1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,320 Speaker 3: Now, let's look at some of the stocks on the 5 00:00:18,360 --> 00:00:20,960 Speaker 3: move today in Europe. I'm Caroline Hepget and we're joined 6 00:00:20,960 --> 00:00:24,040 Speaker 3: by Bloomberg reporter Louise Moon. Good to have you this Friday, 7 00:00:24,079 --> 00:00:27,639 Speaker 3: where we've had interesting breaking news, a big jump in 8 00:00:27,800 --> 00:00:32,280 Speaker 3: UBS shares because of what Swiss lawmakers are discussing. 9 00:00:32,440 --> 00:00:35,800 Speaker 1: Yeah, absolutely, Storring this morning they hit seventeen year high 10 00:00:35,840 --> 00:00:38,040 Speaker 1: on the back of this news. So essentially a group 11 00:00:38,120 --> 00:00:43,640 Speaker 1: of influential lawmakers in influential lawmakers have proposed watering down 12 00:00:43,880 --> 00:00:48,240 Speaker 1: capital requirements that the Swiss government have proposed to impose 13 00:00:48,280 --> 00:00:51,199 Speaker 1: on the bank. So essentially there's a few parts to it, 14 00:00:51,240 --> 00:00:54,600 Speaker 1: but essentially they would allow it would allow Ubs to 15 00:00:54,720 --> 00:00:57,200 Speaker 1: use a type of junior debt which is known as 16 00:00:57,200 --> 00:01:01,040 Speaker 1: eighty one bonds instead of equity to meet the capital requirements. 17 00:01:02,000 --> 00:01:05,440 Speaker 1: And so essentially this is being taken as good news. 18 00:01:05,440 --> 00:01:07,880 Speaker 1: It could if it, you know, goes ahead, it could 19 00:01:07,920 --> 00:01:11,800 Speaker 1: point to a bit of end to a standoff between 20 00:01:11,840 --> 00:01:14,080 Speaker 1: them and the government. Efforts, and there's been you know, 21 00:01:14,120 --> 00:01:17,440 Speaker 1: criticism that towards the government that it's gone too far. 22 00:01:17,959 --> 00:01:21,880 Speaker 1: So part of the these requirements are threatening to impose 23 00:01:21,880 --> 00:01:24,279 Speaker 1: as much thirty six billion dollars in new capital demand. 24 00:01:24,400 --> 00:01:27,240 Speaker 1: So potentially good news for UBS on the back of 25 00:01:27,280 --> 00:01:29,600 Speaker 1: this proposal, as I say, if it all goes through, 26 00:01:29,640 --> 00:01:32,319 Speaker 1: so shares positive on the back of that. 27 00:01:32,600 --> 00:01:34,880 Speaker 3: Yeah, So some kind of solution. Obviously, this is the 28 00:01:34,920 --> 00:01:37,720 Speaker 3: overhang of credit sweets and the worries that lawmakers and 29 00:01:37,760 --> 00:01:40,679 Speaker 3: Switzerland has about the size of their banks and kind 30 00:01:40,720 --> 00:01:44,639 Speaker 3: of exposure globally for those businesses. And yet the tension 31 00:01:44,640 --> 00:01:46,840 Speaker 3: because obviously the bank wants to be a kind of 32 00:01:46,840 --> 00:01:48,880 Speaker 3: global player I want to imagine. So this may be 33 00:01:50,480 --> 00:01:53,200 Speaker 3: trying to resolve and find a way a way forwards. 34 00:01:53,320 --> 00:01:57,480 Speaker 3: Very interesting. What about also in the banking space, Standard 35 00:01:57,520 --> 00:01:59,000 Speaker 3: Chartered also gaining today? 36 00:01:59,000 --> 00:02:02,200 Speaker 1: Why yes, slightly different stories. They're gaining on the back 37 00:02:02,240 --> 00:02:04,600 Speaker 1: of an analyst change. So Goldment have upgraded them to 38 00:02:04,640 --> 00:02:09,959 Speaker 1: a buy. They are expecting improved a profitability, the chance 39 00:02:10,000 --> 00:02:13,639 Speaker 1: that it will raise their guidance on returns and they're 40 00:02:13,680 --> 00:02:17,000 Speaker 1: expecting this to come next year at four year results 41 00:02:17,080 --> 00:02:20,519 Speaker 1: or an upcoming vested day. It kind of adds to 42 00:02:20,560 --> 00:02:22,640 Speaker 1: good news for Standard Chartered. So if you look at 43 00:02:22,639 --> 00:02:24,639 Speaker 1: their last results in October, they raise their outlook there 44 00:02:24,639 --> 00:02:27,720 Speaker 1: they beat estimates, so shares climbed in Hong Kong on 45 00:02:27,720 --> 00:02:29,320 Speaker 1: the back of the news. Obviously it's sure listed and 46 00:02:29,360 --> 00:02:32,120 Speaker 1: then again also in London today and it adds to 47 00:02:32,720 --> 00:02:35,440 Speaker 1: the buys for if you look at the analyst ratings, 48 00:02:35,440 --> 00:02:38,320 Speaker 1: they've got fourteen buys, six holds and three cells. So 49 00:02:38,360 --> 00:02:41,960 Speaker 1: it adds to those ratings and strengthens that outlook for 50 00:02:42,480 --> 00:02:46,919 Speaker 1: Standard Charters. That's Goldman Sacks upgrading to a buy and. 51 00:02:46,880 --> 00:02:51,600 Speaker 3: Then lastly added Das talking about sales and the power 52 00:02:52,000 --> 00:02:53,359 Speaker 3: sportswear business. 53 00:02:54,120 --> 00:02:56,560 Speaker 1: Yeah, so this has been it's been seen as the 54 00:02:56,639 --> 00:02:58,520 Speaker 1: kind of two things. So one is potentially a bit 55 00:02:58,520 --> 00:03:01,800 Speaker 1: of a ripple through from Lululem and overnight they raised 56 00:03:01,800 --> 00:03:03,839 Speaker 1: their outlook, they had new CEOs. There's kind of hopes 57 00:03:03,880 --> 00:03:06,160 Speaker 1: of a bit of innovation. There's a lot of competition 58 00:03:06,160 --> 00:03:10,560 Speaker 1: in the space, but hopes that that after period of 59 00:03:10,639 --> 00:03:13,320 Speaker 1: Fu Lulu Lemons sluggish growth, you know that things could 60 00:03:13,320 --> 00:03:15,600 Speaker 1: start to turn around and there's potential that that has 61 00:03:15,880 --> 00:03:17,760 Speaker 1: you know, kind of rippled through into the European market. 62 00:03:17,800 --> 00:03:22,400 Speaker 1: In terms of sentiment, there's also optimism for Adidas on 63 00:03:22,440 --> 00:03:26,160 Speaker 1: its own. There's an interesting bi note that came out 64 00:03:26,200 --> 00:03:29,360 Speaker 1: Bloomberg Intelligence that were saying they expect sales strength to 65 00:03:29,400 --> 00:03:33,600 Speaker 1: increase and to extend into twenty twenty six. They're executing better, 66 00:03:33,600 --> 00:03:35,800 Speaker 1: there's a lot of demand for their products, both classic 67 00:03:35,800 --> 00:03:38,720 Speaker 1: products and new products. So essentially just a lot of 68 00:03:38,720 --> 00:03:42,880 Speaker 1: added sorry, a lot of optimism surrounding added US today 69 00:03:42,960 --> 00:03:45,040 Speaker 1: and shares a jumping. 70 00:03:44,760 --> 00:03:50,080 Speaker 2: On that the Stock Movers Report from Bloomberg Radio. Check 71 00:03:50,160 --> 00:03:52,480 Speaker 2: back with us throughout the day for the latest roundup 72 00:03:52,520 --> 00:03:55,480 Speaker 2: of companies making news on Wall Street and for the 73 00:03:55,560 --> 00:03:59,880 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch 74 00:04:00,200 --> 00:04:03,920 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 75 00:04:03,960 --> 00:04:05,920 Speaker 2: Auto with the Bloomberg Business app.