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 have a look at these stocks on the move
Speaker 3: today here in Europe. I'm Caroline Hebgar with Stephen Cawen.
Speaker 3: We're joined by Bloomberg reporter Louise Moon. Louise, should we
Speaker 3: start with Aramco and the latest moves given what's happening
Speaker 3: in the Middle East?
Speaker 1: Yeah, exactly. So there's been energy as a whole is
Speaker 1: or has been, and is today, you know, the key focus.
Speaker 1: There's been a step up in efforts to kind of
Speaker 1: calm the energy markets after of course a hugely volatile
Speaker 1: few days. So the IEA, the International Energy Agency, is
Speaker 1: there's a report that's proposing to release the largest ever
Speaker 1: emergency reserves that it would exceed you know, the amount
Speaker 1: they released after Russia and by Ukraine for example, and
Speaker 1: they're expected to decide on that today. That plus you know,
Speaker 1: comments by Trump earlier this week suggesting that the US
Speaker 1: might be close to achieving their military goals. It's kind
Speaker 1: of easing this surge of energy prices that we have
Speaker 1: been seeing, so it's a bit of a mixed bag today. Aramco,
Speaker 1: as you mentioned, is higher shell, very slightly higher BP,
Speaker 1: very slightly in the red, Varlet Energy and also in
Speaker 1: Oslo also slightly in the red. So there's a lot
Speaker 1: of mixed messages, a lot of uncertainty still and those
Speaker 1: kind of major energy stocks almost wavering as they await that.
Speaker 1: But ultimately there's there seems to be at the moment
Speaker 1: a lot more calm after a few days of hugely
Speaker 1: volatile and major moves in those stocks.
Speaker 2: Okay, So that's the position with energy stocks.
Speaker 1: Another sector though, that has been very much affected by
Speaker 1: the Iran war has been airlines.
Speaker 2: What's the latest this morning?
Speaker 1: Indeed, Yes, obviously as you say exposed, you know, fuel
Speaker 1: costs going up, jets displaced, they're flying different routes to
Speaker 1: longer routes, using more fuel. So shares have been hugely
Speaker 1: hit today. Again also a slightly mixed bag. There's that
Speaker 1: uncertainty that I mentioned. So you look at Ryanair slightly
Speaker 1: into the green whizz a slightly lower IAG are seeing
Speaker 1: losses a bit more contained today. There's been kind of
Speaker 1: separate news from them that they're adding flights to Asia
Speaker 1: and Africa. There's obviously more long haul demand as people
Speaker 1: want alternatives to Middle East carriers, so iag are putting
Speaker 1: on more flights from London to Singapore and Bangkok, so
Speaker 1: they're using that aircraft that they're not needing at the moment.
Speaker 1: In the Gulf region, Lufthansa is also doing the same,
Speaker 1: so from Germany to Singapore and other locations. And one
Speaker 1: of it, there was a good quote from an aviation
Speaker 1: analyst saying that this is understandable, you know, using of
Speaker 1: their resources. So that's kind of containing some of those
Speaker 1: losses stay and as I say, it's also part of
Speaker 1: that wider story of a bit of a wait and see.
Speaker 1: So a slight mixed bag for.
Speaker 3: Airlines, okay, and what about defense companies inarticular Ryan Mattal
Speaker 3: the latest there.
Speaker 1: Yeah, Rhyme Mattal falling as much as five point five
Speaker 1: percent today, So kind of an individual story there in
Speaker 1: a sense that this is after their twenty twenty six
Speaker 1: sales outlook fell short of estimates. They're predicting sales as
Speaker 1: high as fifteen point five billion euros, that is, gains
Speaker 1: of forty five percent on the year before. But it's
Speaker 1: still short of expectations, So it just shows how high
Speaker 1: the bar is from investors at the moment for defense contractors,
Speaker 1: but also particularly Rhyme Mettal. Obviously it's been a huge
Speaker 1: beneficiary of this uptic in defense spending that we've been
Speaker 1: seeing since Ukraine War in twenty twenty two. Rhyme Mettal
Speaker 1: in particularly, their shares have gained nearly one thousand, eight
Speaker 1: hundred percent since then. So Alyss is saying that, you know,
Speaker 1: disappointing results is disappointing guidance, especially as consensus had already
Speaker 1: dropped a bit in recent weeks, and that that narrative
Speaker 1: has really changed, so investors are really now focused on
Speaker 1: Ryemettal's execution and they're a bit to convert these orders
Speaker 1: into sales. And then they had a slight bit of
Speaker 1: commentary on the Iran War. They're saying that they see
Speaker 1: themselves as world positioned to replenish the US's stockpiles for
Speaker 1: Iran and that some of their air defense systems are
Speaker 1: already in use in the region. But all of that,
Speaker 1: despite that, you know, uptick in sales that fell short
Speaker 1: investments and shares a dragging on.
Speaker 2: That morning, the stock movers report from Bloomberg Radio. Check
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