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: Now, let's take a look at some of the stocks
Speaker 3: on move today in Europe. I'm Lizzie Burden with Stephen
Speaker 3: Carroll and were joined by our breaking news editor Louise Moon. Louise,
Speaker 3: I want to start with tech and the chips sector.
Speaker 3: How are those stocks faring today?
Speaker 2: Well?
Speaker 1: Really, in summary, we've got the likes of asml st
Speaker 1: micro both up over two percent, Infinian up over three percent,
Speaker 1: all on the back of t SMC overnight reporting forty
Speaker 1: five percent rise in its monthly sales, forecasting four year
Speaker 1: sales to grow slightly above forty percent. So all of
Speaker 1: this essentially pointing to signs of sustained demand for this
Speaker 1: hardware behind AI in the face of what has been
Speaker 1: a bit of a volatile market. So tech valuations have
Speaker 1: been stalling more recently those concerns around data center over capacity.
Speaker 1: But this is kind of calming those concerns a bit
Speaker 1: and boosting chips through in Europe on the back of
Speaker 1: TSMC over in Asia.
Speaker 4: Okay, so that is a look at the tech stocks
Speaker 4: to something much more concrete though. We're going to go
Speaker 4: and talk about baked gods next, and this is the
Speaker 4: Swiss baker Arista. I think Arister the ideas my.
Speaker 1: Favorite kind of used a bit of baked goods, a.
Speaker 4: Bit of bake goods and difficult to name, to.
Speaker 1: Pronounce, yes exactly. So shares in Arista, I think you're correct,
Speaker 1: falls fell as much as fourteen percent, the lowest since
Speaker 1: January twenty twenty three. That's after their first last results,
Speaker 1: essentially seeing weak market conditions, particularly in Germany, which is
Speaker 1: its key market, so that's weighing on its profitability essentially.
Speaker 1: So they're saying that that consumer sentiment, that fragile consumer sentiment,
Speaker 1: is proving to be a larger drag than had been
Speaker 1: expected and masking otherwise good momentum in the business. So
Speaker 1: they say they're reviewing all options for Germany to maximize
Speaker 1: their shareholder value. Aless is saying that the second half
Speaker 1: should provide some catch up. There's cost savings coming through,
Speaker 1: and there's that low growth base, but yet not a
Speaker 1: great day for this for their shares.
Speaker 4: Over in Switzerland, I was tempted to see that one
Speaker 4: of their key products is luxury panarais how so you
Speaker 4: know I'll be thinking about that for the rest of
Speaker 4: the day, thanks, Louise.
Speaker 3: Well it is nine fifty six am. You know this
Speaker 3: sort of time when one thinks about baked God. Look,
Speaker 3: we've also been talking about UK hiring turning a corner
Speaker 3: this morning, Louise. You're keeping tabs on the hiring agencies.
Speaker 1: Yes, so, Hayes and Michael page two ones to two
Speaker 1: of the key ones here in the UK up slightly,
Speaker 1: Robert Walters actually down. Essentially, this is all on the
Speaker 1: back of there's been a report that the latest report
Speaker 1: by the Recruitment and Employment Confederation alongside KPMG, so this
Speaker 1: is quite a regular report and the latest ones showing
Speaker 1: signs that the jobs market is turning a corner. Obviously,
Speaker 1: they've had a very tough period for quite a while now.
Speaker 1: There's a host of factors, but higher employment costs, political
Speaker 1: uncertainty here in the UK, combined with kind of more
Speaker 1: macro factors, so the impact of the Iran war being
Speaker 1: one of them. They've been dealing with that and hiring
Speaker 1: has been a tough market. But at the latest data
Speaker 1: showing that hiring in July actually held steady. This breaks
Speaker 1: forty five months of downturn. So the stretches back to
Speaker 1: the Liz Trust era crisis era in twenty twenty two.
Speaker 1: Every month has been a downtown and this is it's
Speaker 1: now steadying, So pointing to a bit of a ray
Speaker 1: of light for hiring. But as I say, shares for
Speaker 1: a couple of the main ones up but only slightly. Essentially,
Speaker 1: there's still a lot of caution there. There's still a
Speaker 1: lot to improve and also a lot also hinges on
Speaker 1: what policies Andy Burnham will bring in to the UK.
Speaker 1: So silt, a lot of things be worked out, but
Speaker 1: a bit of a ray of hope for hiring and
Speaker 1: job seekers in the UK.
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