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 00:00:16,520 --> 00:00:18,360 Speaker 3: Let's take a look at some stocks on the move 5 00:00:18,400 --> 00:00:21,080 Speaker 3: today in Europe. I'm Stephen Carroll and I'm joined by Bloomberg 6 00:00:21,000 --> 00:00:23,720 Speaker 3: reporter Chloe Melee for more. Chloic, good morning, Good morning. 7 00:00:23,960 --> 00:00:28,520 Speaker 3: Let's start then with the basic resources sector. Copper's heading 8 00:00:28,520 --> 00:00:31,600 Speaker 3: for its longest winning streak since twenty seventeen, and glen 9 00:00:31,640 --> 00:00:33,360 Speaker 3: Core is among the companies benefiting from that. 10 00:00:33,640 --> 00:00:36,360 Speaker 1: Yeah. Absolutely, So we were talking yesterday about how good 11 00:00:36,400 --> 00:00:37,839 Speaker 1: it is to be a kind of a gold and 12 00:00:37,880 --> 00:00:41,400 Speaker 1: silver minor because of those pressures metals rallying. But it's 13 00:00:41,440 --> 00:00:44,640 Speaker 1: also great to be a copper mina like glen Cork because, 14 00:00:44,800 --> 00:00:47,879 Speaker 1: as you said, copper is seeing that major rally and 15 00:00:48,000 --> 00:00:51,320 Speaker 1: it is headed for its longest winning run since twenty seventeen, 16 00:00:51,920 --> 00:00:54,480 Speaker 1: and that is because there are growing concerns around the 17 00:00:54,600 --> 00:00:57,200 Speaker 1: supply chain for copper. There's been quite a lot of 18 00:00:57,240 --> 00:01:00,720 Speaker 1: disruptions and some big copper minds at this year, and 19 00:01:01,160 --> 00:01:04,119 Speaker 1: this really tight supply comes at a time when copper 20 00:01:04,160 --> 00:01:07,160 Speaker 1: is in really high demand because it's a crucial material 21 00:01:07,319 --> 00:01:11,880 Speaker 1: for a bunch of different things. We're talking about smartphones, fridges, 22 00:01:11,959 --> 00:01:15,080 Speaker 1: electric vehicles, power grids, et cetera. But it's also really 23 00:01:15,160 --> 00:01:17,600 Speaker 1: essential for data centers and of course that is going 24 00:01:17,640 --> 00:01:20,839 Speaker 1: to be very important at heading into next year as well. 25 00:01:21,319 --> 00:01:24,960 Speaker 1: And then we also have traders shipping really big volumes 26 00:01:24,959 --> 00:01:27,520 Speaker 1: into American ports to try and get ahead of any 27 00:01:27,760 --> 00:01:31,160 Speaker 1: potential tariff. So we have this supply and demand dynamic 28 00:01:31,240 --> 00:01:34,160 Speaker 1: that is fueling that rally and glen Core is a 29 00:01:34,200 --> 00:01:37,440 Speaker 1: big beneficiary of that. And we have seen shares rising 30 00:01:37,560 --> 00:01:39,880 Speaker 1: this morning as that rally continues. 31 00:01:40,840 --> 00:01:43,600 Speaker 3: So I want to watch throughout the trading session today 32 00:01:43,680 --> 00:01:47,120 Speaker 3: as well. Turning them to homebuilders in the UK. Been 33 00:01:47,160 --> 00:01:49,760 Speaker 3: watching shares and Vestry Group Why yeah. 34 00:01:49,520 --> 00:01:52,280 Speaker 1: So Vistu housebuilder that it's seeing a bit of weakness 35 00:01:52,280 --> 00:01:56,240 Speaker 1: and usually we uh that weakness in housebuilders happens when 36 00:01:56,240 --> 00:01:59,640 Speaker 1: we get data about the troubled housing market in the UK, 37 00:01:59,800 --> 00:02:02,320 Speaker 1: and today we got some data from Lloyd's about the 38 00:02:02,360 --> 00:02:05,760 Speaker 1: commuter towns around London seeing the biggest drop in house 39 00:02:05,760 --> 00:02:09,040 Speaker 1: prices in twenty twenty five. So we're talking about thirty 40 00:02:09,040 --> 00:02:12,080 Speaker 1: five thousand pounds being wiped off the valuation of the 41 00:02:12,120 --> 00:02:15,560 Speaker 1: average home in a community commuter town like Crawley for example. 42 00:02:16,200 --> 00:02:19,080 Speaker 1: So this really exemplifies that big gap that we are seeing, 43 00:02:19,080 --> 00:02:22,600 Speaker 1: that widening gap between the housing market in and around London, 44 00:02:22,639 --> 00:02:25,160 Speaker 1: which is the most expensive in the country of course, 45 00:02:25,639 --> 00:02:29,480 Speaker 1: and the rest of the UK, so house prices and 46 00:02:29,520 --> 00:02:32,240 Speaker 1: the growth in house prices is actually doing quite well 47 00:02:32,280 --> 00:02:36,120 Speaker 1: in places like Scotland and Yorkshire. In Plymouth Plymouth was 48 00:02:36,160 --> 00:02:38,600 Speaker 1: actually the one where the house price growth was the strongest, 49 00:02:39,160 --> 00:02:41,320 Speaker 1: but not in London and not in the areas around 50 00:02:41,320 --> 00:02:44,560 Speaker 1: London either and that is a problem for housebuilders because 51 00:02:44,560 --> 00:02:47,280 Speaker 1: it really shows kind of the magnitude of the challenges 52 00:02:47,320 --> 00:02:50,160 Speaker 1: that they're facing despite all the planning reform and the 53 00:02:50,200 --> 00:02:53,880 Speaker 1: efforts from the government to try and get that housing 54 00:02:53,880 --> 00:02:54,840 Speaker 1: market back on track. 55 00:02:55,440 --> 00:02:57,160 Speaker 3: Quite like the idea of Plymouth being an answer to 56 00:02:57,200 --> 00:02:58,920 Speaker 3: a quiz question at the end of the year. As 57 00:02:58,960 --> 00:03:03,280 Speaker 3: well as how surprises grew the most this year. Let's 58 00:03:03,320 --> 00:03:05,520 Speaker 3: turn then to the defense sector of course, one we've 59 00:03:05,560 --> 00:03:07,440 Speaker 3: been watching through the whole of the year as well, 60 00:03:07,440 --> 00:03:10,360 Speaker 3: and Ryan mattallan focus again powering gains for the DAKS 61 00:03:10,440 --> 00:03:11,280 Speaker 3: index in Germany. 62 00:03:11,440 --> 00:03:15,080 Speaker 1: Yes, des By kind of ups and downs in recent 63 00:03:15,120 --> 00:03:18,480 Speaker 1: weeks for defense stalks. Ryan Mattau remains the best performer 64 00:03:18,840 --> 00:03:21,040 Speaker 1: on the Dax index this year, and it is a 65 00:03:21,040 --> 00:03:23,760 Speaker 1: big part of the reason why that index is set 66 00:03:23,800 --> 00:03:26,600 Speaker 1: for its biggest annual gain in six years. So there 67 00:03:26,639 --> 00:03:30,679 Speaker 1: is continued enthusiasm for that company, which kind of, regardless 68 00:03:30,720 --> 00:03:33,720 Speaker 1: of what happens with the Ukraine peace process, is set 69 00:03:33,760 --> 00:03:37,440 Speaker 1: to continue to really benefit from Germany's plans to spend 70 00:03:37,440 --> 00:03:41,200 Speaker 1: billions on defense and infrastructure to kind of zone back 71 00:03:41,240 --> 00:03:44,120 Speaker 1: in on. Today we are seeing how those Ukraine peace 72 00:03:44,160 --> 00:03:47,000 Speaker 1: talks are feeding into that stock performance for Ryan Mattau. 73 00:03:47,520 --> 00:03:50,400 Speaker 1: Yesterday we saw that stock down because Trump was saying 74 00:03:50,440 --> 00:03:53,400 Speaker 1: that a lot of progress had been made on peace talks. 75 00:03:53,400 --> 00:03:57,600 Speaker 1: Within today it's because those talks are facing fresh fresh challenges, 76 00:03:57,680 --> 00:04:00,840 Speaker 1: with Putin saying that Ukraine and droons had targeted his 77 00:04:00,920 --> 00:04:05,000 Speaker 1: residents and saying that he would revise a negotiating position 78 00:04:05,160 --> 00:04:08,800 Speaker 1: as a result, and so that is leading to some 79 00:04:08,880 --> 00:04:12,400 Speaker 1: of those defense stocks being highed this morning, including a Ramada. 80 00:04:13,400 --> 00:04:17,440 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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