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 00:00:17,760 --> 00:00:19,280 Speaker 3: Now, let's take a look at some of the stocks 5 00:00:19,280 --> 00:00:22,320 Speaker 3: on the move today in Europe. Were joined by Bloomberg's 6 00:00:22,320 --> 00:00:26,640 Speaker 3: equities reporter Joe Easton Joe another day, another trading session 7 00:00:26,720 --> 00:00:31,160 Speaker 3: dominated by tariffs, and it's electronic firms driving the markets 8 00:00:31,200 --> 00:00:31,720 Speaker 3: at the open. 9 00:00:31,720 --> 00:00:32,120 Speaker 2: Who's up. 10 00:00:32,200 --> 00:00:35,879 Speaker 4: Yes, pretty big moves across the chip and also broader 11 00:00:35,920 --> 00:00:38,400 Speaker 4: tech space today. So the likes of Asmel gaining around 12 00:00:38,440 --> 00:00:41,800 Speaker 4: three percent, as are the chip makers in Finni and 13 00:00:42,000 --> 00:00:46,000 Speaker 4: st Micro and even some of the more tech focused companies. 14 00:00:46,000 --> 00:00:49,080 Speaker 4: In terms of the hardware firms, Logitech was gaining around 15 00:00:49,120 --> 00:00:53,120 Speaker 4: five percent. So while these headlines are around potential exemptions 16 00:00:53,560 --> 00:00:57,120 Speaker 4: on some teriffs for chips and the border tech sector 17 00:00:57,200 --> 00:01:00,720 Speaker 4: have been watered down very slightly, it's still is a positive. 18 00:01:00,760 --> 00:01:03,760 Speaker 4: So Trump announcing potentially we are going to see some 19 00:01:03,880 --> 00:01:06,959 Speaker 4: key exemptions across the space, and that's really feeding through. 20 00:01:06,959 --> 00:01:09,560 Speaker 4: It's the main driver across European markets today. We're all 21 00:01:09,880 --> 00:01:12,759 Speaker 4: green stocks all across the tech space this morning. 22 00:01:13,160 --> 00:01:15,840 Speaker 1: Speaking of something else that's driving Chinese EV maker is 23 00:01:16,000 --> 00:01:20,679 Speaker 1: charging ahead, absolutely driving forward in terms of the ev 24 00:01:20,880 --> 00:01:23,600 Speaker 1: So there was another report again it's all kind of 25 00:01:23,600 --> 00:01:25,200 Speaker 1: tariff related at the moment, isn't it. 26 00:01:25,240 --> 00:01:28,880 Speaker 4: So a reports out from Bloomberg saying that the EU 27 00:01:28,920 --> 00:01:33,399 Speaker 4: and China working towards an agreement on the evs that 28 00:01:33,480 --> 00:01:37,119 Speaker 4: are sold from China into Europe, So rather than doing tariffs, 29 00:01:37,200 --> 00:01:40,440 Speaker 4: they're potentially going to do minimum pricing as well. And 30 00:01:40,720 --> 00:01:45,120 Speaker 4: the lower pricing of Chinese evs coming into the European 31 00:01:45,160 --> 00:01:48,040 Speaker 4: market has been the big impact on that sector, really 32 00:01:48,120 --> 00:01:51,000 Speaker 4: hit a lot of the stocks, likes A BMW, also 33 00:01:51,560 --> 00:01:53,880 Speaker 4: with Mercedes as well. What we're seeing a bit of 34 00:01:53,960 --> 00:01:57,200 Speaker 4: a move high in that sector today potentially because there 35 00:01:57,280 --> 00:01:59,120 Speaker 4: might be a bit of an agreement coming through. So 36 00:01:59,200 --> 00:02:02,120 Speaker 4: those stocks are round two percent at the moments. Delantis 37 00:02:02,160 --> 00:02:06,200 Speaker 4: also hired Reno also highs a positivity in Ausos alongside 38 00:02:06,240 --> 00:02:07,960 Speaker 4: Chips to the big themes today. 39 00:02:07,880 --> 00:02:11,880 Speaker 3: Now Joe of course, earning season is getting underway and 40 00:02:11,919 --> 00:02:15,160 Speaker 3: we have lvimate reporting after the bell, does a share 41 00:02:15,160 --> 00:02:17,880 Speaker 3: price suggest they're going to be popping champagne corks or 42 00:02:18,200 --> 00:02:19,480 Speaker 3: staring into an empty. 43 00:02:19,160 --> 00:02:23,280 Speaker 4: Bottom barkling potentially later today LVMH. So it's going to 44 00:02:23,320 --> 00:02:26,919 Speaker 4: be the key focus the first kind of big luxury 45 00:02:27,000 --> 00:02:31,040 Speaker 4: report from that sector coming out after the close today. Now, luxury, 46 00:02:31,120 --> 00:02:33,239 Speaker 4: of course has been on a bit of a rough ride. 47 00:02:33,320 --> 00:02:35,200 Speaker 4: First of all, there were the China issues and then 48 00:02:35,280 --> 00:02:37,640 Speaker 4: later of course the tariff impact. So what's going to 49 00:02:37,639 --> 00:02:41,320 Speaker 4: be key in this report is whether we're actually seeing 50 00:02:41,440 --> 00:02:45,320 Speaker 4: any impact on the initial US spending on tariffs given 51 00:02:45,639 --> 00:02:48,920 Speaker 4: what we've seen from the US, and whether that's feeding 52 00:02:48,960 --> 00:02:52,320 Speaker 4: through with the share prices coming down people's own personal 53 00:02:52,360 --> 00:02:55,800 Speaker 4: portfolios reducing does that mean people feel they have less 54 00:02:55,840 --> 00:02:58,320 Speaker 4: money to spend going forward to feeling less flush and 55 00:02:58,360 --> 00:03:02,440 Speaker 4: therefore buying fewer of those lovely handbags and piece of jewelry. 56 00:03:02,480 --> 00:03:04,880 Speaker 4: So it's going to be a key indicator in terms 57 00:03:04,880 --> 00:03:06,359 Speaker 4: of the drinks, just to touch a new point that 58 00:03:06,360 --> 00:03:09,400 Speaker 4: I was looking at the preview from our reporter and 59 00:03:09,480 --> 00:03:12,280 Speaker 4: actually the drink the wine and spirits business. This is 60 00:03:12,720 --> 00:03:16,000 Speaker 4: of course the MOA business expected to be the weakest 61 00:03:16,000 --> 00:03:19,120 Speaker 4: part of the report, potentially seeing sales down around five percent, 62 00:03:19,200 --> 00:03:20,880 Speaker 4: So a lot to watch, but it's going to be 63 00:03:20,880 --> 00:03:23,359 Speaker 4: a key belt weather for that sector today. 64 00:03:24,080 --> 00:03:28,200 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 65 00:03:28,280 --> 00:03:31,040 Speaker 2: us throughout the day for the latest roundup of companies 66 00:03:31,080 --> 00:03:34,120 Speaker 2: making news on Wall Street and for the latest market 67 00:03:34,160 --> 00:03:38,560 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 68 00:03:38,560 --> 00:03:41,840 Speaker 2: Bloomberg dot com, and on Applecarplay and Android otto with 69 00:03:41,880 --> 00:03:43,360 Speaker 2: the Bloomberg Business app.