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 1: Well, let's take a look at some stocks on the
Speaker 1: move today in Europe. I'm Stephen Carroll with Leslie Burton,
Speaker 1: and we're joined by Bloomberg reporter Chloe Melee. Chloe, good morning.
Speaker 1: Let's start them with ASML, the Surgeon shares after their results.
Speaker 1: What's pushing them so high?
Speaker 3: Yeah, fantastic day for ASML today and for that chip
Speaker 3: sector in Europe in general, and the results from ASML
Speaker 3: drove higher. All of those names like Infinni and b Semi,
Speaker 3: all of them were in the green and quite strongly
Speaker 3: in the green this morning. So the reason for this
Speaker 3: is because ASML reported orders for the fourth quarter that
Speaker 3: were nearly double what Analyz had expected, so a major
Speaker 3: beat there, and then its outlook for twenty twenty six
Speaker 3: was also quite a beat. And it also announced a
Speaker 3: twelve billion euro buyback by the end of twenty twenty
Speaker 3: eight and also about seventeen hundred drop cuts to make
Speaker 3: its operations a bit more streamlined, a bit more agile,
Speaker 3: and all of that has really led the shares much
Speaker 3: higher this morning, and the CEO said that clients were
Speaker 3: turning more and more optimistic about AI demand, which explains
Speaker 3: that record order intake and also boats quite well for
Speaker 3: the coming quarters. So this is kind of yet another
Speaker 3: sign of this AM momentum after we already had an
Speaker 3: upy outlook from TSMC recently, which is a big customer
Speaker 3: for ASML, and ASML is particularly well positioned within that
Speaker 3: kind of chip equipment sector because it's the only producer
Speaker 3: of a certain kind of machine that is needed to
Speaker 3: make a really advanced semiconductors, and so if it does well,
Speaker 3: that means that TSMC is doing well, it means that
Speaker 3: Nvidia is doing well, and it means that AI demand
Speaker 3: is very strong, and so that has really led the
Speaker 3: shares higher across that sector this morning. So there's a
Speaker 3: lot of optimism there, okay, But it's the opposite story
Speaker 3: for LVMH this morning, Chloe a sign of sector weakness.
Speaker 3: Perhaps for luxury, yes, probably so. The sales from LVMH
Speaker 3: came in below expectations, and the CEO said that the
Speaker 3: outlook was quite uncertain at least in the near term,
Speaker 3: even though it might be a little bit better in
Speaker 3: the longer term, and that has dragged down the rest
Speaker 3: of the luxury sector. This morning all in the red,
Speaker 3: so Christian do or ms carrying all of those were
Speaker 3: down this morning. It's an interesting reversal given that at
Speaker 3: the beginning of the ending season there was quite a
Speaker 3: lot of enthusiasm from investors because we had quite good
Speaker 3: results from the first few companies that reported, so Barbary
Speaker 3: and Richmond came out with quite good numbers, quite up
Speaker 3: the outlooks. But LVMH really is the bell weather for
Speaker 3: this industry, so the fact that numbers were weak is
Speaker 3: very really not very encouraging, and it perhaps shows that
Speaker 3: the results from Barberie and Richmore maybe were a little
Speaker 3: bit more company specific rather than indicative of a wider rebound.
Speaker 3: And you know, we know that Rishmore is more exposed
Speaker 3: to jewelry, for example, which is much more resilient, and
Speaker 3: Burbery is also undergoing a turnaround, so that might have
Speaker 3: been why I was doing better better. So it looks
Speaker 3: like the journey back to growth for their luxury sector
Speaker 3: is looking a little bumpy based on those lv IMAGE numbers.
Speaker 1: Okay, and then to Volvo trucks and their latest earning statement.
Speaker 1: What's been the reaction.
Speaker 3: Yeah, so it's been a tough few months for the
Speaker 3: truck industry, but things are looking up according to Volvo.
Speaker 3: So they raised their outlook for the European truck market
Speaker 3: and they also said that they were expecting better retail
Speaker 3: sales in North America this year as well. So this
Speaker 3: shows that perhaps the worst is over for this market
Speaker 3: after quite a prolonged downturn there, which was particularly bad
Speaker 3: in North America. Sales have been declining in the region
Speaker 3: for quite a while, and that was because of a
Speaker 3: range of factors, and you know, we had regulatory uncertainty,
Speaker 3: but then also more importantly, we had tariffs, which meant
Speaker 3: that there were few goods to transport, therefore less demand
Speaker 3: for trucks, and then there were tariffs that were imposed
Speaker 3: on the truck makers themselves. So there was a lot
Speaker 3: of tariff uncertainty that was weighing on that sector. But
Speaker 3: now there are signs of maybe you thinks, stabilizing, of
Speaker 3: orders picking up again. And even though the company said
Speaker 3: that North and South America was still slightly weaker regions,
Speaker 3: you know, so it's a tentative recovery, but it seems
Speaker 3: that things are getting a little better for Volvo and
Speaker 3: that potentially quite well for pears like Diamond.
Speaker 1: Truck as well.
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