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 00:00:16,600 --> 00:00:18,120 Speaker 3: Now, let's take a look at some of the stocks 5 00:00:18,160 --> 00:00:20,520 Speaker 3: on the move today here in Europe. I'm Caroline Hepcat 6 00:00:20,520 --> 00:00:23,960 Speaker 3: alongside Stephen Carroll, and we're joined by Bloomberg reporter Klai Malay. 7 00:00:24,040 --> 00:00:28,480 Speaker 3: Good morning. So looking at European stocks, the biggest gaining 8 00:00:28,640 --> 00:00:32,040 Speaker 3: sector is auto and car parts. That's partly being driven 9 00:00:32,080 --> 00:00:33,080 Speaker 3: by Stilantis. 10 00:00:33,159 --> 00:00:36,040 Speaker 4: Why yeah, absolutely so. Stillantis is up this morning quite 11 00:00:36,040 --> 00:00:38,120 Speaker 4: a bit after saying that sells in the third quarter 12 00:00:38,440 --> 00:00:41,479 Speaker 4: jumped to thirteen percent and that was driven primarily by 13 00:00:41,520 --> 00:00:44,360 Speaker 4: a really good performance in North America. So that really 14 00:00:44,400 --> 00:00:47,879 Speaker 4: signals a recovery in that market for Stilantis after what 15 00:00:48,000 --> 00:00:49,920 Speaker 4: has been quite a tough year for the company. You know, 16 00:00:49,960 --> 00:00:52,320 Speaker 4: it dealt with a lot of management changes over the 17 00:00:52,400 --> 00:00:55,120 Speaker 4: last year or so, a lot of loss in market 18 00:00:55,160 --> 00:00:57,880 Speaker 4: share across some of its key markets. But it seems 19 00:00:57,880 --> 00:01:00,800 Speaker 4: that the strategy of kind of refocusing on the US 20 00:01:00,960 --> 00:01:03,600 Speaker 4: is starting to bear fruit, perhaps so you know, just 21 00:01:03,640 --> 00:01:05,880 Speaker 4: a couple of weeks ago, there were reports that Cilantis 22 00:01:06,000 --> 00:01:08,640 Speaker 4: was planning to invest ten billion dollars in the US 23 00:01:08,720 --> 00:01:11,440 Speaker 4: in an attempt to kind of refocus on the US, 24 00:01:11,760 --> 00:01:14,880 Speaker 4: you know market that the previous management had abandoned a 25 00:01:14,959 --> 00:01:17,080 Speaker 4: little bit. You know, the previously year had preferred to 26 00:01:17,400 --> 00:01:20,520 Speaker 4: invest in Europe and move production to Mexico, and now 27 00:01:20,520 --> 00:01:23,959 Speaker 4: there is a shift back towards towards North America and 28 00:01:24,000 --> 00:01:26,840 Speaker 4: that is making investors quite happy so far. 29 00:01:27,560 --> 00:01:30,679 Speaker 1: Okay, So that's Stilantis that we're starting with. Let's turn 30 00:01:30,760 --> 00:01:33,440 Speaker 1: next to precious metals. We've been talking about the rally 31 00:01:33,480 --> 00:01:36,480 Speaker 1: and gold prices for a while, those retreating now though, 32 00:01:36,600 --> 00:01:38,320 Speaker 1: what are we seeing from Fresnillo. 33 00:01:39,000 --> 00:01:41,600 Speaker 4: So yeah, Fresnolo, it's a gold and silver minor and 34 00:01:41,680 --> 00:01:44,000 Speaker 4: it is down this morning after that pullback in gold 35 00:01:44,040 --> 00:01:47,160 Speaker 4: and silver prices. This is a company that had benefited 36 00:01:47,440 --> 00:01:49,880 Speaker 4: massively from that gold rally. The shares are up two 37 00:01:49,960 --> 00:01:53,240 Speaker 4: hundred and eighty two percent year today, which is massive. 38 00:01:53,840 --> 00:01:57,000 Speaker 4: So the companies in that kind of precious metals space 39 00:01:57,080 --> 00:01:59,520 Speaker 4: had seen a lot of momentum as part of the 40 00:01:59,560 --> 00:02:02,760 Speaker 4: circle debasement trade, where we saw a lot of investors 41 00:02:03,200 --> 00:02:06,800 Speaker 4: flocking to bitcoin and gold because of that perceived safety 42 00:02:06,920 --> 00:02:10,960 Speaker 4: over the dollar, So gold exceeded four thousand dollars an 43 00:02:11,000 --> 00:02:14,280 Speaker 4: ounce for the first time on Wednesday this week. That 44 00:02:14,440 --> 00:02:17,360 Speaker 4: was you primarily to concerns over the US economy the 45 00:02:17,400 --> 00:02:20,280 Speaker 4: ongoing government shut down, of course, but over the last 46 00:02:20,320 --> 00:02:23,160 Speaker 4: day or so, traders have been kind of reducing that 47 00:02:23,240 --> 00:02:27,200 Speaker 4: exposure from these extended positions and locking in profits. So 48 00:02:27,480 --> 00:02:29,959 Speaker 4: silver and gold fell again as a result, and that's 49 00:02:30,000 --> 00:02:33,280 Speaker 4: now hurging Fresno shares a little bit as well as 50 00:02:32,960 --> 00:02:36,480 Speaker 4: other companies within that mining sector because there's also been 51 00:02:36,680 --> 00:02:40,480 Speaker 4: a pullback in copper prices, so that's also hurting glen 52 00:02:40,480 --> 00:02:42,840 Speaker 4: Core and Androfagasta. This morning we've seen as well. 53 00:02:43,280 --> 00:02:46,560 Speaker 3: Okay, so that on the mining sector. There does seem 54 00:02:46,560 --> 00:02:50,880 Speaker 3: to be something of a recovery in the UK's jobs market, 55 00:02:51,440 --> 00:02:55,320 Speaker 3: but Hayes has had a very torrid run and actually 56 00:02:55,360 --> 00:02:57,239 Speaker 3: twenty twenty six might also be difficult. 57 00:02:57,400 --> 00:03:01,000 Speaker 4: Yeah, absolutely, So there's a little bit. It's a bit 58 00:03:01,000 --> 00:03:03,359 Speaker 4: of a mixed bag for Hayes essentially. So it rose 59 00:03:03,400 --> 00:03:05,560 Speaker 4: this morning because the trading update was a little bit 60 00:03:05,600 --> 00:03:09,960 Speaker 4: more reassuring than when then feared. The net fees that 61 00:03:10,320 --> 00:03:14,040 Speaker 4: fell across both the permanent and the temporary hiring divisions, 62 00:03:14,080 --> 00:03:16,880 Speaker 4: but they fell in line with what an analyst had expected, 63 00:03:16,880 --> 00:03:19,960 Speaker 4: so that explains the ches being up, and this echoes 64 00:03:20,040 --> 00:03:23,079 Speaker 4: kind of new data from the Recruitment and Employment Confederation 65 00:03:23,200 --> 00:03:25,359 Speaker 4: that shows that the labor market in the UK, as 66 00:03:25,360 --> 00:03:29,040 Speaker 4: you mentioned, is stabilizing a little bit. UK employers scaled 67 00:03:29,080 --> 00:03:31,800 Speaker 4: back hiring in September, but they did it at the 68 00:03:31,880 --> 00:03:34,800 Speaker 4: softest pace in a year, so this is an improvement 69 00:03:34,800 --> 00:03:39,000 Speaker 4: but not really a full fledged rebound. Vacancies continued to 70 00:03:39,040 --> 00:03:42,080 Speaker 4: fall last month that extended the current period of decline 71 00:03:42,080 --> 00:03:45,240 Speaker 4: to almost two years, and the number of candidates looking 72 00:03:45,240 --> 00:03:48,960 Speaker 4: for permanent work also rose very sharply again, so this 73 00:03:49,800 --> 00:03:52,680 Speaker 4: is also reflected in the outlook from Hayes, mentioning that 74 00:03:52,720 --> 00:03:55,800 Speaker 4: the tough market conditions would persist into next year, and 75 00:03:55,800 --> 00:03:58,120 Speaker 4: of course we've got the budget in November there might 76 00:03:58,200 --> 00:04:02,000 Speaker 4: lead to more tax rises and probably further pressure on 77 00:04:02,080 --> 00:04:05,000 Speaker 4: those employees. So there's signs of things getting better, getting 78 00:04:05,000 --> 00:04:07,560 Speaker 4: a little bit more stable, but the UK labor market 79 00:04:07,600 --> 00:04:09,440 Speaker 4: is really far from being kind of the picture of 80 00:04:09,480 --> 00:04:10,280 Speaker 4: health yet. 81 00:04:11,600 --> 00:04:15,600 Speaker 2: The Stock Movers report from Bloomberg Radio check back with 82 00:04:15,720 --> 00:04:18,280 Speaker 2: us throughout the day for the latest roundup of companies 83 00:04:18,360 --> 00:04:21,440 Speaker 2: making news on Wall Street and for the latest market 84 00:04:21,480 --> 00:04:25,960 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 85 00:04:26,040 --> 00:04:29,520 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 86 00:04:29,600 --> 00:04:31,080 Speaker 2: the Bloomberg Business app.