Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Now, let's have a look at some of the markets
Speaker 3: on the move today here in Europe. I'm Caroline Hepka
Speaker 3: and I'm joined by Bloomberg Report clomb Lake.
Speaker 1: Good morning, Chloe. It moves to the oil price.
Speaker 3: Of course, it means that we've seen these twists and
Speaker 3: turns in US Iran negotiations, the Strait of hor moves
Speaker 3: and remaining clothes. How are some of the big oil
Speaker 3: majors responding to again a jumping prices.
Speaker 4: Yeah, well they are once again in the green that
Speaker 4: this morning. So, as you mentioned, those tensions in the
Speaker 4: Middle East have fled up once again. We had the
Speaker 4: US Navy seizing and Iranian ship and then around firing
Speaker 4: at vessels and reimposing controls in the Strait of Horror moves.
Speaker 4: So all of this seems to be pointing to a
Speaker 4: sustained disruption of global energy supplies, which of course is
Speaker 4: leading oil majors in the green, while the majority of
Speaker 4: other sectors are definitely weaker today. So the two weeks
Speaker 4: is fire is set to expire a Tuesday, So now
Speaker 4: the focus is now is really shifting on whether the
Speaker 4: US and Iron can resume negotiations and actually find the
Speaker 4: way to reopen the straight around signal that it may
Speaker 4: not join a second round of talks this week if
Speaker 4: the US maintains its naval blockade, and then Trump threatened
Speaker 4: on Sunday morning to destroy every power plant and bridgin
Speaker 4: around if negotiations fail. So there's been at the moment
Speaker 4: no major breakdown and sees fire talks but also no
Speaker 4: sign to the major breakthrough is also in the cars
Speaker 4: either and so as usual that is benefiting those oil majors.
Speaker 3: Absolutely BP, but you also see any repsol total energies,
Speaker 3: equinor AKABP. They're all in the best performers top ten
Speaker 3: best performers today. On the flip side, two E and
Speaker 3: Ryeranner seeing significant share price declines.
Speaker 1: Why yeah, the two size of the same coin.
Speaker 4: Really all prices being up means that all majors are
Speaker 4: in the green, but it also guarantees often that airlines.
Speaker 1: Are going to be in the red.
Speaker 4: So as you say, obviou slyly Ryanair twoy, all of
Speaker 4: this airline and travel stocks struggling today because higher fuel
Speaker 4: costs are of course a major concern. We had easy
Speaker 4: Jet last week warning of a loss because of that disruption,
Speaker 4: and the industry is also increasingly worried about potential fuel shortages.
Speaker 4: So that's especially worrying now that we're heading into the
Speaker 4: very busy and the usually very lucrative summer travel season
Speaker 4: as well. So industry experts are warning that travelers will
Speaker 4: face a lot more disruption in the next few months.
Speaker 4: We've already seen some flight cancelations, more planes being grounded,
Speaker 4: and so those cuts two schedules are likely to get worse.
Speaker 4: So that means that your route might not be available anymore,
Speaker 4: or it might be a lot more expensive. So it's
Speaker 4: not just those share prices for Ryanair and two that
Speaker 4: are hurting, but potentially all of our wallets as well.
Speaker 3: Yeah. Absolutely, I'm seeing lots of news and articles about
Speaker 3: steaks here in the UK, people not wanting to risk it,
Speaker 3: or just lots of different regions, nations and regions, Scotland,
Speaker 3: you know, advertising holidays. I see that all over the place.
Speaker 3: But there's also other news to think about. So in
Speaker 3: banks a UniCredit this morning what's been happening there.
Speaker 1: Yeah, UniCredit is stepping up.
Speaker 4: It's a pursuit of Commerce Bank, and it has been
Speaker 4: quite critical of its target.
Speaker 1: So to side just a few things that it's said.
Speaker 4: It said that Commons Bank had a story of operating underperformance,
Speaker 4: that it was over valued relative to fundamentals, and that
Speaker 4: it suffers from structural weaknesses that are only masked by
Speaker 4: financial tailwinds. And so it said that Commons Bank should
Speaker 4: intensify its focus on a couple of key markets or
Speaker 4: Germany and Poland, and scale back its international operations. And
Speaker 4: so this is coming as UniCredit recently presented a full
Speaker 4: blown takeover offer for commerce Bank and that is set
Speaker 4: to kick off next month. But of course, throughout the
Speaker 4: pursuit from UniCredit, which started back in twenty twenty four,
Speaker 4: Commerce Bank has been pushing back and so we're going
Speaker 4: to be watching out for any new developments. Their shares
Speaker 4: and Commerce Bank did rise this morning on the back
Speaker 4: of this, but UniCredit shares were a little weaker, so
Speaker 4: we'll be looking up for the next steps.
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