Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at now at some of the
Speaker 3: stocks on the move today in Europe. I'm Stephen Carroll
Speaker 3: and I'm joined by Bloomberg's Breaking He's editor Louise Moon
Speaker 3: for more. Louise, good morning. Let's start with Stillantis, looking
Speaker 3: like its market position in the US is recovering. Talk
Speaker 3: us through how investors are reacting.
Speaker 1: Indeed, yes, they had a third quarter update today saying
Speaker 1: that shipment's overall rose thirteen percent, but that was really led,
Speaker 1: as you say, by a rise in North America, so
Speaker 1: pointing to a recovery. They've been doing a lot of
Speaker 1: work to recover in America, to recover that market. So
Speaker 1: they've been working down inventory in the In the US,
Speaker 1: they've been reintroducing some popular models. So investors reacting positively
Speaker 1: Shares Roads this morning, but it must be noted the
Speaker 1: stock is still down about a quarter this year. There's
Speaker 1: wide kind of turnaround efforts being done by the CEO
Speaker 1: to turn the company around. They've had steep market share losses,
Speaker 1: so you know, planning to invest a lot more in
Speaker 1: the US to boot momentum, walking back from some EVE investments,
Speaker 1: reshaping top management. So the stock on the back of
Speaker 1: these market losses in the past is still down, but
Speaker 1: rising this morning on what looks like a point to recovery.
Speaker 3: Indeed, and we're watching the share price rising in Paris
Speaker 3: as a result. Let's turn to Denmark next and the
Speaker 3: bank Yisker, in fact the best performing share in the
Speaker 3: stock six hundred at the moment, Yeah, to fresh record highs.
Speaker 1: They gained as much as around five percent this morning.
Speaker 1: That's after they upgraded their full year outlook, citing essentially
Speaker 1: what they call favorable financial market. So analysts are saying
Speaker 1: this is a positive update. It reflects kind of a
Speaker 1: broadly based positive development. They're not totally surprised. They're seeing
Speaker 1: a strong three third quarter and citing essentially positives across
Speaker 1: the board, strong credit quality, high level of activity, customer
Speaker 1: growth in their priority segments. So a really strong update
Speaker 1: from the Danish lender there and as I say, shares recordize.
Speaker 3: And in Sweden the technology company Micronic, what's the needs
Speaker 3: from them?
Speaker 1: Yeah, so their shares falling, so very opposite, moved from
Speaker 1: them down as much as about nine percent, and that's
Speaker 1: on the back of an analyst rating. So Bank of
Speaker 1: America initiated coverage on Micronic and they gave them an underperform,
Speaker 1: essentially saying that Chinese demand has peaked for a certain
Speaker 1: type of semiconductor equipment that it makes, and they're saying
Speaker 1: therefore for Micronic as a company is driving fundamentals and
Speaker 1: valuation downward from here. So the growth moving forward is
Speaker 1: slightly difficult to predict given that that demand from China
Speaker 1: has peaked. So not a good coverage, a coverage from
Speaker 1: Bank of America and really weighing on Micronic shares This morning.
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