1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,439 Speaker 3: Let's have a look at these stocks on the move 5 00:00:18,480 --> 00:00:21,960 Speaker 3: today here in Europe. I'm Caroline Hebgar with Stephen Cawen. 6 00:00:21,960 --> 00:00:25,759 Speaker 3: We're joined by Bloomberg reporter Louise Moon. Louise, should we 7 00:00:25,840 --> 00:00:30,120 Speaker 3: start with Aramco and the latest moves given what's happening 8 00:00:30,120 --> 00:00:30,880 Speaker 3: in the Middle East? 9 00:00:31,320 --> 00:00:35,159 Speaker 1: Yeah, exactly. So there's been energy as a whole is 10 00:00:35,520 --> 00:00:37,960 Speaker 1: or has been, and is today, you know, the key focus. 11 00:00:38,000 --> 00:00:39,600 Speaker 1: There's been a step up in efforts to kind of 12 00:00:39,600 --> 00:00:43,240 Speaker 1: calm the energy markets after of course a hugely volatile 13 00:00:43,280 --> 00:00:46,440 Speaker 1: few days. So the IEA, the International Energy Agency, is 14 00:00:47,040 --> 00:00:50,360 Speaker 1: there's a report that's proposing to release the largest ever 15 00:00:50,440 --> 00:00:53,760 Speaker 1: emergency reserves that it would exceed you know, the amount 16 00:00:53,800 --> 00:00:56,400 Speaker 1: they released after Russia and by Ukraine for example, and 17 00:00:56,440 --> 00:01:00,800 Speaker 1: they're expected to decide on that today. That plus you know, 18 00:01:00,880 --> 00:01:03,360 Speaker 1: comments by Trump earlier this week suggesting that the US 19 00:01:03,440 --> 00:01:05,479 Speaker 1: might be close to achieving their military goals. It's kind 20 00:01:05,480 --> 00:01:08,679 Speaker 1: of easing this surge of energy prices that we have 21 00:01:08,840 --> 00:01:12,640 Speaker 1: been seeing, so it's a bit of a mixed bag today. Aramco, 22 00:01:12,760 --> 00:01:15,880 Speaker 1: as you mentioned, is higher shell, very slightly higher BP, 23 00:01:16,520 --> 00:01:19,080 Speaker 1: very slightly in the red, Varlet Energy and also in 24 00:01:19,160 --> 00:01:22,040 Speaker 1: Oslo also slightly in the red. So there's a lot 25 00:01:22,080 --> 00:01:25,360 Speaker 1: of mixed messages, a lot of uncertainty still and those 26 00:01:25,440 --> 00:01:29,200 Speaker 1: kind of major energy stocks almost wavering as they await that. 27 00:01:29,280 --> 00:01:31,840 Speaker 1: But ultimately there's there seems to be at the moment 28 00:01:31,880 --> 00:01:35,080 Speaker 1: a lot more calm after a few days of hugely 29 00:01:35,160 --> 00:01:37,320 Speaker 1: volatile and major moves in those stocks. 30 00:01:38,400 --> 00:01:41,640 Speaker 2: Okay, So that's the position with energy stocks. 31 00:01:41,640 --> 00:01:44,520 Speaker 1: Another sector though, that has been very much affected by 32 00:01:44,760 --> 00:01:46,880 Speaker 1: the Iran war has been airlines. 33 00:01:46,920 --> 00:01:48,120 Speaker 2: What's the latest this morning? 34 00:01:48,640 --> 00:01:52,920 Speaker 1: Indeed, Yes, obviously as you say exposed, you know, fuel 35 00:01:52,960 --> 00:01:56,000 Speaker 1: costs going up, jets displaced, they're flying different routes to 36 00:01:57,120 --> 00:02:01,360 Speaker 1: longer routes, using more fuel. So shares have been hugely 37 00:02:01,440 --> 00:02:04,920 Speaker 1: hit today. Again also a slightly mixed bag. There's that 38 00:02:05,040 --> 00:02:08,960 Speaker 1: uncertainty that I mentioned. So you look at Ryanair slightly 39 00:02:09,000 --> 00:02:13,720 Speaker 1: into the green whizz a slightly lower IAG are seeing 40 00:02:13,760 --> 00:02:16,920 Speaker 1: losses a bit more contained today. There's been kind of 41 00:02:17,160 --> 00:02:20,240 Speaker 1: separate news from them that they're adding flights to Asia 42 00:02:20,280 --> 00:02:24,120 Speaker 1: and Africa. There's obviously more long haul demand as people 43 00:02:24,160 --> 00:02:28,920 Speaker 1: want alternatives to Middle East carriers, so iag are putting 44 00:02:28,960 --> 00:02:31,760 Speaker 1: on more flights from London to Singapore and Bangkok, so 45 00:02:31,800 --> 00:02:34,280 Speaker 1: they're using that aircraft that they're not needing at the moment. 46 00:02:34,280 --> 00:02:37,080 Speaker 1: In the Gulf region, Lufthansa is also doing the same, 47 00:02:37,160 --> 00:02:40,680 Speaker 1: so from Germany to Singapore and other locations. And one 48 00:02:40,720 --> 00:02:42,640 Speaker 1: of it, there was a good quote from an aviation 49 00:02:42,680 --> 00:02:46,519 Speaker 1: analyst saying that this is understandable, you know, using of 50 00:02:46,919 --> 00:02:49,799 Speaker 1: their resources. So that's kind of containing some of those 51 00:02:49,840 --> 00:02:51,800 Speaker 1: losses stay and as I say, it's also part of 52 00:02:51,800 --> 00:02:54,560 Speaker 1: that wider story of a bit of a wait and see. 53 00:02:54,680 --> 00:02:55,840 Speaker 1: So a slight mixed bag for. 54 00:02:56,240 --> 00:03:01,320 Speaker 3: Airlines, okay, and what about defense companies inarticular Ryan Mattal 55 00:03:01,560 --> 00:03:02,720 Speaker 3: the latest there. 56 00:03:02,680 --> 00:03:05,520 Speaker 1: Yeah, Rhyme Mattal falling as much as five point five 57 00:03:05,720 --> 00:03:09,480 Speaker 1: percent today, So kind of an individual story there in 58 00:03:09,520 --> 00:03:12,839 Speaker 1: a sense that this is after their twenty twenty six 59 00:03:12,919 --> 00:03:16,360 Speaker 1: sales outlook fell short of estimates. They're predicting sales as 60 00:03:16,440 --> 00:03:19,880 Speaker 1: high as fifteen point five billion euros, that is, gains 61 00:03:19,919 --> 00:03:22,840 Speaker 1: of forty five percent on the year before. But it's 62 00:03:22,880 --> 00:03:26,880 Speaker 1: still short of expectations, So it just shows how high 63 00:03:27,000 --> 00:03:30,600 Speaker 1: the bar is from investors at the moment for defense contractors, 64 00:03:30,600 --> 00:03:33,800 Speaker 1: but also particularly Rhyme Mettal. Obviously it's been a huge 65 00:03:33,800 --> 00:03:37,200 Speaker 1: beneficiary of this uptic in defense spending that we've been 66 00:03:37,240 --> 00:03:40,400 Speaker 1: seeing since Ukraine War in twenty twenty two. Rhyme Mettal 67 00:03:40,480 --> 00:03:43,240 Speaker 1: in particularly, their shares have gained nearly one thousand, eight 68 00:03:43,360 --> 00:03:47,960 Speaker 1: hundred percent since then. So Alyss is saying that, you know, 69 00:03:48,120 --> 00:03:52,240 Speaker 1: disappointing results is disappointing guidance, especially as consensus had already 70 00:03:52,320 --> 00:03:54,840 Speaker 1: dropped a bit in recent weeks, and that that narrative 71 00:03:54,840 --> 00:03:58,160 Speaker 1: has really changed, so investors are really now focused on 72 00:03:58,240 --> 00:04:01,680 Speaker 1: Ryemettal's execution and they're a bit to convert these orders 73 00:04:02,000 --> 00:04:05,040 Speaker 1: into sales. And then they had a slight bit of 74 00:04:05,040 --> 00:04:07,480 Speaker 1: commentary on the Iran War. They're saying that they see 75 00:04:07,520 --> 00:04:12,480 Speaker 1: themselves as world positioned to replenish the US's stockpiles for 76 00:04:12,800 --> 00:04:15,400 Speaker 1: Iran and that some of their air defense systems are 77 00:04:15,440 --> 00:04:17,479 Speaker 1: already in use in the region. But all of that, 78 00:04:17,560 --> 00:04:20,920 Speaker 1: despite that, you know, uptick in sales that fell short 79 00:04:20,920 --> 00:04:23,000 Speaker 1: investments and shares a dragging on. 80 00:04:22,960 --> 00:04:28,040 Speaker 2: That morning, the stock movers report from Bloomberg Radio. Check 81 00:04:28,080 --> 00:04:30,400 Speaker 2: back with us throughout the day for the latest roundup 82 00:04:30,440 --> 00:04:33,400 Speaker 2: of companies making news on Wall Street, and for the 83 00:04:33,480 --> 00:04:37,880 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch 84 00:04:37,960 --> 00:04:41,479 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 85 00:04:41,480 --> 00:04:43,880 Speaker 2: Android Auto with the Bloomberg Business app.