Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
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Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's take a look now at some stocks on the
Speaker 3: move today in Europe. I'm Stephen Carroll and we're joined
Speaker 3: by Bloomberg's equities reporter Joe Easton. Joe, good morning. We
Speaker 3: have been watching drinks companies shares in Europe this morning,
Speaker 3: this as China has issued a ruling in its anti
Speaker 3: dumping probe into into EU. Brandy Imports tell us more.
Speaker 1: Big news coming for the drink space, something that we've
Speaker 1: been watching for a long time since you mentioned they're
Speaker 1: China giving this update. They're going to slap these levees
Speaker 1: on the drinks, specifically Brandy. Now potentially they're going to
Speaker 1: be putting a duty ranging from twenty seven percent to
Speaker 1: thirty five percent. Now, we actually saw a big drop
Speaker 1: down in companies like Remy, Quantro Pernrico, Diagio, LVMA Chieven.
Speaker 1: How they have since recovered because analysts are actually kind
Speaker 1: of saying trainers saying that this looks a little bit
Speaker 1: better than fared. So some drinks makers may actually be
Speaker 1: able to avoid these tariffs if they fulfill price pledges.
Speaker 1: So if they agree to the price levels at that
Speaker 1: China wants them too. And also there were previous reports
Speaker 1: that the levees could be as high as thirty nine
Speaker 1: percent rather than the thirty five percent that's been announced
Speaker 1: a few moments ago. So they are rebounding, remy actually
Speaker 1: higher now after dropping seven percents. That one is up
Speaker 1: around almost one percent at the moment, and the other
Speaker 1: stocks rebounding. But really volatile and interesting session for the
Speaker 1: drink stocks.
Speaker 3: Yeah, certainly we've been watching them with interest. And I've
Speaker 3: also been playing that game of who owns which brand?
Speaker 3: Which I can never remember in this situation, so I
Speaker 3: wasn't was not sure about why I had to google
Speaker 3: that one. And of course at least the H in
Speaker 3: LVMH is Hennessy, so that's an easy one to remain.
Speaker 1: Is the is the M?
Speaker 2: I think the Yes, Yes, this is a fun game.
Speaker 3: We should playing more. Yeah, to talk us through what
Speaker 3: else is moving? We're looking at trade exposed miners and
Speaker 3: automakers among the decliners.
Speaker 1: Yes, so we are seeing some weakness in the auto
Speaker 1: makers also the miners, as you mentioned that a lot
Speaker 1: of that is due to the kind of tariff uncertainty
Speaker 1: that we're seeing, particularly in stuff coming out of China.
Speaker 1: What are they going to do next on that? But
Speaker 1: one stock I am seeing to the upside is Ryan Mattow. Now,
Speaker 1: the company held a prey close call with analysts last night,
Speaker 1: so this is essentially where they get analysts together, give
Speaker 1: them a briefing ahead of a blackout period before their results. Now,
Speaker 1: the defense firm, whose stock has soared over two hundred
Speaker 1: percent of the past year, actually predicting that it's going
Speaker 1: to see a big jump of orders, and JP Morgan
Speaker 1: saying they think Ryan Mattel could get seventy billion euros
Speaker 1: worth of defense orders over the next year alone. They
Speaker 1: therefore think the stock should rise another thirty percent. So
Speaker 1: Ryan Mattel boosted again, only up about one percent to day,
Speaker 1: but given already they say, up more than two hundred
Speaker 1: percent over the past year, even almost two hundred percent
Speaker 1: this year year today, it's impressive stuff for that sector.
Speaker 3: Okay, dealer's choice, Joe, what else are you watching this morning?
Speaker 1: I've got the pick of the bunch, haven't I?
Speaker 2: Today?
Speaker 1: So I actually think the financials are interesting because there's
Speaker 1: a couple of different analyst notes out. We've got DWS
Speaker 1: over in Germany, which is the asset manager spun out
Speaker 1: of Deutschebank a few years ago. That one is downgraded
Speaker 1: by BNP Parabole, which says they've sent an outflow, so
Speaker 1: a lot of flows coming out of the firm. They
Speaker 1: do hold a lot of listed security, so stocks, bonds
Speaker 1: as well, so that is a negative part. But CVC
Speaker 1: Capital upgraded at JP Morgan. That one was slightly higher
Speaker 1: earlier today. This is because private actually actually doing a
Speaker 1: lot of exits, is selling out of businesses and making
Speaker 1: decent profits at the moment. So I find it interesting
Speaker 1: that the kind of traditional asset management businesses not doing
Speaker 1: so well, but private actually strong. CBC a little bit positive,
Speaker 1: DWS falling today.
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