WEBVTT - Infineon Rises, Aryzta Drops, Hays 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.

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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 move today in Europe. I'm Lizzie Burden with Stephen

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<v Speaker 3>Carroll and were joined by our breaking news editor Louise Moon. Louise,

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<v Speaker 3>I want to start with tech and the chips sector.

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<v Speaker 3>How are those stocks faring today?

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<v Speaker 2>Well?

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<v Speaker 1>Really, in summary, we've got the likes of asml st

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<v Speaker 1>micro both up over two percent, Infinian up over three percent,

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<v Speaker 1>all on the back of t SMC overnight reporting forty

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<v Speaker 1>five percent rise in its monthly sales, forecasting four year

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<v Speaker 1>sales to grow slightly above forty percent. So all of

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<v Speaker 1>this essentially pointing to signs of sustained demand for this

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<v Speaker 1>hardware behind AI in the face of what has been

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<v Speaker 1>a bit of a volatile market. So tech valuations have

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<v Speaker 1>been stalling more recently those concerns around data center over capacity.

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<v Speaker 1>But this is kind of calming those concerns a bit

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<v Speaker 1>and boosting chips through in Europe on the back of

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<v Speaker 1>TSMC over in Asia.

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<v Speaker 4>Okay, so that is a look at the tech stocks

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<v Speaker 4>to something much more concrete though. We're going to go

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<v Speaker 4>and talk about baked gods next, and this is the

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<v Speaker 4>Swiss baker Arista. I think Arister the ideas my.

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<v Speaker 1>Favorite kind of used a bit of baked goods, a.

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<v Speaker 4>Bit of bake goods and difficult to name, to.

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<v Speaker 1>Pronounce, yes exactly. So shares in Arista, I think you're correct,

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<v Speaker 1>falls fell as much as fourteen percent, the lowest since

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<v Speaker 1>January twenty twenty three. That's after their first last results,

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<v Speaker 1>essentially seeing weak market conditions, particularly in Germany, which is

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<v Speaker 1>its key market, so that's weighing on its profitability essentially.

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<v Speaker 1>So they're saying that that consumer sentiment, that fragile consumer sentiment,

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<v Speaker 1>is proving to be a larger drag than had been

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<v Speaker 1>expected and masking otherwise good momentum in the business. So

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<v Speaker 1>they say they're reviewing all options for Germany to maximize

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<v Speaker 1>their shareholder value. Aless is saying that the second half

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<v Speaker 1>should provide some catch up. There's cost savings coming through,

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<v Speaker 1>and there's that low growth base, but yet not a

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<v Speaker 1>great day for this for their shares.

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<v Speaker 4>Over in Switzerland, I was tempted to see that one

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<v Speaker 4>of their key products is luxury panarais how so you

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<v Speaker 4>know I'll be thinking about that for the rest of

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<v Speaker 4>the day, thanks, Louise.

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<v Speaker 3>Well it is nine fifty six am. You know this

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<v Speaker 3>sort of time when one thinks about baked God. Look,

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<v Speaker 3>we've also been talking about UK hiring turning a corner

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<v Speaker 3>this morning, Louise. You're keeping tabs on the hiring agencies.

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<v Speaker 1>Yes, so, Hayes and Michael page two ones to two

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<v Speaker 1>of the key ones here in the UK up slightly,

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<v Speaker 1>Robert Walters actually down. Essentially, this is all on the

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<v Speaker 1>back of there's been a report that the latest report

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<v Speaker 1>by the Recruitment and Employment Confederation alongside KPMG, so this

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<v Speaker 1>is quite a regular report and the latest ones showing

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<v Speaker 1>signs that the jobs market is turning a corner. Obviously,

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<v Speaker 1>they've had a very tough period for quite a while now.

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<v Speaker 1>There's a host of factors, but higher employment costs, political

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<v Speaker 1>uncertainty here in the UK, combined with kind of more

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<v Speaker 1>macro factors, so the impact of the Iran war being

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<v Speaker 1>one of them. They've been dealing with that and hiring

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<v Speaker 1>has been a tough market. But at the latest data

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<v Speaker 1>showing that hiring in July actually held steady. This breaks

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<v Speaker 1>forty five months of downturn. So the stretches back to

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<v Speaker 1>the Liz Trust era crisis era in twenty twenty two.

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<v Speaker 1>Every month has been a downtown and this is it's

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<v Speaker 1>now steadying, So pointing to a bit of a ray

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<v Speaker 1>of light for hiring. But as I say, shares for

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<v Speaker 1>a couple of the main ones up but only slightly. Essentially,

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<v Speaker 1>there's still a lot of caution there. There's still a

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<v Speaker 1>lot to improve and also a lot also hinges on

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<v Speaker 1>what policies Andy Burnham will bring in to the UK.

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<v Speaker 1>So silt, a lot of things be worked out, but

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<v Speaker 1>a bit of a ray of hope for hiring and

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<v Speaker 1>job seekers in the UK.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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