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 1: Let's take a.
Speaker 3: Look at some of the stocks on the move today
Speaker 3: in Europe. I'm Ja's Walcock here with Stephen Carroll and
Speaker 3: we're joined by Bloomberg reporter Louise Moon. So, Louise, European
Speaker 3: carmaker shares they're falling this morning after Trump raised tariffs
Speaker 3: on EU cars and trucks of twenty five percent.
Speaker 1: What are you watching?
Speaker 4: Indeed, Yeah, so we're watching the likes of BMW, Volkswagen, Mercedes, Benz, Stilantis.
Speaker 4: But really across the board, they're all falling into the
Speaker 4: red after this.
Speaker 1: As you say, Trump race Harris is twenty five percent.
Speaker 4: He said that won't apply to cars that are built
Speaker 4: in US factories.
Speaker 1: So those four companies that I mentioned, they do all.
Speaker 4: Have a have a presence in the US, but of
Speaker 4: course it'll make they don't make all their models there
Speaker 4: and so as I say, weighing on their star price
Speaker 4: this morning. Obviously this is all part of Trump trying
Speaker 4: to force carmakers to move more production at a faster
Speaker 4: pace to America, and it's fresh volatility for a lot
Speaker 4: of these stocks. There's been you know, whipsaw trade policies
Speaker 4: around this from Trump. So as I say, they do
Speaker 4: all have a significant footprint in the US, but only
Speaker 4: for certain models and already struggling to make profits because
Speaker 4: of all these headwinds are facing, including tariff. So BMW
Speaker 4: down about two percent, Silantis slightly down, Mercedes and yeah,
Speaker 4: Mercedes over about one percent, So slight falls, not drastic,
Speaker 4: but we are seeing falls there across Europe for carmakers.
Speaker 5: And now to a brand that I suppose was really
Speaker 5: the top of everyone's mind in the arts and the
Speaker 5: twenty tens, Nokia or Nokia depending on your pronunciation, guys,
Speaker 5: lots has happened to the company since then, but it
Speaker 5: shares hitting their highest level since twenty ten. What's going on?
Speaker 4: Yeah, they're up over eight percent today, as you say,
Speaker 4: really rallying. They're seemingly caught up in this wider tech
Speaker 4: rally that we're seeing in Europe, and also it's been
Speaker 4: playing out in Asia as well. So Asia totally rallying
Speaker 4: on the back of this tech and AI trade. It's
Speaker 4: partly after a lot of these megacap earnings in America
Speaker 4: last Friday, adding more fuel to this wider tech and
Speaker 4: AI theme. Analysts are saying that investors will continue to
Speaker 4: chase down what they perceive to be the winners within
Speaker 4: that space, So returning that again to the forefront, and
Speaker 4: then this is now playing out in Europe. Obviously European
Speaker 4: markets closed on Friday, so Nokia seems to be caught
Speaker 4: up in that wider rally. Also looking at the likes
Speaker 4: of asml B semi Infinian also rising as well this morning,
Speaker 4: not quite as much as Nokia, but they are also
Speaker 4: in the green. Infinian's also got their earnings latest week,
Speaker 4: so we'll be keeping an eye on that to see,
Speaker 4: you know, how they're doing and if this rally actually
Speaker 4: plays through in their numbers. But Tech more widely, Yeah,
Speaker 4: rallying across Europe and Nokia right at the top of that.
Speaker 3: And do you have an industrial engineering from tist and Krupp.
Speaker 3: It's on mouth this morning tell us why.
Speaker 4: So news over the weekend that so they have been
Speaker 4: in talks with a company called Jenelle Steel, an Indian
Speaker 4: company who was going to buy a stake into some
Speaker 4: crap steel unit.
Speaker 1: So they first offered in September.
Speaker 4: Since then, there's been a bit of doubt whether or
Speaker 4: not that would actually happen and play out, and now
Speaker 4: those talks have been paused. Tust and CRAB are saying that,
Speaker 4: you know, the original assumptions and prerequisites around a potential
Speaker 4: deal have changed. They say they're making progress on their unit,
Speaker 4: on realigning their unit. There's a more favorable regulatory environment,
Speaker 4: so a bit more stabilization there and a bit more growth.
Speaker 4: So those talks have been paused and shares actually taking
Speaker 4: higher on the back of this, so potentially well investors
Speaker 4: are kind of welcoming that positive sentiment from Tust and
Speaker 4: CRUP despite that m and a deal at least for
Speaker 4: the moment not happening.
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