WEBVTT - Fresnillo Jumps, Rheinmetall Down , BioGaia Gains 

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Well, let's take a look at some stocks on the

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<v Speaker 3>move today in Europe. I'm Stephen Carroll and I'm joined

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<v Speaker 3>by Bloomberg reporter Chloe Malee Chloy. Good morning, Good morning.

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<v Speaker 3>Let's start with a sector that's been booming recently, precious

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<v Speaker 3>metals and a jump for Fresnillo.

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<v Speaker 1>Yeah, Fresnillo is a major beneficiary of the rallying precious

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<v Speaker 1>metals that we have seen over the last few months.

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<v Speaker 1>So it's a silver and gold mine and those are

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<v Speaker 1>those two metals in particular are rallying massively. So there

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<v Speaker 1>is quite a lot of volatility in silver today, but

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<v Speaker 1>it's been on a very impressive run recently. It's recently

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<v Speaker 1>hit an all time peak of eighty four dollars an

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<v Speaker 1>ounce that is compared to less than thirty dollars an

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<v Speaker 1>ounce at the beginning of the year. Is a really

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<v Speaker 1>incredible jump there for silver and gold has also been

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<v Speaker 1>rallying massively and Fresnio that's obviously very good news. And

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<v Speaker 1>the shares actually hit a record this morning. As for

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<v Speaker 1>whether that will continue, some of the factors that fuel

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<v Speaker 1>this metal's rally this year will also be present next year,

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<v Speaker 1>so that might be an indicator of what we can expect.

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<v Speaker 1>We still see the geopolitical tensions that are pushing investors

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<v Speaker 1>towards those safe haven assets. We're also likely to see

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<v Speaker 1>more rate cuts in twenty twenty six, and those lower

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<v Speaker 1>boring costs are good for commodities and then for silver

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<v Speaker 1>in particular. It is also used for some kind of

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<v Speaker 1>real world applications like solar panels, data centers, electronics, and

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<v Speaker 1>all of those things of course, will be a front

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<v Speaker 1>of mind in twenty twenty six, so there is perhaps

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<v Speaker 1>even further to go for that metals rally, and therefore

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<v Speaker 1>for Fresnio shares as well.

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<v Speaker 3>Okay, so that's an interesting one to watch this morning.

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<v Speaker 3>You've also been keeping an eye on defense docs, the

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<v Speaker 3>likes of Ryan Mattal as well further reaction to the

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<v Speaker 3>weekend talks over creature of Ukraine.

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<v Speaker 1>Yeah, so we're seeing today what we have seen repeated

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<v Speaker 1>over the last few weeks, which is that defense shares

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<v Speaker 1>go down when we hear that progress has been made

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<v Speaker 1>on those Ukraine peace talks, and then they go up

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<v Speaker 1>if it looks like the talks are not going as

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<v Speaker 1>that well. So the same thing today because Trump said

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<v Speaker 1>yesterday that he had made a lot of progress in

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<v Speaker 1>the talks with Zelensky over that potential peace deal, and

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<v Speaker 1>Zelenski also saying that the peace framework framework is ninety

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<v Speaker 1>percent agreed. So investors do really react to that kind

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<v Speaker 1>of overall sentiment, maybe also surface level a sentiment, because

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<v Speaker 1>beneath that optimism we know that there has been no

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<v Speaker 1>major breakthrough. There are still issues that need to be

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<v Speaker 1>worked out as part of that peace framework, and it's

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<v Speaker 1>unclear whether Putin would actually be willing to accept that

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<v Speaker 1>framework as well, so that is still unclear. And then

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<v Speaker 1>also a peace deal wouldn't mean necessarily that Europe stops

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<v Speaker 1>investing in military capabilities. But regardless of what is actually

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<v Speaker 1>happening or will happen, that optimistic tone is sending those

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<v Speaker 1>defense stocks down this morning, and we are seeing a

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<v Speaker 1>lot of weakness in the likes of Ryan Mattau, Leonardo

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<v Speaker 1>sab Et, cetera.

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<v Speaker 3>Okay, and another one interesting one you've been watching as well,

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<v Speaker 3>A big job for the biotech from bio Gaia. What's

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<v Speaker 3>going on there?

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<v Speaker 1>Yeah, So that's not a company that I'd heard of

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<v Speaker 1>before actually, but they make probiotic supplements for things like

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<v Speaker 1>gut health and immunity, things like that. This is of

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<v Speaker 1>course something that is kind of all the rage at

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<v Speaker 1>the moment, part of that broader wellness boom, with everyone

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<v Speaker 1>caring a lot about their protein intake and gut biome

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<v Speaker 1>and all of that.

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<v Speaker 3>You haven't gotten it from Turkey over last.

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<v Speaker 1>Week, Yeah, exactly, But bio guys up this morning after

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<v Speaker 1>DNB Carnegie raised the price target on that stock and

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<v Speaker 1>said that they could see margins recover quite a lot

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<v Speaker 1>in twenty twenty six, and they expect really strong sales

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<v Speaker 1>growth for that and the end of this year for

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<v Speaker 1>the fourth quarter, and then that momentum for earnings to

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<v Speaker 1>continue and to be really strong and next year. So

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<v Speaker 1>all around, is really good news for bio Gaia and

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<v Speaker 1>this bit of confidence that has boosted those shares this morning.

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