WEBVTT - Pandora Slides, Orsted Down, Glencore Up 

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

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

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

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<v Speaker 2>let's take a look at some of the stocks on

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<v Speaker 2>the move today in Europe. I'm Lizzie Burnon with Stephen

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<v Speaker 2>Carroll and were joined by Bloomberg's Chloe Melee. Morning, Chloe.

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<v Speaker 2>Let's start with a consumer name, Pandora down this morning.

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<v Speaker 2>What's that missing link?

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<v Speaker 1>Well, for Pandora, the revenue did miss estimates this morning,

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<v Speaker 1>and the crucial thing really is that the current trading

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<v Speaker 1>trading in this third quarter was also a bit soft

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<v Speaker 1>as well, so for analysts, that means that it could

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<v Speaker 1>make it harder for Pandora to reach those expectations for

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<v Speaker 1>the third quarter and maybe the expectations for the four

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<v Speaker 1>year as well. It did maintain its guidance, but it

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<v Speaker 1>said that it was really too early to figure out

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<v Speaker 1>the magnitude of the tariff impact and the any effects

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<v Speaker 1>that any mitigating initiatives could have to offset that. It

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<v Speaker 1>makes this jewelry in Thailand, which is subject to nineteen

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<v Speaker 1>percent US at tariff, so that's obviously added costs that

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<v Speaker 1>it needs to figure out and mitigate somehow, and it's

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<v Speaker 1>also dealing with higher commodity prices, currency headwinds and all

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<v Speaker 1>of that is placing a lot of pressure on margins.

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<v Speaker 1>So it looks like quite a negative picture. There is

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<v Speaker 1>potential for Pandora to maybe be okay going forward, though

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<v Speaker 1>Bloomberg Attaligents did say that it's more affordable jewry helps

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<v Speaker 1>it would maybe help it capture a consumer segment that

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<v Speaker 1>is kind of trading down at the moment because of

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<v Speaker 1>that lower consumer sentiment because of the cost of living

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<v Speaker 1>and people having a little bit less of a disposable income.

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<v Speaker 1>So hopefully it will it will manage to sell more

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<v Speaker 1>of those more of those bracelets going forward.

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<v Speaker 2>That's only where they're hoping anyways, that's the news from Pandora.

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<v Speaker 2>Next to Orsted the wind carrying some bad news.

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<v Speaker 1>Yeah, so quite a tough week for AusAID. It's another

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<v Speaker 1>blow today. On Monday we had the stock sell which

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<v Speaker 1>it announced, which it said it was necessary to have

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<v Speaker 1>that to steady its finances. But it's sent the shares

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<v Speaker 1>plunging on Monday, and then yesterday it got downgraded by

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<v Speaker 1>SNP to the lowest tier of investment grade. And that's

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<v Speaker 1>because SMP said that Trump's policies against renewable energy and

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<v Speaker 1>especially against offshore wind were likely to take it all

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<v Speaker 1>on Austid's business. You know, since coming into office, Trump

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<v Speaker 1>has he's stopped permitting for new offshore wind developments, He's

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<v Speaker 1>withdrawn some acres of ocean for development, He's brought the

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<v Speaker 1>end of renewable energy tax incentives. So there's a real

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<v Speaker 1>push against that renewable energy. And this all means that

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<v Speaker 1>now all Said is less able to sell stacks in

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<v Speaker 1>projects that it's already building. And unfortunately all Said is

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<v Speaker 1>quite exposed to the US and it's facing now quite

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<v Speaker 1>major setbacks. When you know, not that long ago, it

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<v Speaker 1>was considered to be really a flagship of the green

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<v Speaker 1>energy transition, and now it's struggling. And just finally, Chloe,

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<v Speaker 1>I'm looking at the likes of Glencore up two point

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<v Speaker 1>seven percent, but a similar story for many of the miners.

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<v Speaker 1>What's moving them this morning? Yeah, So we thought actually

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<v Speaker 1>that for the mining sector we might see some weakness

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<v Speaker 1>today because in China, there's there's some data out of

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<v Speaker 1>China that shows that the economy in the country really

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<v Speaker 1>slowed down in July, the production factories and in mines

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<v Speaker 1>rose to the lowest rates since November, for example. But

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<v Speaker 1>potentially what is moving those miners up this morning is

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<v Speaker 1>because if that data continues to come in sorry weaker

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<v Speaker 1>than expected, then policymakers may provide more additional supportive measures

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<v Speaker 1>and you know, to support growth in the fourth quarter.

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<v Speaker 1>So the lost momentum that we see now could reinforce

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<v Speaker 1>the case for more stimulus, So we'll see what happens then.

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<v Speaker 1>That speculation might therefore have kind of limited those any

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<v Speaker 1>downward moves for miners. For glenn Core as well, in particular,

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<v Speaker 1>we do have a raised price target from City, so

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<v Speaker 1>there's the additional boost as well.

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<v Speaker 2>There the Stockmovers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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