WEBVTT - Stellantis Rises, Fresnillo Declines, Hays Up 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Now, let's take a look at some of the stocks

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<v Speaker 3>on the move today here in Europe. I'm Caroline Hepcat

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<v Speaker 3>alongside Stephen Carroll, and we're joined by Bloomberg reporter Klai Malay.

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<v Speaker 3>Good morning. So looking at European stocks, the biggest gaining

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<v Speaker 3>sector is auto and car parts. That's partly being driven

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<v Speaker 3>by Stilantis.

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<v Speaker 4>Why yeah, absolutely so. Stillantis is up this morning quite

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<v Speaker 4>a bit after saying that sells in the third quarter

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<v Speaker 4>jumped to thirteen percent and that was driven primarily by

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<v Speaker 4>a really good performance in North America. So that really

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<v Speaker 4>signals a recovery in that market for Stilantis after what

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<v Speaker 4>has been quite a tough year for the company. You know,

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<v Speaker 4>it dealt with a lot of management changes over the

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<v Speaker 4>last year or so, a lot of loss in market

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<v Speaker 4>share across some of its key markets. But it seems

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<v Speaker 4>that the strategy of kind of refocusing on the US

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<v Speaker 4>is starting to bear fruit, perhaps so you know, just

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<v Speaker 4>a couple of weeks ago, there were reports that Cilantis

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<v Speaker 4>was planning to invest ten billion dollars in the US

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<v Speaker 4>in an attempt to kind of refocus on the US,

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<v Speaker 4>you know market that the previous management had abandoned a

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<v Speaker 4>little bit. You know, the previously year had preferred to

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<v Speaker 4>invest in Europe and move production to Mexico, and now

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<v Speaker 4>there is a shift back towards towards North America and

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<v Speaker 4>that is making investors quite happy so far.

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<v Speaker 1>Okay, So that's Stilantis that we're starting with. Let's turn

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<v Speaker 1>next to precious metals. We've been talking about the rally

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<v Speaker 1>and gold prices for a while, those retreating now though,

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<v Speaker 1>what are we seeing from Fresnillo.

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<v Speaker 4>So yeah, Fresnolo, it's a gold and silver minor and

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<v Speaker 4>it is down this morning after that pullback in gold

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<v Speaker 4>and silver prices. This is a company that had benefited

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<v Speaker 4>massively from that gold rally. The shares are up two

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<v Speaker 4>hundred and eighty two percent year today, which is massive.

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<v Speaker 4>So the companies in that kind of precious metals space

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<v Speaker 4>had seen a lot of momentum as part of the

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<v Speaker 4>circle debasement trade, where we saw a lot of investors

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<v Speaker 4>flocking to bitcoin and gold because of that perceived safety

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<v Speaker 4>over the dollar, So gold exceeded four thousand dollars an

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<v Speaker 4>ounce for the first time on Wednesday this week. That

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<v Speaker 4>was you primarily to concerns over the US economy the

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<v Speaker 4>ongoing government shut down, of course, but over the last

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<v Speaker 4>day or so, traders have been kind of reducing that

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<v Speaker 4>exposure from these extended positions and locking in profits. So

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<v Speaker 4>silver and gold fell again as a result, and that's

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<v Speaker 4>now hurging Fresno shares a little bit as well as

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<v Speaker 4>other companies within that mining sector because there's also been

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<v Speaker 4>a pullback in copper prices, so that's also hurting glen

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<v Speaker 4>Core and Androfagasta. This morning we've seen as well.

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<v Speaker 3>Okay, so that on the mining sector. There does seem

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<v Speaker 3>to be something of a recovery in the UK's jobs market,

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<v Speaker 3>but Hayes has had a very torrid run and actually

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<v Speaker 3>twenty twenty six might also be difficult.

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<v Speaker 4>Yeah, absolutely, So there's a little bit. It's a bit

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<v Speaker 4>of a mixed bag for Hayes essentially. So it rose

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<v Speaker 4>this morning because the trading update was a little bit

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<v Speaker 4>more reassuring than when then feared. The net fees that

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<v Speaker 4>fell across both the permanent and the temporary hiring divisions,

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<v Speaker 4>but they fell in line with what an analyst had expected,

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<v Speaker 4>so that explains the ches being up, and this echoes

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<v Speaker 4>kind of new data from the Recruitment and Employment Confederation

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<v Speaker 4>that shows that the labor market in the UK, as

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<v Speaker 4>you mentioned, is stabilizing a little bit. UK employers scaled

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<v Speaker 4>back hiring in September, but they did it at the

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<v Speaker 4>softest pace in a year, so this is an improvement

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<v Speaker 4>but not really a full fledged rebound. Vacancies continued to

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<v Speaker 4>fall last month that extended the current period of decline

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<v Speaker 4>to almost two years, and the number of candidates looking

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<v Speaker 4>for permanent work also rose very sharply again, so this

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<v Speaker 4>is also reflected in the outlook from Hayes, mentioning that

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<v Speaker 4>the tough market conditions would persist into next year, and

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<v Speaker 4>of course we've got the budget in November there might

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<v Speaker 4>lead to more tax rises and probably further pressure on

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<v Speaker 4>those employees. So there's signs of things getting better, getting

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<v Speaker 4>a little bit more stable, but the UK labor market

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<v Speaker 4>is really far from being kind of the picture of

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<v Speaker 4>health yet.

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