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 take a look at some stocks on the move
Speaker 3: today in Europe. I'm Stephen Carroll and I'm joined by Bloomberg
Speaker 3: reporter Chloe Melee for more. Chloic, good morning, Good morning.
Speaker 3: Let's start then with the basic resources sector. Copper's heading
Speaker 3: for its longest winning streak since twenty seventeen, and glen
Speaker 3: Core is among the companies benefiting from that.
Speaker 1: Yeah. Absolutely, So we were talking yesterday about how good
Speaker 1: it is to be a kind of a gold and
Speaker 1: silver minor because of those pressures metals rallying. But it's
Speaker 1: also great to be a copper mina like glen Cork because,
Speaker 1: as you said, copper is seeing that major rally and
Speaker 1: it is headed for its longest winning run since twenty seventeen,
Speaker 1: and that is because there are growing concerns around the
Speaker 1: supply chain for copper. There's been quite a lot of
Speaker 1: disruptions and some big copper minds at this year, and
Speaker 1: this really tight supply comes at a time when copper
Speaker 1: is in really high demand because it's a crucial material
Speaker 1: for a bunch of different things. We're talking about smartphones, fridges,
Speaker 1: electric vehicles, power grids, et cetera. But it's also really
Speaker 1: essential for data centers and of course that is going
Speaker 1: to be very important at heading into next year as well.
Speaker 1: And then we also have traders shipping really big volumes
Speaker 1: into American ports to try and get ahead of any
Speaker 1: potential tariff. So we have this supply and demand dynamic
Speaker 1: that is fueling that rally and glen Core is a
Speaker 1: big beneficiary of that. And we have seen shares rising
Speaker 1: this morning as that rally continues.
Speaker 3: So I want to watch throughout the trading session today
Speaker 3: as well. Turning them to homebuilders in the UK. Been
Speaker 3: watching shares and Vestry Group Why yeah.
Speaker 1: So Vistu housebuilder that it's seeing a bit of weakness
Speaker 1: and usually we uh that weakness in housebuilders happens when
Speaker 1: we get data about the troubled housing market in the UK,
Speaker 1: and today we got some data from Lloyd's about the
Speaker 1: commuter towns around London seeing the biggest drop in house
Speaker 1: prices in twenty twenty five. So we're talking about thirty
Speaker 1: five thousand pounds being wiped off the valuation of the
Speaker 1: average home in a community commuter town like Crawley for example.
Speaker 1: So this really exemplifies that big gap that we are seeing,
Speaker 1: that widening gap between the housing market in and around London,
Speaker 1: which is the most expensive in the country of course,
Speaker 1: and the rest of the UK, so house prices and
Speaker 1: the growth in house prices is actually doing quite well
Speaker 1: in places like Scotland and Yorkshire. In Plymouth Plymouth was
Speaker 1: actually the one where the house price growth was the strongest,
Speaker 1: but not in London and not in the areas around
Speaker 1: London either and that is a problem for housebuilders because
Speaker 1: it really shows kind of the magnitude of the challenges
Speaker 1: that they're facing despite all the planning reform and the
Speaker 1: efforts from the government to try and get that housing
Speaker 1: market back on track.
Speaker 3: Quite like the idea of Plymouth being an answer to
Speaker 3: a quiz question at the end of the year. As
Speaker 3: well as how surprises grew the most this year. Let's
Speaker 3: turn then to the defense sector of course, one we've
Speaker 3: been watching through the whole of the year as well,
Speaker 3: and Ryan mattallan focus again powering gains for the DAKS
Speaker 3: index in Germany.
Speaker 1: Yes, des By kind of ups and downs in recent
Speaker 1: weeks for defense stalks. Ryan Mattau remains the best performer
Speaker 1: on the Dax index this year, and it is a
Speaker 1: big part of the reason why that index is set
Speaker 1: for its biggest annual gain in six years. So there
Speaker 1: is continued enthusiasm for that company, which kind of, regardless
Speaker 1: of what happens with the Ukraine peace process, is set
Speaker 1: to continue to really benefit from Germany's plans to spend
Speaker 1: billions on defense and infrastructure to kind of zone back
Speaker 1: in on. Today we are seeing how those Ukraine peace
Speaker 1: talks are feeding into that stock performance for Ryan Mattau.
Speaker 1: Yesterday we saw that stock down because Trump was saying
Speaker 1: that a lot of progress had been made on peace talks.
Speaker 1: Within today it's because those talks are facing fresh fresh challenges,
Speaker 1: with Putin saying that Ukraine and droons had targeted his
Speaker 1: residents and saying that he would revise a negotiating position
Speaker 1: as a result, and so that is leading to some
Speaker 1: of those defense stocks being highed this morning, including a Ramada.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street. And for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.