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 look at some of the stocks on the
Speaker 3: move today in Europe. I'm Caroline Hepget and we're joined
Speaker 3: by Bloomberg reporter Louise Moon. Good to have you this Friday,
Speaker 3: where we've had interesting breaking news, a big jump in
Speaker 3: UBS shares because of what Swiss lawmakers are discussing.
Speaker 1: Yeah, absolutely, Storring this morning they hit seventeen year high
Speaker 1: on the back of this news. So essentially a group
Speaker 1: of influential lawmakers in influential lawmakers have proposed watering down
Speaker 1: capital requirements that the Swiss government have proposed to impose
Speaker 1: on the bank. So essentially there's a few parts to it,
Speaker 1: but essentially they would allow it would allow Ubs to
Speaker 1: use a type of junior debt which is known as
Speaker 1: eighty one bonds instead of equity to meet the capital requirements.
Speaker 1: And so essentially this is being taken as good news.
Speaker 1: It could if it, you know, goes ahead, it could
Speaker 1: point to a bit of end to a standoff between
Speaker 1: them and the government. Efforts, and there's been you know,
Speaker 1: criticism that towards the government that it's gone too far.
Speaker 1: So part of the these requirements are threatening to impose
Speaker 1: as much thirty six billion dollars in new capital demand.
Speaker 1: So potentially good news for UBS on the back of
Speaker 1: this proposal, as I say, if it all goes through,
Speaker 1: so shares positive on the back of that.
Speaker 3: Yeah, So some kind of solution. Obviously, this is the
Speaker 3: overhang of credit sweets and the worries that lawmakers and
Speaker 3: Switzerland has about the size of their banks and kind
Speaker 3: of exposure globally for those businesses. And yet the tension
Speaker 3: because obviously the bank wants to be a kind of
Speaker 3: global player I want to imagine. So this may be
Speaker 3: trying to resolve and find a way a way forwards.
Speaker 3: Very interesting. What about also in the banking space, Standard
Speaker 3: Chartered also gaining today?
Speaker 1: Why yes, slightly different stories. They're gaining on the back
Speaker 1: of an analyst change. So Goldment have upgraded them to
Speaker 1: a buy. They are expecting improved a profitability, the chance
Speaker 1: that it will raise their guidance on returns and they're
Speaker 1: expecting this to come next year at four year results
Speaker 1: or an upcoming vested day. It kind of adds to
Speaker 1: good news for Standard Chartered. So if you look at
Speaker 1: their last results in October, they raise their outlook there
Speaker 1: they beat estimates, so shares climbed in Hong Kong on
Speaker 1: the back of the news. Obviously it's sure listed and
Speaker 1: then again also in London today and it adds to
Speaker 1: the buys for if you look at the analyst ratings,
Speaker 1: they've got fourteen buys, six holds and three cells. So
Speaker 1: it adds to those ratings and strengthens that outlook for
Speaker 1: Standard Charters. That's Goldman Sacks upgrading to a buy and.
Speaker 3: Then lastly added Das talking about sales and the power
Speaker 3: sportswear business.
Speaker 1: Yeah, so this has been it's been seen as the
Speaker 1: kind of two things. So one is potentially a bit
Speaker 1: of a ripple through from Lululem and overnight they raised
Speaker 1: their outlook, they had new CEOs. There's kind of hopes
Speaker 1: of a bit of innovation. There's a lot of competition
Speaker 1: in the space, but hopes that that after period of
Speaker 1: Fu Lulu Lemons sluggish growth, you know that things could
Speaker 1: start to turn around and there's potential that that has
Speaker 1: you know, kind of rippled through into the European market.
Speaker 1: In terms of sentiment, there's also optimism for Adidas on
Speaker 1: its own. There's an interesting bi note that came out
Speaker 1: Bloomberg Intelligence that were saying they expect sales strength to
Speaker 1: increase and to extend into twenty twenty six. They're executing better,
Speaker 1: there's a lot of demand for their products, both classic
Speaker 1: products and new products. So essentially just a lot of
Speaker 1: added sorry, a lot of optimism surrounding added US today
Speaker 1: and shares a jumping.
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