WEBVTT - Glencore Gains, Vistry Responds, Rheinmetall Powers DAX

0:00:02.520 --> 0:00:07.360
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

0:00:12.480 --> 0:00:15.880
<v Speaker 2>in the stock market. Harnessing the power of Bloomberg Data.

0:00:16.520 --> 0:00:18.360
<v Speaker 3>Let's take a look at some stocks on the move

0:00:18.400 --> 0:00:21.080
<v Speaker 3>today in Europe. I'm Stephen Carroll and I'm joined by Bloomberg

0:00:21.000 --> 0:00:23.720
<v Speaker 3>reporter Chloe Melee for more. Chloic, good morning, Good morning.

0:00:23.960 --> 0:00:28.520
<v Speaker 3>Let's start then with the basic resources sector. Copper's heading

0:00:28.520 --> 0:00:31.600
<v Speaker 3>for its longest winning streak since twenty seventeen, and glen

0:00:31.640 --> 0:00:33.360
<v Speaker 3>Core is among the companies benefiting from that.

0:00:33.640 --> 0:00:36.360
<v Speaker 1>Yeah. Absolutely, So we were talking yesterday about how good

0:00:36.400 --> 0:00:37.839
<v Speaker 1>it is to be a kind of a gold and

0:00:37.880 --> 0:00:41.400
<v Speaker 1>silver minor because of those pressures metals rallying. But it's

0:00:41.440 --> 0:00:44.640
<v Speaker 1>also great to be a copper mina like glen Cork because,

0:00:44.800 --> 0:00:47.879
<v Speaker 1>as you said, copper is seeing that major rally and

0:00:48.000 --> 0:00:51.320
<v Speaker 1>it is headed for its longest winning run since twenty seventeen,

0:00:51.920 --> 0:00:54.480
<v Speaker 1>and that is because there are growing concerns around the

0:00:54.600 --> 0:00:57.200
<v Speaker 1>supply chain for copper. There's been quite a lot of

0:00:57.240 --> 0:01:00.720
<v Speaker 1>disruptions and some big copper minds at this year, and

0:01:01.160 --> 0:01:04.119
<v Speaker 1>this really tight supply comes at a time when copper

0:01:04.160 --> 0:01:07.160
<v Speaker 1>is in really high demand because it's a crucial material

0:01:07.319 --> 0:01:11.880
<v Speaker 1>for a bunch of different things. We're talking about smartphones, fridges,

0:01:11.959 --> 0:01:15.080
<v Speaker 1>electric vehicles, power grids, et cetera. But it's also really

0:01:15.160 --> 0:01:17.600
<v Speaker 1>essential for data centers and of course that is going

0:01:17.640 --> 0:01:20.839
<v Speaker 1>to be very important at heading into next year as well.

0:01:21.319 --> 0:01:24.960
<v Speaker 1>And then we also have traders shipping really big volumes

0:01:24.959 --> 0:01:27.520
<v Speaker 1>into American ports to try and get ahead of any

0:01:27.760 --> 0:01:31.160
<v Speaker 1>potential tariff. So we have this supply and demand dynamic

0:01:31.240 --> 0:01:34.160
<v Speaker 1>that is fueling that rally and glen Core is a

0:01:34.200 --> 0:01:37.440
<v Speaker 1>big beneficiary of that. And we have seen shares rising

0:01:37.560 --> 0:01:39.880
<v Speaker 1>this morning as that rally continues.

0:01:40.840 --> 0:01:43.600
<v Speaker 3>So I want to watch throughout the trading session today

0:01:43.680 --> 0:01:47.120
<v Speaker 3>as well. Turning them to homebuilders in the UK. Been

0:01:47.160 --> 0:01:49.760
<v Speaker 3>watching shares and Vestry Group Why yeah.

0:01:49.520 --> 0:01:52.280
<v Speaker 1>So Vistu housebuilder that it's seeing a bit of weakness

0:01:52.280 --> 0:01:56.240
<v Speaker 1>and usually we uh that weakness in housebuilders happens when

0:01:56.240 --> 0:01:59.640
<v Speaker 1>we get data about the troubled housing market in the UK,

0:01:59.800 --> 0:02:02.320
<v Speaker 1>and today we got some data from Lloyd's about the

0:02:02.360 --> 0:02:05.760
<v Speaker 1>commuter towns around London seeing the biggest drop in house

0:02:05.760 --> 0:02:09.040
<v Speaker 1>prices in twenty twenty five. So we're talking about thirty

0:02:09.040 --> 0:02:12.080
<v Speaker 1>five thousand pounds being wiped off the valuation of the

0:02:12.120 --> 0:02:15.560
<v Speaker 1>average home in a community commuter town like Crawley for example.

0:02:16.200 --> 0:02:19.080
<v Speaker 1>So this really exemplifies that big gap that we are seeing,

0:02:19.080 --> 0:02:22.600
<v Speaker 1>that widening gap between the housing market in and around London,

0:02:22.639 --> 0:02:25.160
<v Speaker 1>which is the most expensive in the country of course,

0:02:25.639 --> 0:02:29.480
<v Speaker 1>and the rest of the UK, so house prices and

0:02:29.520 --> 0:02:32.240
<v Speaker 1>the growth in house prices is actually doing quite well

0:02:32.280 --> 0:02:36.120
<v Speaker 1>in places like Scotland and Yorkshire. In Plymouth Plymouth was

0:02:36.160 --> 0:02:38.600
<v Speaker 1>actually the one where the house price growth was the strongest,

0:02:39.160 --> 0:02:41.320
<v Speaker 1>but not in London and not in the areas around

0:02:41.320 --> 0:02:44.560
<v Speaker 1>London either and that is a problem for housebuilders because

0:02:44.560 --> 0:02:47.280
<v Speaker 1>it really shows kind of the magnitude of the challenges

0:02:47.320 --> 0:02:50.160
<v Speaker 1>that they're facing despite all the planning reform and the

0:02:50.200 --> 0:02:53.880
<v Speaker 1>efforts from the government to try and get that housing

0:02:53.880 --> 0:02:54.840
<v Speaker 1>market back on track.

0:02:55.440 --> 0:02:57.160
<v Speaker 3>Quite like the idea of Plymouth being an answer to

0:02:57.200 --> 0:02:58.920
<v Speaker 3>a quiz question at the end of the year. As

0:02:58.960 --> 0:03:03.280
<v Speaker 3>well as how surprises grew the most this year. Let's

0:03:03.320 --> 0:03:05.520
<v Speaker 3>turn then to the defense sector of course, one we've

0:03:05.560 --> 0:03:07.440
<v Speaker 3>been watching through the whole of the year as well,

0:03:07.440 --> 0:03:10.360
<v Speaker 3>and Ryan mattallan focus again powering gains for the DAKS

0:03:10.440 --> 0:03:11.280
<v Speaker 3>index in Germany.

0:03:11.440 --> 0:03:15.080
<v Speaker 1>Yes, des By kind of ups and downs in recent

0:03:15.120 --> 0:03:18.480
<v Speaker 1>weeks for defense stalks. Ryan Mattau remains the best performer

0:03:18.840 --> 0:03:21.040
<v Speaker 1>on the Dax index this year, and it is a

0:03:21.040 --> 0:03:23.760
<v Speaker 1>big part of the reason why that index is set

0:03:23.800 --> 0:03:26.600
<v Speaker 1>for its biggest annual gain in six years. So there

0:03:26.639 --> 0:03:30.679
<v Speaker 1>is continued enthusiasm for that company, which kind of, regardless

0:03:30.720 --> 0:03:33.720
<v Speaker 1>of what happens with the Ukraine peace process, is set

0:03:33.760 --> 0:03:37.440
<v Speaker 1>to continue to really benefit from Germany's plans to spend

0:03:37.440 --> 0:03:41.200
<v Speaker 1>billions on defense and infrastructure to kind of zone back

0:03:41.240 --> 0:03:44.120
<v Speaker 1>in on. Today we are seeing how those Ukraine peace

0:03:44.160 --> 0:03:47.000
<v Speaker 1>talks are feeding into that stock performance for Ryan Mattau.

0:03:47.520 --> 0:03:50.400
<v Speaker 1>Yesterday we saw that stock down because Trump was saying

0:03:50.440 --> 0:03:53.400
<v Speaker 1>that a lot of progress had been made on peace talks.

0:03:53.400 --> 0:03:57.600
<v Speaker 1>Within today it's because those talks are facing fresh fresh challenges,

0:03:57.680 --> 0:04:00.840
<v Speaker 1>with Putin saying that Ukraine and droons had targeted his

0:04:00.920 --> 0:04:05.000
<v Speaker 1>residents and saying that he would revise a negotiating position

0:04:05.160 --> 0:04:08.800
<v Speaker 1>as a result, and so that is leading to some

0:04:08.880 --> 0:04:12.400
<v Speaker 1>of those defense stocks being highed this morning, including a Ramada.

0:04:13.400 --> 0:04:17.440
<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

0:04:17.520 --> 0:04:20.080
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:20.160 --> 0:04:23.280
<v Speaker 2>making news on Wall Street. And for the latest market

0:04:23.279 --> 0:04:27.760
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,

0:04:27.839 --> 0:04:31.359
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:04:31.440 --> 0:04:32.920
<v Speaker 2>the Bloomberg Business app.