1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,239 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:17,880 Speaker 3: Well, let's take a look at some stocks on the 5 00:00:17,920 --> 00:00:20,160 Speaker 3: move today in Europe. I'm Stephen Carroll and I'm joined 6 00:00:20,200 --> 00:00:23,240 Speaker 3: by Bloomberg reporter Chloe Malee Chloy. Good morning, Good morning. 7 00:00:23,360 --> 00:00:26,840 Speaker 3: Let's start with a sector that's been booming recently, precious 8 00:00:26,880 --> 00:00:29,160 Speaker 3: metals and a jump for Fresnillo. 9 00:00:29,560 --> 00:00:33,240 Speaker 1: Yeah, Fresnillo is a major beneficiary of the rallying precious 10 00:00:33,280 --> 00:00:35,920 Speaker 1: metals that we have seen over the last few months. 11 00:00:35,960 --> 00:00:38,400 Speaker 1: So it's a silver and gold mine and those are 12 00:00:38,440 --> 00:00:42,120 Speaker 1: those two metals in particular are rallying massively. So there 13 00:00:42,200 --> 00:00:45,000 Speaker 1: is quite a lot of volatility in silver today, but 14 00:00:45,040 --> 00:00:48,440 Speaker 1: it's been on a very impressive run recently. It's recently 15 00:00:48,520 --> 00:00:50,600 Speaker 1: hit an all time peak of eighty four dollars an 16 00:00:50,640 --> 00:00:53,479 Speaker 1: ounce that is compared to less than thirty dollars an 17 00:00:53,479 --> 00:00:55,800 Speaker 1: ounce at the beginning of the year. Is a really 18 00:00:55,920 --> 00:00:58,720 Speaker 1: incredible jump there for silver and gold has also been 19 00:00:58,800 --> 00:01:02,320 Speaker 1: rallying massively and Fresnio that's obviously very good news. And 20 00:01:02,360 --> 00:01:05,640 Speaker 1: the shares actually hit a record this morning. As for 21 00:01:05,720 --> 00:01:08,800 Speaker 1: whether that will continue, some of the factors that fuel 22 00:01:08,880 --> 00:01:11,720 Speaker 1: this metal's rally this year will also be present next year, 23 00:01:11,760 --> 00:01:14,760 Speaker 1: so that might be an indicator of what we can expect. 24 00:01:15,319 --> 00:01:18,800 Speaker 1: We still see the geopolitical tensions that are pushing investors 25 00:01:18,840 --> 00:01:22,160 Speaker 1: towards those safe haven assets. We're also likely to see 26 00:01:22,160 --> 00:01:24,560 Speaker 1: more rate cuts in twenty twenty six, and those lower 27 00:01:24,600 --> 00:01:28,000 Speaker 1: boring costs are good for commodities and then for silver 28 00:01:28,000 --> 00:01:31,240 Speaker 1: in particular. It is also used for some kind of 29 00:01:31,280 --> 00:01:35,640 Speaker 1: real world applications like solar panels, data centers, electronics, and 30 00:01:35,720 --> 00:01:38,080 Speaker 1: all of those things of course, will be a front 31 00:01:38,120 --> 00:01:40,920 Speaker 1: of mind in twenty twenty six, so there is perhaps 32 00:01:40,959 --> 00:01:43,840 Speaker 1: even further to go for that metals rally, and therefore 33 00:01:43,880 --> 00:01:45,480 Speaker 1: for Fresnio shares as well. 34 00:01:45,920 --> 00:01:48,400 Speaker 3: Okay, so that's an interesting one to watch this morning. 35 00:01:48,880 --> 00:01:50,960 Speaker 3: You've also been keeping an eye on defense docs, the 36 00:01:51,040 --> 00:01:53,800 Speaker 3: likes of Ryan Mattal as well further reaction to the 37 00:01:53,840 --> 00:01:55,919 Speaker 3: weekend talks over creature of Ukraine. 38 00:01:56,080 --> 00:01:58,920 Speaker 1: Yeah, so we're seeing today what we have seen repeated 39 00:01:58,960 --> 00:02:01,480 Speaker 1: over the last few weeks, which is that defense shares 40 00:02:01,560 --> 00:02:03,720 Speaker 1: go down when we hear that progress has been made 41 00:02:03,840 --> 00:02:06,400 Speaker 1: on those Ukraine peace talks, and then they go up 42 00:02:06,440 --> 00:02:08,560 Speaker 1: if it looks like the talks are not going as 43 00:02:08,680 --> 00:02:11,919 Speaker 1: that well. So the same thing today because Trump said 44 00:02:12,000 --> 00:02:14,480 Speaker 1: yesterday that he had made a lot of progress in 45 00:02:14,520 --> 00:02:17,720 Speaker 1: the talks with Zelensky over that potential peace deal, and 46 00:02:17,800 --> 00:02:21,320 Speaker 1: Zelenski also saying that the peace framework framework is ninety 47 00:02:21,320 --> 00:02:25,280 Speaker 1: percent agreed. So investors do really react to that kind 48 00:02:25,320 --> 00:02:28,760 Speaker 1: of overall sentiment, maybe also surface level a sentiment, because 49 00:02:28,800 --> 00:02:31,720 Speaker 1: beneath that optimism we know that there has been no 50 00:02:31,919 --> 00:02:34,400 Speaker 1: major breakthrough. There are still issues that need to be 51 00:02:34,480 --> 00:02:36,960 Speaker 1: worked out as part of that peace framework, and it's 52 00:02:37,040 --> 00:02:39,560 Speaker 1: unclear whether Putin would actually be willing to accept that 53 00:02:39,600 --> 00:02:43,240 Speaker 1: framework as well, so that is still unclear. And then 54 00:02:43,320 --> 00:02:46,080 Speaker 1: also a peace deal wouldn't mean necessarily that Europe stops 55 00:02:46,120 --> 00:02:50,359 Speaker 1: investing in military capabilities. But regardless of what is actually 56 00:02:50,360 --> 00:02:54,200 Speaker 1: happening or will happen, that optimistic tone is sending those 57 00:02:54,200 --> 00:02:56,800 Speaker 1: defense stocks down this morning, and we are seeing a 58 00:02:56,800 --> 00:02:59,639 Speaker 1: lot of weakness in the likes of Ryan Mattau, Leonardo 59 00:02:59,680 --> 00:03:00,480 Speaker 1: sab Et, cetera. 60 00:03:01,440 --> 00:03:04,680 Speaker 3: Okay, and another one interesting one you've been watching as well, 61 00:03:04,680 --> 00:03:07,639 Speaker 3: A big job for the biotech from bio Gaia. What's 62 00:03:07,680 --> 00:03:08,200 Speaker 3: going on there? 63 00:03:08,280 --> 00:03:09,800 Speaker 1: Yeah, So that's not a company that I'd heard of 64 00:03:09,840 --> 00:03:13,200 Speaker 1: before actually, but they make probiotic supplements for things like 65 00:03:13,240 --> 00:03:15,720 Speaker 1: gut health and immunity, things like that. This is of 66 00:03:15,720 --> 00:03:18,000 Speaker 1: course something that is kind of all the rage at 67 00:03:18,000 --> 00:03:21,040 Speaker 1: the moment, part of that broader wellness boom, with everyone 68 00:03:21,080 --> 00:03:24,080 Speaker 1: caring a lot about their protein intake and gut biome 69 00:03:24,320 --> 00:03:24,960 Speaker 1: and all of that. 70 00:03:25,080 --> 00:03:27,079 Speaker 3: You haven't gotten it from Turkey over last. 71 00:03:26,840 --> 00:03:30,239 Speaker 1: Week, Yeah, exactly, But bio guys up this morning after 72 00:03:30,360 --> 00:03:34,000 Speaker 1: DNB Carnegie raised the price target on that stock and 73 00:03:34,040 --> 00:03:36,880 Speaker 1: said that they could see margins recover quite a lot 74 00:03:36,880 --> 00:03:39,720 Speaker 1: in twenty twenty six, and they expect really strong sales 75 00:03:39,760 --> 00:03:41,840 Speaker 1: growth for that and the end of this year for 76 00:03:42,200 --> 00:03:44,880 Speaker 1: the fourth quarter, and then that momentum for earnings to 77 00:03:44,960 --> 00:03:47,560 Speaker 1: continue and to be really strong and next year. So 78 00:03:47,720 --> 00:03:50,080 Speaker 1: all around, is really good news for bio Gaia and 79 00:03:50,120 --> 00:03:52,840 Speaker 1: this bit of confidence that has boosted those shares this morning. 80 00:03:54,120 --> 00:03:58,160 Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with 81 00:03:58,240 --> 00:04:00,800 Speaker 2: us throughout the day for the latest round of companies 82 00:04:00,880 --> 00:04:04,000 Speaker 2: making news on Wall Street and for the latest market 83 00:04:04,000 --> 00:04:08,480 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 84 00:04:08,560 --> 00:04:12,080 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 85 00:04:12,160 --> 00:04:13,600 Speaker 2: the Bloomberg Business app.