WEBVTT - Tui Rises, Equinor Dips, Maersk Sinks

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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

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

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<v Speaker 1>Let's take a look at some stocks on the move

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<v Speaker 1>today in Europe. I'm Stephen Caroll with Lizzie Burden, and

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<v Speaker 1>we're joined by Bloomberg's Caroline Hepker. Caroline, good to talk

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<v Speaker 1>to you. We're looking, of course at European stock surging

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<v Speaker 1>to this new record high. Who's benefiting from it?

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<v Speaker 3>Yeah, Well, first of all, if you look at the

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<v Speaker 3>traveler leisure sector that's obviously seeing big games this morning,

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<v Speaker 3>so tooy is by some seven percent this morning. If

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<v Speaker 3>you look at the UBS basket of airlines stocks, they're

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<v Speaker 3>trading at the highest level that we've seen since the

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<v Speaker 3>start of the war, the day before the war and

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<v Speaker 3>the twenty seventh of February. Because of course, hopefully if

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<v Speaker 3>this deal does go through, you'll see lower oil prices

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<v Speaker 3>and therefore that being fed into lower jet fuel prices.

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<v Speaker 3>So Lufthansa, Brian Air all benefiting. Also, I know the

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<v Speaker 3>Deutsche Bank strategists have overall closed their relative preference for

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<v Speaker 3>US stogs over their European counterparts, which I think is

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<v Speaker 3>quite interesting. So this again goes to the narrative that

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<v Speaker 3>many people had pointed to if there were a resolution

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<v Speaker 3>to the war in the Middle East that actually might

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<v Speaker 3>be Europe that would become more attractive. So at least

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<v Speaker 3>Deutsche Bank strag is saying that today let's talk about

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<v Speaker 3>the losers then, Caroline, Obviously it's going to be energy

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<v Speaker 3>who's getting baded this morning. Yeah, it's the likes of

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<v Speaker 3>Equinor and Akka BP and var Energy, but also total

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<v Speaker 3>energies are down sort of between four and six percent.

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<v Speaker 3>These are amongst the worst performers. Obviously, they have been

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<v Speaker 3>beneficiaries as we have seen the oil prize shoot up

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<v Speaker 3>from around seventy to seventy two dollars a bour all

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<v Speaker 3>the way to a hive above one hundred and twenty

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<v Speaker 3>six dollars about at the end of April, that for

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<v Speaker 3>brank food futures. And so now those big profits perhaps

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<v Speaker 3>will be tempered as maybe the flow of oil barrels

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<v Speaker 3>through the Strait of Hormus is resumed.

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<v Speaker 1>Yeah, indeed, of course that's one of the key details.

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<v Speaker 1>We're waiting to see how that might work out. As well,

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<v Speaker 1>but you've also been looking at shares in the shipping

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<v Speaker 1>giant mark this morning, which are trading lower.

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<v Speaker 3>Yeah. Absolutely, Marse trading lower again because we saw shipping

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<v Speaker 3>rates spike so much higher that Musk saw benefits of that.

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<v Speaker 3>And so now the big question mark is how quickly

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<v Speaker 3>the shipping routes will actually resume. This still seems really

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<v Speaker 3>quite uncertain, and how quickly those not just the oil

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<v Speaker 3>tankers but all other sorts of shipping will resume. We

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<v Speaker 3>know that this is meant a big dent for things

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<v Speaker 3>like the shipping of a fertilizer products that has a

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<v Speaker 3>huge impact globally. So MRSK is one of the decliners

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<v Speaker 3>again because maybe we'll see a normalization of shipping routes.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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