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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Well, let's take a look at some stocks on the

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Speaker 1: move today in Europe. I'm Stephen Carroll and I'm joined

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Speaker 1: by Bloomberg reporter Chloe Melet. Chloe, good morning. Let's start

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Speaker 1: then with Fresnello, the gold and silver miner being hit

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Speaker 1: by the precious metal seal off.

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Speaker 3: Yeah.

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Speaker 4: Absolutely, We've got used to seeing miners in the green

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Speaker 4: for the last few weeks, but now there's quite a

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Speaker 4: dramatic reversal and we are seeing those miners down the

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Speaker 4: kind of across the.

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Speaker 3: Board this morning.

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Speaker 4: And as you mentioned Fresno, the golden silver minor, where

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Speaker 4: we're also seeing in Deva Mining, glen Core, Anglo American

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Speaker 4: all down this morning, and that is because a copper, gold,

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Speaker 4: silver prices are all falling, reversing the massive rally that

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Speaker 4: we had seen at the beginning of the year. And

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Speaker 4: the cell off pretty started on Friday when Trump named

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Speaker 4: Kevin Walsh as the next Vecha that this was seen

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Speaker 4: as quite a hawkish pick, and that boosted the dollar

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Speaker 4: and then led those commodity prices lower to really tumble

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Speaker 4: from their record highs.

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Speaker 3: And there's because wash getting the.

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Speaker 4: Job essentially raises expectations of a title monetary policy and

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Speaker 4: that is not necessarily favorable to commodities. And for example, gold,

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Speaker 4: we saw the biggest plunge in more than a decade

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Speaker 4: on Friday, so a really massive sell off that continues today,

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Speaker 4: and that is having an impact on miners, of.

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Speaker 3: Course, and this FED pick was really the trigger.

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Speaker 4: But then the volatility of the market in the run

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Speaker 4: up to that made extreme moves and prices very likely,

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Speaker 4: and then it did end up happening. And now the

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Speaker 4: direction of the market from here will really be determined

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Speaker 4: by whether Chinese investors by the dip or not, so

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Speaker 4: that will be really going to be the focus now.

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Speaker 3: But in the meantime, we are seeing those miners in

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Speaker 3: the end. Yeah.

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Speaker 1: Indeed, for I look currently down by five point nine

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Speaker 1: percent in the opposite direction. Now we've got Pandora shares

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Speaker 1: up eight point three percent in co and Hagen this morning.

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Speaker 3: A big job for the juiler. Yeah, So for every

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Speaker 3: loser there is a winner.

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Speaker 4: And the fact that silver prices are down, it's actually

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Speaker 4: great news for a company like Pandora, which of.

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Speaker 3: Course makes jewelry.

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Speaker 4: The price of silver was actually a big concern before

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Speaker 4: that this massive sell off, and on Friday we even

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Speaker 4: saw Pandora being downgraded by SEB analysts because of that,

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Speaker 4: with the analyst saying that the company was really taking

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Speaker 4: a beating from the really high silver prices and then

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Speaker 4: also the slowdown in the US market. But then chares

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Speaker 4: actually rose on Friday because that downgrade was actually overshadowed

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Speaker 4: by the massive sell off in precious metals, and that

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Speaker 4: is continuing today and we're seeing Pandora shares really strong

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Speaker 4: this morning because of that silver sell off, and that

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Speaker 4: puts Pandora in quite good shape ahead of results later

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Speaker 4: this week.

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Speaker 3: Of course, the numbers may still be a little bit muted.

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Speaker 4: We have we had preliminary numbers that indicated that sales

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Speaker 4: growth was perhaps missing the guidance range.

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Speaker 3: But the outlook might get a little.

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Speaker 4: Brighter at least for now because because of those lower

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Speaker 4: silver prices.

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Speaker 1: Chloe, one of my favorite parts of this segment is

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Speaker 1: where we get to talk about companies that we don't

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Speaker 1: talk about very often. This morning, it's auction Technology down

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Speaker 1: eight point seven percent, they accorded to the DAS function

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Speaker 1: on the terminal operates an online curated marketplaces and propriety

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Speaker 1: auction platform technology.

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Speaker 3: Why are the shares down?

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Speaker 4: Yeah, So it's an auction marketplace that essentially connects bidders, collectors, businesses.

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Speaker 4: And it fell this morning because fitzwal To Capital said

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Speaker 4: that it will not make another bid for the firm

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Speaker 4: after its offer was rejected last week. So this kind

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Speaker 4: of this all started earlier this year when Auction Technology

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Speaker 4: as saying that it had rejected eleven unsolicited proposal from

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Speaker 4: fitzwal To Capital and had rejected the latest offer because

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Speaker 4: it fundamentally undervalued the company. And then Fitzwalter was then

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Speaker 4: considering another off, an improved one, and then Auction Technology

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Speaker 4: rejected that one too, saying that it still undervalues the company.

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Speaker 4: And so now Fitzwalter is walking away completely and we're

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Speaker 4: seeing investors be quite disappointed with that, and the shares

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Speaker 4: falling very sharply for Auction Technology today.

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Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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