WEBVTT - Porsche Gains, Glencore Rallies, Sydbank Jumps 

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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 1>Let's take a look at some of the stocks on

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<v Speaker 1>the move today in Europe. I'm Lizzie Burton alongside Stephen

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<v Speaker 1>Carroll and were joined in the studio by Bloomberg reporter

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<v Speaker 1>Chloe Mela. Chloe, I want to start with Porsche speeding

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<v Speaker 1>ahead from the other motto makers this morning.

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<v Speaker 3>Yeah, absolutely so. Porsche actually on Friday evening reported its

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<v Speaker 3>first quarterly loss since its IPO and that it was

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<v Speaker 3>due to a three billion euro hit this year from

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<v Speaker 3>US tariffs and its decision to scale back its electric ambition.

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<v Speaker 3>We remember that last month they did cut its guidance,

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<v Speaker 3>which was the fourth time this year. And obviously that

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<v Speaker 3>quarterly loss of almost one billion euros does look quite

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<v Speaker 3>bad on the surface, but you said that it is

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<v Speaker 3>indeed driving ahead, speeding ahead, and the shews are doing

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<v Speaker 3>quite well this morning, because if we dig a little deeper,

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<v Speaker 3>they are actually reasons to be optimistic in this statement

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<v Speaker 3>that we had on Friday. So some analyst noted that

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<v Speaker 3>the loss wasn't as bad as expected, and the margin

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<v Speaker 3>of almost ten percent looked quite resilient, and that's really

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<v Speaker 3>boosting sentiment because there's now expectations that are returned to

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<v Speaker 3>form could be under way and that better days could

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<v Speaker 3>be coming as soon as at twenty twenty six. There's

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<v Speaker 3>still a lot of challenges, of course, the moon for

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<v Speaker 3>luxury electric vehicles is still very weak. There's obviously supply

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<v Speaker 3>chain disruptions happening at the moment in that auto market.

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<v Speaker 3>But the hope for Porsche is that cost cuts and

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<v Speaker 3>drastic changes the lineup of its models with the real

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<v Speaker 3>emphasis on SUVs will kind of help it come out

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<v Speaker 3>of this quite difficult period.

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<v Speaker 4>Okay, So that's what's going on with Porsche this morning.

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<v Speaker 4>To glen Core next, and interesting to think about how

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<v Speaker 4>the moves that we've seen in summer metal prices are

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<v Speaker 4>effects on the share price today.

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<v Speaker 3>Yeah, So glen Core and other big mining companies were

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<v Speaker 3>up this morning after copper advanced towards in all time high,

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<v Speaker 3>which was because of that hope that the US and

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<v Speaker 3>China are making good progress on a deal. So US

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<v Speaker 3>and Chinese trade negotiators wrapped up the talks on Sunday

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<v Speaker 3>that appears to be teeing up a deal for Trump

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<v Speaker 3>and using pink to be finalizing later this week, with

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<v Speaker 3>the threat of one hundred percent tarists from Trump definitely

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<v Speaker 3>off the table. Copper's actually been pretty strong throughout this year,

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<v Speaker 3>but that has been actually mostly due to a series

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<v Speaker 3>of mind disruptions in country that produce a lot of copper,

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<v Speaker 3>and then also the decline of the dollar, which made

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<v Speaker 3>commodities priced in dollars much more attractive. But this particular

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<v Speaker 3>rise that we saw today rests really on this broader

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<v Speaker 3>optimism that global economic growth will be stronger if China

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<v Speaker 3>and the US find this common ground, So that is

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<v Speaker 3>really driving those mining stocks higher this morning.

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<v Speaker 1>And finally Cory some surprise M and A for sid Bank.

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<v Speaker 1>How's the market reacting?

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<v Speaker 3>Yeah, so Danish bank Said bank has agreed to buy

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<v Speaker 3>two rivals to combine into one bigger bank, with the

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<v Speaker 3>new entity becoming, among well being one of Denmark's five

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<v Speaker 3>largest bank. So we've seen the shares the said bank

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<v Speaker 3>rise quite a lot this morning on news of that deal,

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<v Speaker 3>which was actually really unexpected. So an economist at nod

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<v Speaker 3>Net in Denmark called the acquisition a genuine surprise and

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<v Speaker 3>said that it was it came completely out of the blue,

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<v Speaker 3>but it seems to be welcomed quite warmly by the market.

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<v Speaker 3>This comes as we've seen quite a lot of consolidation

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<v Speaker 3>in that nording Nordic banking sector. We saw a DNB

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<v Speaker 3>recently take over Carnegie, and it's also, of course been

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<v Speaker 3>quite a lot of consolidation at least a lot at

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<v Speaker 3>least of a lot of talk or attempts of consolidation

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<v Speaker 3>in the European banking sector more generally, some of the

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<v Speaker 3>big proposals have failed, of course, we know about BBV

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<v Speaker 3>in Sabadel, UniCredit and Commerce Bank is stalled at the moment,

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<v Speaker 3>so perhaps those smaller deals maybe the way forward.

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

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