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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg data.

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Speaker 1: Let's dive into some of the stocks that we're watching

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Speaker 1: this morning. We have Joe Easton from our equities team. Joe,

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Speaker 1: what are you watching this morning?

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Speaker 3: Yeah, so this headline the news kind of wiping out

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Speaker 3: any single stock moves we have planned for the day.

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Speaker 3: So we're seeing broad moves across anything really exposed to

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Speaker 3: the trade war. If we take a look at ap

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Speaker 3: molamersk over in Shipping, we're up twelve percent. That stock

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Speaker 3: actually on track for its biggest one day gain in

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Speaker 3: a decade, lifting that stock this morning. Then we're seeing

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Speaker 3: the miners rallying, Anglo American Anto, Glencore Luxury as well,

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Speaker 3: LVMH Caring we've seen gains around five to six percent,

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Speaker 3: and also over in the chip space, So pretty much

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Speaker 3: anything exposed to the trade war, where it's absolutely so

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Speaker 3: boring today, really keeping us on our toes.

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Speaker 4: Yeah. On the flip side, though, we're also seeing some declines,

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Speaker 4: the main group declining healthcare stocks.

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Speaker 3: Yeah, so this was the negative news that we were

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Speaker 3: looking out for. So we did see a report over

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Speaker 3: the weekend saying Trump looking to rein in prices, something

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Speaker 3: we've discussed before, where he does think that pricing for

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Speaker 3: drugs is too high in the US compared to other countries.

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Speaker 3: So the news over the weekend is that the US

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Speaker 3: will look to do a best price policy where they

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Speaker 3: try and lower the price of a drug in the

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Speaker 3: US to the best price available abroad in another country.

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Speaker 3: So big moves across that sector today, Novo Nordice dropping

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Speaker 3: around six percent currently, Astrozeneka, GSK, Sinofi, all of those

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Speaker 3: shares sliding really in contrast with the broader market which

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Speaker 3: has got a very happy mood on today. But healthcare

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Speaker 3: really a notable out former as Trump looks to rain

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Speaker 3: in those drug prices.

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Speaker 1: Well, Jo lestwie allow Donald Trump to steal the show.

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Speaker 1: Shall we talk about European banks. We've had UniCredit reporting

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Speaker 1: this morning and some news from Spanish banking over the weekend.

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Speaker 3: Yeah, so giving us kind of a little bit of

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Speaker 3: other news to take on board. Is over in the

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Speaker 3: m and a kind of space in banking, as you say. So, UniCredit,

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Speaker 3: first of all, beating expectations pretty much across the board

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Speaker 3: on the net interest income and also better than expected

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Speaker 3: payouts in terms of differences as well. Now, UniCredit has

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Speaker 3: been on the prow trying to buy up pretty much

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Speaker 3: any bank it comes across, taking a most notably of

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Speaker 3: course with Commas Bank, and also doing a bit of

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Speaker 3: deal making over in the home market as well, so

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Speaker 3: that one was a little bit higher at the opener

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Speaker 3: trading in Milan. Then. Also the Spanish banking situation is

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Speaker 3: continuing to develop, Spain saying that it would be in

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Speaker 3: favor of potentially Sabadel doing another deal, so different deal

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Speaker 3: to the proposed takeover by BBVA, so that one was

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Speaker 3: boosting that stock today. But really the main driver continues

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Speaker 3: to be these trade moves. So we're seeing the banking

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Speaker 3: stocks pretty much right across the board on better than

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Speaker 3: expected trading outlooks, so pretty much wiping out any positivity

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Speaker 3: from the M and A situations.

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Speaker 4: Yeah, I think it's very interesting that the eurostock six

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Speaker 4: hundred is up this morning over all by half of

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Speaker 4: one percent. Already we knew that the European stock market

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Speaker 4: had recouped about three quarters of the losses that we

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Speaker 4: saw from Marches record high, and yet this is to

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Speaker 4: do with US China trade negotiations rather than directly with

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Speaker 4: European companies. I mean, looking at US stop futures, they

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Speaker 4: are much seeing much bigger gains. Nasdaq at a stop

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Speaker 4: future is now up by three point four percent, and

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Speaker 4: yet we think that this is going to help to

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Speaker 4: underpin earnings for European companies. Obviously, the exposure to China,

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Speaker 4: the knock on effect from China, indeed a dropping global

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Speaker 4: trade would be the main worries. Why are we seeing

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Speaker 4: the big gain in European equities, Well.

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Speaker 3: I think if we dig down into some of the

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Speaker 3: other sectors that aren't just exposed to the UPS and

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Speaker 3: China situations. So some of the companies that have operations

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Speaker 3: over in Thailand and some of the other Asian countries

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Speaker 3: as well. So some of the clothes makers Pumea, for example,

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Speaker 3: Pandora stocks like that they seem to be getting a

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Speaker 3: boost on potentially this kind of latest move indicating that

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Speaker 3: this whole situation will get better on a global scale,

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Speaker 3: not just between the US and China, so that it

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Speaker 3: does seem to be more anything exposed to trade worries

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Speaker 3: rising at the moment, But obviously the bigger moves coming

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Speaker 3: in the US as well. The other sector on the

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Speaker 3: downside is defense today has really hit hards. I think

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Speaker 3: this is kind of potentially to do some of the

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Speaker 3: geopolitical updates we saw over the weekend, potentially on a

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Speaker 3: better situation in Ukraine, so that taking the shine out

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Speaker 3: of it, But the US moves will be interesting to

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Speaker 3: watch later as well.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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