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 2: and that.
Speaker 3: It's time to check in on some of the stocks
Speaker 3: on the move today in Europe. I'm Stephen Carroll and
Speaker 3: I'm joined by Bloomberg's Coe Melle for more on this. Koe,
Speaker 3: Good morning morning. So all eyes on oil price as
Speaker 3: we're looking at that situation in Venezuela. How are we
Speaker 3: seeing the response in oil companies.
Speaker 1: Yeah, well it's it's a little bit weak. So BP, Shell,
Speaker 1: toteal Any, all of them were down this morning on
Speaker 1: this latest development. So Trump said that Venezuela would send
Speaker 1: fifty million barrels of oil to the US, which is
Speaker 1: worth about two point eight billion dollars, and the announcement
Speaker 1: sent oil prices falling, and of course when oil price
Speaker 1: is a week, shares in oil companies do tend to follow.
Speaker 1: It's worth saying that the amount of oil that we're
Speaker 1: talking about here is fairly insignificant economically and it will
Speaker 1: not necessarily meaningfully change the supply in the market. But politically,
Speaker 1: of course, it is a big move and it has
Speaker 1: consequences even beyond Venezuela as well. In particulars it is
Speaker 1: a big blow to China, which is a top buyer
Speaker 1: of Venezuela and oil and also really close partner to
Speaker 1: that country, and it seems that Trump is really trying
Speaker 1: to kind of tighten that grip on Venezuela, and the
Speaker 1: administration reportedly demanded that the country reduced its economic ties
Speaker 1: to China, Russia, Iran in Cuba. And so this is
Speaker 1: of course a situation that's still in flags theale a
Speaker 1: few details at the moment on the actual process of
Speaker 1: sending those barrels to the US. So this is definitely
Speaker 1: something to keep an eye on and to keep an
Speaker 1: eye on what it means as well for those oil companies.
Speaker 3: Yeah, certainly when we're monitoring throughout the day as well,
Speaker 3: particularly as we look at pre market in the US too,
Speaker 3: with a big jump yesterday and Chevron shares turning to
Speaker 3: Sweden next, the industrial company Atlas Copco gaining today. Why.
Speaker 1: Yeah, So, adlas Copco is a company that makes things
Speaker 1: like vacuum solutions and compressors. So on the face of it,
Speaker 1: that doesn't sound super interesting, but it is a major
Speaker 1: Swedish industrial company, and if it is doing well, it
Speaker 1: tells us a lot about the recovery in the industrial
Speaker 1: sector and where momentum is actually kind of picking up.
Speaker 1: And so Atlas COPCOA was just upgraded at Bernstein with
Speaker 1: analysts as saying that earnings at bottomed and that a
Speaker 1: rebound was on the way. And this is something that
Speaker 1: other analysts have flagged as well, previously saying that orders
Speaker 1: will likely start kind of flowing through again because of
Speaker 1: manufacturing and construction activity starting to recover. Companies are once
Speaker 1: again starting to invest in equipment because there is now
Speaker 1: greater clarity on tariffs, there's more solid demand. You know,
Speaker 1: just yesterday we had chip makers moving higher because of
Speaker 1: an expected recovery in industrial and markets. So this is
Speaker 1: all really part of the same story of companies kind
Speaker 1: of growing more confident, wanting to spend their money, and
Speaker 1: sometimes part of that is that they do need a
Speaker 1: big industrial compressor, and Atlas Copco will be there to
Speaker 1: provide that.
Speaker 3: Poor Atlas Copco saying they're not very interesting lots of life,
Speaker 3: They're interested in these compression machines as well.
Speaker 1: I am interested.
Speaker 3: We all learned something. I'm just saying, let's go to
Speaker 3: the Netherlands next to the parcel locker operator in Post
Speaker 3: dealing with the delivery of bad news. Shares down six
Speaker 3: and a half percent.
Speaker 1: Yeah, yesterday we saw massive gains for that company because
Speaker 1: it announced a big takeover proposal, and sky News then
Speaker 1: reported that the bidder was the private equity firm at International,
Speaker 1: which already owns about six point five percent of Imposts
Speaker 1: but has been selling a lot of that stick in
Speaker 1: recent years. And this followed a period for Imposts of
Speaker 1: being one of the most shorted stocks in Europe. But
Speaker 1: now today we are, after this massive rally that we
Speaker 1: saw yesterday, we are seeing a big drop in the
Speaker 1: shares and analysts are saying that this was triggered by
Speaker 1: profit taking after the rally yesterday, and that profit taking
Speaker 1: might also be because it's still really unclear, really uncertain
Speaker 1: whether a takeover bid would actually materialize, and so investors
Speaker 1: are maybe not quite keen to stick around until they
Speaker 1: figured it out. But there'll be more to follow there
Speaker 1: probably more announcements coming from in Posts at some point
Speaker 1: day led down the line.
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