1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,680 --> 00:00:19,160 Speaker 3: Now, let's have a look at some of the stocks 5 00:00:19,160 --> 00:00:21,320 Speaker 3: on the move today here in Europe. I'm Caroline Hepcat 6 00:00:21,400 --> 00:00:24,040 Speaker 3: and I'm joined by Bloomberg's Equities were brought to Joe Eastern. 7 00:00:24,160 --> 00:00:28,440 Speaker 3: Good morning. So let's look at the German tech giant Ziemens. 8 00:00:28,560 --> 00:00:31,960 Speaker 3: It's up, of course, this after big news out of 9 00:00:32,000 --> 00:00:33,320 Speaker 3: the US for this sector. 10 00:00:33,880 --> 00:00:36,400 Speaker 1: Yes, this is an interesting one. The Semen's gaining today 11 00:00:36,680 --> 00:00:39,199 Speaker 1: up around one point two percent at the moment. It 12 00:00:39,479 --> 00:00:42,400 Speaker 1: was up around close to three percent earlier. Now, the 13 00:00:42,520 --> 00:00:46,279 Speaker 1: news from news from the US is that there are 14 00:00:46,640 --> 00:00:51,040 Speaker 1: going to be a reduction of restrictions on chip design 15 00:00:51,159 --> 00:00:53,840 Speaker 1: software that is sold to China. So essentially the US 16 00:00:54,200 --> 00:00:58,240 Speaker 1: was restricting the software that is used to design semiconductors 17 00:00:58,280 --> 00:01:01,800 Speaker 1: because of their trade relations with China. That will now 18 00:01:01,840 --> 00:01:04,200 Speaker 1: actually be removed. And Semens is one of the key 19 00:01:04,240 --> 00:01:09,160 Speaker 1: companies that makes this kind of software and potentially, according 20 00:01:09,160 --> 00:01:12,000 Speaker 1: to analyst supports that I'm reading, I could see around 21 00:01:12,040 --> 00:01:15,399 Speaker 1: one hundred million jump in profit just on this software. 22 00:01:15,440 --> 00:01:17,839 Speaker 1: So that is why the stock is gaining. There's also 23 00:01:17,880 --> 00:01:20,080 Speaker 1: a couple in the US that we're going to keep 24 00:01:20,080 --> 00:01:23,280 Speaker 1: an eye on, a firm called Synopsis. Expected to jump later. 25 00:01:23,319 --> 00:01:24,760 Speaker 1: But that's the boost for Semens today. 26 00:01:24,840 --> 00:01:27,920 Speaker 3: Yeah, of course, it's this easing of the tensions between 27 00:01:28,200 --> 00:01:32,040 Speaker 3: US and China in terms of that high end technology. 28 00:01:32,160 --> 00:01:34,880 Speaker 3: Hugely important step forwards. I mean, while should we be 29 00:01:34,959 --> 00:01:37,720 Speaker 3: keeping a watchful eye on watches of Switzerland? 30 00:01:38,040 --> 00:01:41,760 Speaker 1: Yes, stocks to watch today, indeed, so watch the Switzerland 31 00:01:41,800 --> 00:01:44,800 Speaker 1: this one. Actually, I'm struggling to get my words out 32 00:01:44,800 --> 00:01:48,040 Speaker 1: to day lower today on margins and stop falling as 33 00:01:48,080 --> 00:01:51,760 Speaker 1: much as ten percent now. This is mainly due to 34 00:01:51,880 --> 00:01:55,960 Speaker 1: the margin outlook. Margins are contracting. The companies predicting that 35 00:01:55,960 --> 00:01:59,080 Speaker 1: their margins could decline by around one hundred basis points 36 00:01:59,080 --> 00:02:02,960 Speaker 1: that this year. Now, analysts weren't expecting a much smaller decline, 37 00:02:03,000 --> 00:02:05,440 Speaker 1: so around zero point two percent in terms of the 38 00:02:05,440 --> 00:02:10,200 Speaker 1: margin declines. But I'm often outside watching Switzerland, staring into 39 00:02:10,240 --> 00:02:13,560 Speaker 1: the window and dreaming about making a purchase. I'm sure 40 00:02:13,600 --> 00:02:16,320 Speaker 1: these things have kind of trebled in value over the 41 00:02:16,360 --> 00:02:18,000 Speaker 1: past couple of years. I'm sure you used to be 42 00:02:18,000 --> 00:02:20,800 Speaker 1: able to pick up a roll extra about five grand, 43 00:02:20,840 --> 00:02:22,920 Speaker 1: but now the entry level seemed to be around fifteen 44 00:02:23,000 --> 00:02:26,440 Speaker 1: ground fifteen Yeah, I'm sure the cheapest ones you see 45 00:02:26,480 --> 00:02:29,959 Speaker 1: in the windows these days. So yeah, you'd think it's 46 00:02:30,000 --> 00:02:33,880 Speaker 1: pretty pretty noncyclical. But watch the Switzerland today down on 47 00:02:34,120 --> 00:02:35,000 Speaker 1: weaker margins. 48 00:02:35,480 --> 00:02:41,400 Speaker 3: Okay, UK house builders are under pressure. Why is that so? 49 00:02:41,880 --> 00:02:45,239 Speaker 1: Yesterday we had the big jump in bond jails in 50 00:02:45,280 --> 00:02:48,959 Speaker 1: the UK given the stuff around around Reeves and you've 51 00:02:48,960 --> 00:02:53,400 Speaker 1: been discussing a lot today given the worries about potentially 52 00:02:53,480 --> 00:02:56,600 Speaker 1: higher government spending in the UK and the Chancellor's position, 53 00:02:56,919 --> 00:02:59,040 Speaker 1: so that was really the sector that was hit yesterday. 54 00:02:59,080 --> 00:03:01,600 Speaker 1: We saw drops in the likes of Barkley Group that 55 00:03:01,680 --> 00:03:04,880 Speaker 1: was down around six percent per se and five percent Belway, 56 00:03:05,639 --> 00:03:07,600 Speaker 1: all of them had their worst day in a couple 57 00:03:07,639 --> 00:03:11,160 Speaker 1: of years. Given that that bond market uncertainty feeds into 58 00:03:11,200 --> 00:03:13,600 Speaker 1: the mortgage market, which has been the big way on 59 00:03:13,639 --> 00:03:16,480 Speaker 1: the sector. They're rebounding a little bit today, so they're 60 00:03:16,560 --> 00:03:19,640 Speaker 1: rising around two to three percent across the sector, But 61 00:03:19,800 --> 00:03:23,120 Speaker 1: homebuilders on a two day basis having their worst couple 62 00:03:23,160 --> 00:03:26,519 Speaker 1: of days since April because of these worries around Reeves 63 00:03:26,520 --> 00:03:27,600 Speaker 1: and the fiscal situation. 64 00:03:29,440 --> 00:03:33,560 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 65 00:03:33,639 --> 00:03:36,400 Speaker 2: us throughout the day for the latest roundup of companies 66 00:03:36,440 --> 00:03:39,520 Speaker 2: making news on Wall Street and for the latest market 67 00:03:39,520 --> 00:03:43,920 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 68 00:03:43,960 --> 00:03:47,200 Speaker 2: Bloomberg dot com, and on Applecarplay and Android otto with 69 00:03:47,280 --> 00:03:48,720 Speaker 2: the Bloomberg Business app.