulence kind 31 00:01:40,480 --> 00:01:43,160 Speaker 3: of across the board in twenty twenty six. We've got 32 00:01:43,160 --> 00:01:46,640 Speaker 3: Trump expressing frustration with Putin as he's trying to kind 33 00:01:46,680 --> 00:01:49,320 Speaker 3: of negotiate that piece still in Ukraine. We've got unrest 34 00:01:49,360 --> 00:01:52,280 Speaker 3: in Iran as well, and now Venezuela as well. So 35 00:01:52,400 --> 00:01:56,320 Speaker 3: all of that really boosting those defense shares. Yeah. 36 00:01:56,360 --> 00:01:58,600 Speaker 1: Indeed, as you say, plenty going on in that space 37 00:01:58,640 --> 00:02:00,560 Speaker 1: at the moment, or we're seeing that reflect in those 38 00:02:00,600 --> 00:02:03,920 Speaker 1: share prices this morning. Let's turn to the miners. We're 39 00:02:03,920 --> 00:02:06,440 Speaker 1: also watching them, of course, further big moves to watch 40 00:02:06,440 --> 00:02:07,920 Speaker 1: in commodities. 41 00:02:07,800 --> 00:02:11,320 Speaker 3: Yeah, absolutely, So all of those geopolitical tensions that tends 42 00:02:11,360 --> 00:02:13,520 Speaker 3: to be as positive for miners as it is for 43 00:02:13,800 --> 00:02:18,000 Speaker 3: weapons manufacturers. So those tensions are creating more invested and 44 00:02:18,120 --> 00:02:20,520 Speaker 3: on for safe haven assets like silver and gold, and 45 00:02:21,040 --> 00:02:24,360 Speaker 3: that's in turn boosting the prices for those precious metals, 46 00:02:24,400 --> 00:02:27,280 Speaker 3: and of course that's in turn very good news for miners, 47 00:02:27,320 --> 00:02:30,840 Speaker 3: and that includes names like Anglo American, glen Coreya, Tinto, 48 00:02:31,160 --> 00:02:33,760 Speaker 3: all of those were moving higher this morning, but also 49 00:02:33,800 --> 00:02:37,040 Speaker 3: in particular for Fresno, which is specifically a gold and 50 00:02:37,120 --> 00:02:40,359 Speaker 3: silver miners, so it's very well positioned. Gold and silver 51 00:02:40,639 --> 00:02:43,400 Speaker 3: hit record after record in twenty twenty five, and they're 52 00:02:43,480 --> 00:02:46,680 Speaker 3: likely to see even a further boost from this of 53 00:02:46,760 --> 00:02:50,720 Speaker 3: Venezuela situation. And then for other names that in that 54 00:02:50,800 --> 00:02:54,480 Speaker 3: mining sector, there's also the boost from rising copper prices. 55 00:02:54,520 --> 00:02:58,000 Speaker 3: So there is concerns about tariffs that have led traders 56 00:02:58,000 --> 00:03:00,880 Speaker 3: to really ramp up shipments to the so that is 57 00:03:00,919 --> 00:03:04,120 Speaker 3: tightened to supply elsewhere. And then we've also had this 58 00:03:04,280 --> 00:03:08,080 Speaker 3: risk on mood more broadly across markets, and those two 59 00:03:08,560 --> 00:03:13,000 Speaker 3: things have led copper prices to rise and therefore also 60 00:03:13,080 --> 00:03:15,239 Speaker 3: boosting those miners this morning. 61 00:03:16,480 --> 00:03:20,040 Speaker 1: And turning then to a chemical company, Science Co analyst 62 00:03:20,080 --> 00:03:23,519 Speaker 1: reacting to them this morning, what's the change. 63 00:03:23,720 --> 00:03:26,360 Speaker 3: Well, science Go is essentially the best position in a 64 00:03:26,520 --> 00:03:29,800 Speaker 3: very tough sector, So Morgan standing Alis have said that 65 00:03:29,880 --> 00:03:32,360 Speaker 3: the industrial chemical sector was going to be in a 66 00:03:32,440 --> 00:03:35,120 Speaker 3: very difficult spot this year. So those are companies that 67 00:03:35,160 --> 00:03:39,360 Speaker 3: are suppliers to industrial and markets. So if activity is 68 00:03:39,400 --> 00:03:41,920 Speaker 3: not picking up there, then that means that they're also 69 00:03:42,000 --> 00:03:44,560 Speaker 3: not doing well. But within that, with this kind of 70 00:03:44,560 --> 00:03:47,560 Speaker 3: difficult backdrop in mind, science Go is going to be 71 00:03:47,600 --> 00:03:48,680 Speaker 3: the one that's doing. 72 00:03:48,520 --> 00:03:49,480 Speaker 2: A little bit better. 73 00:03:49,600 --> 00:03:52,320 Speaker 3: So analysts have said that they favor companies that have 74 00:03:52,440 --> 00:03:55,440 Speaker 3: more pricing power and that don't have to compete with 75 00:03:55,560 --> 00:03:59,040 Speaker 3: Chinese supply, you know, in that same way as other names, 76 00:03:59,160 --> 00:04:01,520 Speaker 3: and so those two things are things that science Go 77 00:04:01,800 --> 00:04:05,160 Speaker 3: has and so this is not necessarily a raving endorsement 78 00:04:05,200 --> 00:04:07,400 Speaker 3: of the company, but it was good enough to really 79 00:04:07,400 --> 00:04:08,960 Speaker 3: boost those shares this morning. 80 00:04:10,000 --> 00:04:14,240 Speaker 2: The Stockmovers Report from Bloomberg Radio. 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