1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:18,120 --> 00:00:19,680 Speaker 1: Let's take a look at some stocks on the move 5 00:00:19,680 --> 00:00:22,400 Speaker 1: today in Europe. Were joined for that by Bloomberg's equities 6 00:00:22,400 --> 00:00:25,720 Speaker 1: reporter Joe Easton. Joe, European stocks starting the day with 7 00:00:25,760 --> 00:00:29,040 Speaker 1: the biggest intra day gains since twenty twenty what's driving 8 00:00:29,480 --> 00:00:30,280 Speaker 1: the gains today? 9 00:00:30,880 --> 00:00:33,760 Speaker 3: Yes, we're up the most since twenty twenties, you said there, 10 00:00:33,800 --> 00:00:36,640 Speaker 3: But what's really struck me is the volatility this morning 11 00:00:36,680 --> 00:00:39,640 Speaker 3: in the market. We tend to look at those stocks 12 00:00:39,640 --> 00:00:42,360 Speaker 3: that get halted at the open of trading when the 13 00:00:42,400 --> 00:00:45,040 Speaker 3: price rises are too much or too small, And today 14 00:00:45,240 --> 00:00:48,120 Speaker 3: around three hundred of the stock six hundred we're into 15 00:00:48,159 --> 00:00:51,280 Speaker 3: voluntility cults because they rose too much. But in terms 16 00:00:51,320 --> 00:00:53,000 Speaker 3: of the ones driving the games, the ones that I 17 00:00:53,080 --> 00:00:55,920 Speaker 3: picked out where the airlines likes of IAG, they're in 18 00:00:55,960 --> 00:00:59,160 Speaker 3: a British airways. The shipping stocks like Musk up around 19 00:00:59,160 --> 00:01:03,720 Speaker 3: ten percent across those sectors. Also, the carmakers VWBNW, Mercede, 20 00:01:03,760 --> 00:01:09,040 Speaker 3: Stilantis all tearing higher today, really a broad move with 21 00:01:09,560 --> 00:01:12,520 Speaker 3: banks joining in the fund. But the volatility something I 22 00:01:12,560 --> 00:01:15,520 Speaker 3: can't even remember seeing even during the COVID days today 23 00:01:15,720 --> 00:01:18,280 Speaker 3: in all of your time show Eastern and it's been 24 00:01:18,319 --> 00:01:23,360 Speaker 3: a while, yeah exactly. Textocs are also chipping in, chipping in, 25 00:01:23,440 --> 00:01:25,360 Speaker 3: very nice Joe chipping in. Yeah, well we had to 26 00:01:25,360 --> 00:01:28,839 Speaker 3: get a pun in between all the excitement. But so yeah, 27 00:01:28,920 --> 00:01:31,480 Speaker 3: textocs that we're seeing b semi infin in all the 28 00:01:31,680 --> 00:01:37,360 Speaker 3: usual suspects of ASML and also the st micro over 29 00:01:37,400 --> 00:01:39,559 Speaker 3: in Italy some of the biggest games around thirteen percent 30 00:01:39,800 --> 00:01:42,680 Speaker 3: fifteen percent games for some of those docks, given they've 31 00:01:42,680 --> 00:01:45,280 Speaker 3: been hit hard by the sell off related to the tariff, 32 00:01:45,319 --> 00:01:47,920 Speaker 3: so I've not quite as exciting. So what we saw 33 00:01:48,000 --> 00:01:50,640 Speaker 3: in the US where we had in video up around 34 00:01:50,760 --> 00:01:55,279 Speaker 3: nineteen percent, Intel upper similar amount as well, but pretty 35 00:01:55,320 --> 00:01:58,400 Speaker 3: decent games across those moves. But again it's it's a 36 00:01:58,440 --> 00:02:01,559 Speaker 3: completely volatile market at the mom and still not really 37 00:02:01,600 --> 00:02:02,760 Speaker 3: settled down even now. 38 00:02:04,040 --> 00:02:08,200 Speaker 1: Okay, meanwhile, Grocer is heading for the discount, Aile Grocers 39 00:02:08,240 --> 00:02:08,560 Speaker 1: as well. 40 00:02:08,639 --> 00:02:10,760 Speaker 3: Yeah, heading for the discount and d so we had 41 00:02:10,800 --> 00:02:14,600 Speaker 3: Tesco out this morning saying that their profit is at 42 00:02:14,680 --> 00:02:17,679 Speaker 3: dropping down now two things going on their discounting, so 43 00:02:17,880 --> 00:02:21,000 Speaker 3: Audi and Liddle people getting sucked in by that mid 44 00:02:21,080 --> 00:02:23,959 Speaker 3: aisle and also those cheaper prices, so that is meaning 45 00:02:24,280 --> 00:02:27,919 Speaker 3: Tesco Sainsbury's losing market share and also having to cut 46 00:02:27,960 --> 00:02:31,200 Speaker 3: their own prices as well. And then also the national 47 00:02:31,240 --> 00:02:34,680 Speaker 3: insurance costs coming up as was announced by Reeves around 48 00:02:34,720 --> 00:02:38,160 Speaker 3: six months ago, those hitting the profits of Tesco. Tesco 49 00:02:38,200 --> 00:02:41,680 Speaker 3: down around seven cent, Sainsbury's falling as well. We did 50 00:02:41,680 --> 00:02:43,600 Speaker 3: have a profit warning out from Asda a couple of 51 00:02:43,639 --> 00:02:47,080 Speaker 3: weeks ago, so it's kind of a reiteration of that today, 52 00:02:47,520 --> 00:02:50,080 Speaker 3: but it is hitting the grocer's marks and Spencers also 53 00:02:50,160 --> 00:02:51,560 Speaker 3: down a few percentage points. 54 00:02:51,560 --> 00:02:57,040 Speaker 2: This morning the Stock Movers podcast from Bloomberg Radio. Check 55 00:02:57,080 --> 00:02:59,600 Speaker 2: back with us throughout the day for the latest roundup 56 00:02:59,600 --> 00:03:02,360 Speaker 2: of company he's making news on Wall Street and for 57 00:03:02,440 --> 00:03:06,320 Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live. 58 00:03:06,720 --> 00:03:10,000 Speaker 2: Catch us on YouTube, Bloomberg dot com, and on Applecarplay 59 00:03:10,000 --> 00:03:12,560 Speaker 2: and Android Auto with the Bloomberg Business app.