Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Well, let's take a look at some stocks on the
Speaker 3: move today in Europe. I'm Stephen Carroll and I'm joined
Speaker 3: by Bloomberg reporter Chloe Malee Chloy. Good morning, Good morning.
Speaker 3: Let's start with a sector that's been booming recently, precious
Speaker 3: metals and a jump for Fresnillo.
Speaker 1: Yeah, Fresnillo is a major beneficiary of the rallying precious
Speaker 1: metals that we have seen over the last few months.
Speaker 1: So it's a silver and gold mine and those are
Speaker 1: those two metals in particular are rallying massively. So there
Speaker 1: is quite a lot of volatility in silver today, but
Speaker 1: it's been on a very impressive run recently. It's recently
Speaker 1: hit an all time peak of eighty four dollars an
Speaker 1: ounce that is compared to less than thirty dollars an
Speaker 1: ounce at the beginning of the year. Is a really
Speaker 1: incredible jump there for silver and gold has also been
Speaker 1: rallying massively and Fresnio that's obviously very good news. And
Speaker 1: the shares actually hit a record this morning. As for
Speaker 1: whether that will continue, some of the factors that fuel
Speaker 1: this metal's rally this year will also be present next year,
Speaker 1: so that might be an indicator of what we can expect.
Speaker 1: We still see the geopolitical tensions that are pushing investors
Speaker 1: towards those safe haven assets. We're also likely to see
Speaker 1: more rate cuts in twenty twenty six, and those lower
Speaker 1: boring costs are good for commodities and then for silver
Speaker 1: in particular. It is also used for some kind of
Speaker 1: real world applications like solar panels, data centers, electronics, and
Speaker 1: all of those things of course, will be a front
Speaker 1: of mind in twenty twenty six, so there is perhaps
Speaker 1: even further to go for that metals rally, and therefore
Speaker 1: for Fresnio shares as well.
Speaker 3: Okay, so that's an interesting one to watch this morning.
Speaker 3: You've also been keeping an eye on defense docs, the
Speaker 3: likes of Ryan Mattal as well further reaction to the
Speaker 3: weekend talks over creature of Ukraine.
Speaker 1: Yeah, so we're seeing today what we have seen repeated
Speaker 1: over the last few weeks, which is that defense shares
Speaker 1: go down when we hear that progress has been made
Speaker 1: on those Ukraine peace talks, and then they go up
Speaker 1: if it looks like the talks are not going as
Speaker 1: that well. So the same thing today because Trump said
Speaker 1: yesterday that he had made a lot of progress in
Speaker 1: the talks with Zelensky over that potential peace deal, and
Speaker 1: Zelenski also saying that the peace framework framework is ninety
Speaker 1: percent agreed. So investors do really react to that kind
Speaker 1: of overall sentiment, maybe also surface level a sentiment, because
Speaker 1: beneath that optimism we know that there has been no
Speaker 1: major breakthrough. There are still issues that need to be
Speaker 1: worked out as part of that peace framework, and it's
Speaker 1: unclear whether Putin would actually be willing to accept that
Speaker 1: framework as well, so that is still unclear. And then
Speaker 1: also a peace deal wouldn't mean necessarily that Europe stops
Speaker 1: investing in military capabilities. But regardless of what is actually
Speaker 1: happening or will happen, that optimistic tone is sending those
Speaker 1: defense stocks down this morning, and we are seeing a
Speaker 1: lot of weakness in the likes of Ryan Mattau, Leonardo
Speaker 1: sab Et, cetera.
Speaker 3: Okay, and another one interesting one you've been watching as well,
Speaker 3: A big job for the biotech from bio Gaia. What's
Speaker 3: going on there?
Speaker 1: Yeah, So that's not a company that I'd heard of
Speaker 1: before actually, but they make probiotic supplements for things like
Speaker 1: gut health and immunity, things like that. This is of
Speaker 1: course something that is kind of all the rage at
Speaker 1: the moment, part of that broader wellness boom, with everyone
Speaker 1: caring a lot about their protein intake and gut biome
Speaker 1: and all of that.
Speaker 3: You haven't gotten it from Turkey over last.
Speaker 1: Week, Yeah, exactly, But bio guys up this morning after
Speaker 1: DNB Carnegie raised the price target on that stock and
Speaker 1: said that they could see margins recover quite a lot
Speaker 1: in twenty twenty six, and they expect really strong sales
Speaker 1: growth for that and the end of this year for
Speaker 1: the fourth quarter, and then that momentum for earnings to
Speaker 1: continue and to be really strong and next year. So
Speaker 1: all around, is really good news for bio Gaia and
Speaker 1: this bit of confidence that has boosted those shares this morning.
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