1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:17,840 Speaker 3: Let's take a look at now at some of the 5 00:00:17,880 --> 00:00:20,319 Speaker 3: stocks on the move today in Europe. I'm Stephen Carroll 6 00:00:20,360 --> 00:00:22,840 Speaker 3: and I'm joined by Bloomberg's Breaking He's editor Louise Moon 7 00:00:22,960 --> 00:00:27,120 Speaker 3: for more. Louise, good morning. Let's start with Stillantis, looking 8 00:00:27,160 --> 00:00:29,760 Speaker 3: like its market position in the US is recovering. Talk 9 00:00:29,800 --> 00:00:31,560 Speaker 3: us through how investors are reacting. 10 00:00:32,120 --> 00:00:34,720 Speaker 1: Indeed, yes, they had a third quarter update today saying 11 00:00:34,760 --> 00:00:38,200 Speaker 1: that shipment's overall rose thirteen percent, but that was really led, 12 00:00:38,440 --> 00:00:40,120 Speaker 1: as you say, by a rise in North America, so 13 00:00:40,280 --> 00:00:42,839 Speaker 1: pointing to a recovery. They've been doing a lot of 14 00:00:42,880 --> 00:00:46,839 Speaker 1: work to recover in America, to recover that market. So 15 00:00:46,880 --> 00:00:49,240 Speaker 1: they've been working down inventory in the In the US, 16 00:00:49,240 --> 00:00:53,519 Speaker 1: they've been reintroducing some popular models. So investors reacting positively 17 00:00:53,560 --> 00:00:56,080 Speaker 1: Shares Roads this morning, but it must be noted the 18 00:00:56,120 --> 00:00:59,440 Speaker 1: stock is still down about a quarter this year. There's 19 00:00:59,560 --> 00:01:03,720 Speaker 1: wide kind of turnaround efforts being done by the CEO 20 00:01:03,840 --> 00:01:06,720 Speaker 1: to turn the company around. They've had steep market share losses, 21 00:01:07,200 --> 00:01:08,800 Speaker 1: so you know, planning to invest a lot more in 22 00:01:08,800 --> 00:01:12,000 Speaker 1: the US to boot momentum, walking back from some EVE investments, 23 00:01:12,040 --> 00:01:15,560 Speaker 1: reshaping top management. So the stock on the back of 24 00:01:16,319 --> 00:01:19,440 Speaker 1: these market losses in the past is still down, but 25 00:01:19,560 --> 00:01:24,280 Speaker 1: rising this morning on what looks like a point to recovery. 26 00:01:24,280 --> 00:01:27,480 Speaker 3: Indeed, and we're watching the share price rising in Paris 27 00:01:27,560 --> 00:01:30,720 Speaker 3: as a result. Let's turn to Denmark next and the 28 00:01:30,840 --> 00:01:34,320 Speaker 3: bank Yisker, in fact the best performing share in the 29 00:01:34,360 --> 00:01:37,000 Speaker 3: stock six hundred at the moment, Yeah, to fresh record highs. 30 00:01:37,000 --> 00:01:38,920 Speaker 1: They gained as much as around five percent this morning. 31 00:01:38,959 --> 00:01:42,319 Speaker 1: That's after they upgraded their full year outlook, citing essentially 32 00:01:42,360 --> 00:01:46,000 Speaker 1: what they call favorable financial market. So analysts are saying 33 00:01:46,280 --> 00:01:48,760 Speaker 1: this is a positive update. It reflects kind of a 34 00:01:48,800 --> 00:01:53,000 Speaker 1: broadly based positive development. They're not totally surprised. They're seeing 35 00:01:53,040 --> 00:01:57,720 Speaker 1: a strong three third quarter and citing essentially positives across 36 00:01:57,760 --> 00:02:01,200 Speaker 1: the board, strong credit quality, high level of activity, customer 37 00:02:01,240 --> 00:02:04,800 Speaker 1: growth in their priority segments. So a really strong update 38 00:02:04,880 --> 00:02:08,880 Speaker 1: from the Danish lender there and as I say, shares recordize. 39 00:02:09,200 --> 00:02:13,520 Speaker 3: And in Sweden the technology company Micronic, what's the needs 40 00:02:13,520 --> 00:02:13,880 Speaker 3: from them? 41 00:02:14,400 --> 00:02:17,320 Speaker 1: Yeah, so their shares falling, so very opposite, moved from 42 00:02:17,320 --> 00:02:20,639 Speaker 1: them down as much as about nine percent, and that's 43 00:02:20,720 --> 00:02:22,720 Speaker 1: on the back of an analyst rating. So Bank of 44 00:02:22,720 --> 00:02:26,680 Speaker 1: America initiated coverage on Micronic and they gave them an underperform, 45 00:02:27,080 --> 00:02:30,800 Speaker 1: essentially saying that Chinese demand has peaked for a certain 46 00:02:30,840 --> 00:02:33,960 Speaker 1: type of semiconductor equipment that it makes, and they're saying 47 00:02:33,960 --> 00:02:37,560 Speaker 1: therefore for Micronic as a company is driving fundamentals and 48 00:02:37,680 --> 00:02:41,480 Speaker 1: valuation downward from here. So the growth moving forward is 49 00:02:41,480 --> 00:02:46,480 Speaker 1: slightly difficult to predict given that that demand from China 50 00:02:46,560 --> 00:02:51,480 Speaker 1: has peaked. So not a good coverage, a coverage from 51 00:02:51,560 --> 00:02:55,040 Speaker 1: Bank of America and really weighing on Micronic shares This morning. 52 00:02:56,120 --> 00:03:00,160 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 53 00:03:00,240 --> 00:03:02,800 Speaker 2: us throughout the day for the latest roundup of companies 54 00:03:02,840 --> 00:03:05,960 Speaker 2: making news on Wall Street and for the latest market 55 00:03:06,000 --> 00:03:10,480 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 56 00:03:10,560 --> 00:03:14,040 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 57 00:03:14,120 --> 00:03:15,600 Speaker 2: the Bloomberg Business app.