1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:17,760 Speaker 3: Now, let's have a look at some of the stocks 5 00:00:17,760 --> 00:00:20,000 Speaker 3: on the move today here in Europe. I'm Caroline Hepga 6 00:00:20,280 --> 00:00:23,400 Speaker 3: and I'm joined by Binberg reporter Chloe Malay. Good morning, Chloe, 7 00:00:23,400 --> 00:00:27,639 Speaker 3: good morning. So we are thinking about a significant pairing 8 00:00:27,800 --> 00:00:31,240 Speaker 3: in the oil price on perhaps optimism around a resolution 9 00:00:31,520 --> 00:00:35,000 Speaker 3: of the US's war in Iran. Let's start by thinking 10 00:00:35,000 --> 00:00:39,600 Speaker 3: about Shell. How our investors reacting to the Iran war headlines. 11 00:00:39,840 --> 00:00:42,400 Speaker 4: Yeah, well, markets tend to react very strongly to what 12 00:00:42,440 --> 00:00:45,280 Speaker 4: Trump says, and so when Trump says that warren around 13 00:00:45,600 --> 00:00:48,280 Speaker 4: may soon come to an end, we get oil prices falling, 14 00:00:48,320 --> 00:00:50,240 Speaker 4: as you said, and therefore Oil. 15 00:00:49,960 --> 00:00:51,400 Speaker 1: Company is very much in the red. 16 00:00:51,479 --> 00:00:54,000 Speaker 4: So all of the major names within oil and guests 17 00:00:54,040 --> 00:00:58,279 Speaker 4: are definitely weaker this morning. So Shell, BP, any Repsol, 18 00:00:58,520 --> 00:01:01,040 Speaker 4: you name it, all of those natos names are definitely 19 00:01:01,440 --> 00:01:04,319 Speaker 4: struggling a little bit. And those companies that of course 20 00:01:04,319 --> 00:01:07,960 Speaker 4: really benefited from the disruption in global energy markets over 21 00:01:08,000 --> 00:01:11,480 Speaker 4: the last month or so. But now that Trump told 22 00:01:11,520 --> 00:01:14,240 Speaker 4: reporters in the US that the US could. 23 00:01:14,160 --> 00:01:15,680 Speaker 1: Leave around within two to three weeks. 24 00:01:15,680 --> 00:01:19,000 Speaker 4: We're seeing that sort of reversal in sentiment with those 25 00:01:19,080 --> 00:01:21,839 Speaker 4: oil and gas and majors. And this is, of course, 26 00:01:21,840 --> 00:01:25,120 Speaker 4: despite the fact that Trump has given some contradicting statements 27 00:01:25,120 --> 00:01:27,560 Speaker 4: about around recently, so you could very much go back 28 00:01:27,680 --> 00:01:29,400 Speaker 4: on his word, despite the fact that the strait of 29 00:01:29,440 --> 00:01:32,319 Speaker 4: horror moves is still largely closed. So the reality on 30 00:01:32,360 --> 00:01:35,680 Speaker 4: the ground and then how the markets are reacting maybe 31 00:01:36,200 --> 00:01:39,160 Speaker 4: a little bit different with the snock moves going forward, 32 00:01:39,160 --> 00:01:41,400 Speaker 4: are really going to depend on what Trump says this 33 00:01:41,560 --> 00:01:44,399 Speaker 4: evening about around when he addresses the nation. 34 00:01:44,640 --> 00:01:46,960 Speaker 1: So for now, though, it's a day in the red 35 00:01:46,959 --> 00:01:47,319 Speaker 1: for oil. 36 00:01:47,720 --> 00:01:52,400 Speaker 3: Yeah, in terms of airlines, how is the situation because 37 00:01:52,400 --> 00:01:55,280 Speaker 3: we know that jet fuel prices are going up and 38 00:01:55,320 --> 00:01:59,680 Speaker 3: that there's a scarcity, how's the situation affecting love tant. 39 00:02:00,240 --> 00:02:03,080 Speaker 4: Yeah, so airlines are up this morning for the same 40 00:02:03,080 --> 00:02:05,320 Speaker 4: reason that oil is down, which is this optimism of 41 00:02:05,360 --> 00:02:06,200 Speaker 4: course about. 42 00:02:06,240 --> 00:02:07,800 Speaker 1: The conflict potentially ending soon. 43 00:02:07,920 --> 00:02:10,480 Speaker 4: Those companies, as you mentioned, have really struggled when the 44 00:02:10,480 --> 00:02:13,680 Speaker 4: war broke out because of those higher jet fuel prices 45 00:02:13,880 --> 00:02:16,760 Speaker 4: and also because there had been so many flight cancelations, 46 00:02:16,760 --> 00:02:19,680 Speaker 4: in flight disruptions within those Middle Eastern herbs. 47 00:02:20,120 --> 00:02:22,320 Speaker 1: But now that war might be ending. With seeing all 48 00:02:22,360 --> 00:02:23,680 Speaker 1: of those names moving. 49 00:02:23,480 --> 00:02:27,680 Speaker 4: Higher, Luftanza, iad Ryanair, Twoy, all of those airlines are 50 00:02:27,720 --> 00:02:30,880 Speaker 4: in the green this morning because this potential enter the war, 51 00:02:31,080 --> 00:02:33,280 Speaker 4: it comes as a relief and it might mean that 52 00:02:33,400 --> 00:02:37,200 Speaker 4: some drastic measures won't need to be implemented. Softanza was 53 00:02:37,320 --> 00:02:40,640 Speaker 4: just preparing crisis plans to ground some planes in case 54 00:02:40,680 --> 00:02:43,959 Speaker 4: demand dropped even further because of the Middle East conflict 55 00:02:44,000 --> 00:02:47,040 Speaker 4: and because of those rising fuel prices and that scarcity 56 00:02:47,440 --> 00:02:50,160 Speaker 4: in fuel. So you know, Europe is the main import 57 00:02:50,160 --> 00:02:53,240 Speaker 4: of jet fuel from the Persian Gulf and the supplies 58 00:02:53,360 --> 00:02:56,160 Speaker 4: from that region account for about half of the ease 59 00:02:56,280 --> 00:02:59,680 Speaker 4: and the UK's imports of jet fuel. So the conflict 60 00:02:59,720 --> 00:03:02,639 Speaker 4: getting resolved would be a major boost and a major 61 00:03:02,680 --> 00:03:05,240 Speaker 4: relief for those companies. And so this explains that some 62 00:03:05,280 --> 00:03:07,320 Speaker 4: of that optimism in the shares this morning. 63 00:03:08,400 --> 00:03:11,880 Speaker 3: The event will perhaps weirdly also had to read across 64 00:03:11,919 --> 00:03:16,760 Speaker 3: into home building and those stocks in the UK. So 65 00:03:16,760 --> 00:03:18,560 Speaker 3: we should also think about Berkley. 66 00:03:18,760 --> 00:03:22,200 Speaker 4: Yeah, so the house builder, Yeah, the London house builder 67 00:03:22,240 --> 00:03:24,760 Speaker 4: said this morning that it would stop buying new land 68 00:03:24,800 --> 00:03:28,640 Speaker 4: and instead really refocus only on its existing landholdings, and 69 00:03:28,680 --> 00:03:31,800 Speaker 4: that is because of the text and regulatory burden on 70 00:03:31,960 --> 00:03:34,679 Speaker 4: residential development made it so that it doesn't really make 71 00:03:34,720 --> 00:03:37,920 Speaker 4: sense financially in terms of rate of return to purchase 72 00:03:38,000 --> 00:03:40,320 Speaker 4: new land. So it's a very cautious outlook. And some 73 00:03:40,360 --> 00:03:43,840 Speaker 4: of it has to do about the geopolitical attentions and 74 00:03:43,880 --> 00:03:46,600 Speaker 4: that is something that Berkeley has mentioned before, and so 75 00:03:46,680 --> 00:03:49,520 Speaker 4: this really led shares to tumble this morning, and it 76 00:03:49,560 --> 00:03:51,600 Speaker 4: really doesn't bode well for the rest of that house 77 00:03:51,600 --> 00:03:54,840 Speaker 4: building a sector. You know, we've seen the UK mortgage 78 00:03:54,880 --> 00:03:57,600 Speaker 4: costs rising again because of the conflict in the Middle 79 00:03:57,640 --> 00:04:00,760 Speaker 4: East that is triggering those fresh and float fears and 80 00:04:00,840 --> 00:04:04,360 Speaker 4: really impacting sentiment, and that's putting really additional pressure on 81 00:04:04,480 --> 00:04:08,800 Speaker 4: those companies that have faced, as Berkeley mentioned, increasing taxation 82 00:04:08,920 --> 00:04:12,680 Speaker 4: and regulation in recent years. So that's tough for Berkeley 83 00:04:12,680 --> 00:04:15,280 Speaker 4: and also not so great news for Starmer's housing targets. 84 00:04:16,360 --> 00:04:20,400 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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