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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg data.

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Speaker 3: Now, let's have a look at some stocks on the

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Speaker 3: move today here in Europe. I'm Caroline Hepka joined Bubbling

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Speaker 3: Bank's equities reporter Joe Eastern. Good morning, Joe. Let's start

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Speaker 3: with President Trump's fifty percent tariff on Brazil. Are they

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Speaker 3: European stocks exposed to this? If so, where are they?

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Speaker 1: Yeah, there are quite a few so, particularly over in Spain,

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Speaker 1: so some of these are week today. So banker Santandero

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Speaker 1: is down one point eight percent this morning, a pretty

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Speaker 1: decent underformance on that. On map Free as well. The

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Speaker 1: big insurer over in Spain, Telefonica, kind of underperforming but

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Speaker 1: gone back to unchanged the moment. But those companies all

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Speaker 1: get around a fifth of their sales in Brazil, so

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Speaker 1: it's a massive market for them really. So given Trump

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Speaker 1: is putting this levee on goods made in Brazil sold

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Speaker 1: in to the US, we then saw that drop down

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Speaker 1: in the currency. So the Brazilian rail down nearly three

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Speaker 1: percent overnight at the lows and that means any money

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Speaker 1: that you make in Brazil and then translate it back

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Speaker 1: into your home country, so back into Euros is going

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Speaker 1: to be worth less. And therefore we're seeing feed three

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Speaker 1: into Bank of Santan down to matt Free. So it's

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Speaker 1: a company like kard of four over in France, the grosser, yes,

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Speaker 1: and AVMBV the beer maker of course, but they have

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Speaker 1: got exposure around the world really, so although they do

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Speaker 1: have Brazilian operations, not seeing hugue movement in those okay.

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Speaker 3: Interesting. Well on the currency front, though, I think it's

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Speaker 3: worth adding the Bloomberg Intelligence says that actually, because of

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Speaker 3: the tayphon Brazil, that could play into the hands of

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Speaker 3: people who are bearish on the dollar for the second

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Speaker 3: half of the year. Why because it means that it's

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Speaker 3: not just about economics, it's also about politics, because the

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Speaker 3: Brazilian levee seems to be more sort of politically driven

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Speaker 3: maybe than just about trade between the two countries. Having

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Speaker 3: said that, there's also been quite a bit of interesting

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Speaker 3: news out of China, and maybe that has something to

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Speaker 3: do with the eclectic rally that we're seeing in stock

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Speaker 3: gains today.

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Speaker 1: Yeah, exactly, So there's news out of China, So a

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Speaker 1: lot of China news flow coming through. The main piece

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Speaker 1: is that there's speculation of more stimulus coming from Beijing,

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Speaker 1: which is really a big driver. So speculation of a

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Speaker 1: high level meeting that we will be held next week

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Speaker 1: by Beijing lawmakers. And we saw just before the European

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Speaker 1: open we saw a massive rally in Chinese property stocks

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Speaker 1: and that has now fed through in terms of the

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Speaker 1: stimulus into companies exposed to China in Europe. So miners

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Speaker 1: having an absolutely fantastic day after that slump that we

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Speaker 1: saw yesterday. Anglo American up around four percent, Rio, Glencore

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Speaker 1: all up similar amounts. But we're also seeing gains coming

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Speaker 1: through into luxury so LVMH is higher today, drink stocks

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Speaker 1: remi contro diagio companies like that, they're all feeding through.

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Speaker 1: It's all about whether China unleash is more stimulus. And

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Speaker 1: we also had some marginally better construction data out of China,

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Speaker 1: which is an indicator of a better economy and therefore

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Speaker 1: a more booming Chinese consumer and European companies stand to

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Speaker 1: benefit from that.

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Speaker 3: And chocolate is getting hot.

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Speaker 1: Yes, So we get to the to the to the

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Speaker 1: one that I was looking forward to the sweet. The

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Speaker 1: chocolate mover of the day is Barry Calibo. Now it's

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Speaker 1: kind of not a name that I don't think is

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Speaker 1: a household. Yeah, they're they're kind of in the background

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Speaker 1: making more My understanding is more of the brands. When

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Speaker 1: other brands want to make their own chocolates, they use

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Speaker 1: the chocolate from Barry Calibo. But Barry Calibo is saying

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Speaker 1: that essentially Americans are eating less chocolate at the moment

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Speaker 1: and that therefore they're seeing is softening in demand over

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Speaker 1: in the US. That's stock falling eleven percent. It's been

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Speaker 1: an interesting sector because there was very bad weather over

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Speaker 1: in the Ivory Coast last year an early part of

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Speaker 1: this year, which meant that the price of Coco search

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Speaker 1: and that actually hit their margins. Now they're saying it's

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Speaker 1: kind of a double hit because demand is dropping. People

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Speaker 1: aren't eeding enough chocolate. I think we all need to

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Speaker 1: get back on it and get our daily chocolate in

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Speaker 1: because Barry Caliboy is struggling. Is down twelve percent this

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Speaker 1: morning over in swis Trainer.

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Speaker 3: Well, I've started to hear the phrase snacking chocolate okay, which.

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Speaker 1: I've never heard I can get on board with that

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Speaker 1: snacking chocolate not good for the calorie count, though.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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