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Well, let's take a look at some stocks on the move today in Europe. I'm Stephen Carroll with Leslie Burton, and we're joined by Bloomberg reporter Chloe Melee. Chloe, good morning. Let's start them with ASML, the Surgeon shares after their results. What's pushing them so high?
Yeah, fantastic day for ASML today and for that chip sector in Europe in general, and the results from ASML drove higher. All of those names like Infinni and b Semi, all of them were in the green and quite strongly in the green this morning. So the reason for this is because ASML reported orders for the fourth quarter that were nearly double what Analyz had expected, so a major beat there, and then its outlook for twenty twenty six
was also quite a beat. And it also announced a twelve billion euro buyback by the end of twenty twenty eight and also about seventeen hundred drop cuts to make its operations a bit more streamlined, a bit more agile, and all of that has really led the shares much higher this morning, and the CEO said that clients were turning more and more optimistic about AI demand, which explains that record order intake and also boats quite well for
the coming quarters. So this is kind of yet another sign of this AM momentum after we already had an upy outlook from TSMC recently, which is a big customer for ASML, and ASML is particularly well positioned within that kind of chip equipment sector because it's the only producer of a certain kind of machine that is needed to make a really advanced semiconductors, and so if it does well, that means that TSMC is doing well, it means that Nvidia is doing well, and it means that AI demand
is very strong, and so that has really led the shares higher across that sector this morning. So there's a lot of optimism there, okay, But it's the opposite story for LVMH this morning, Chloe a sign of sector weakness. Perhaps for luxury, yes, probably so. The sales from LVMH came in below expectations, and the CEO said that the outlook was quite uncertain at least in the near term, even though it might be a little bit better in the longer term, and that has dragged down the rest
of the luxury sector. This morning all in the red, so Christian do or ms carrying all of those were down this morning. It's an interesting reversal given that at the beginning of the ending season there was quite a lot of enthusiasm from investors because we had quite good results from the first few companies that reported, so Barbary and Richmond came out with quite good numbers, quite up
the outlooks. But LVMH really is the bell weather for this industry, so the fact that numbers were weak is very really not very encouraging, and it perhaps shows that the results from Barberie and Richmore maybe were a little bit more company specific rather than indicative of a wider rebound. And you know, we know that Rishmore is more exposed to jewelry, for example, which is much more resilient, and Burbery is also undergoing a turnaround, so that might have
been why I was doing better better. So it looks like the journey back to growth for their luxury sector is looking a little bumpy based on those lv IMAGE numbers.
Okay, and then to Volvo trucks and their latest earning statement. What's been the reaction.
Yeah, so it's been a tough few months for the truck industry, but things are looking up according to Volvo. So they raised their outlook for the European truck market and they also said that they were expecting better retail sales in North America this year as well. So this shows that perhaps the worst is over for this market after quite a prolonged downturn there, which was particularly bad
in North America. Sales have been declining in the region for quite a while, and that was because of a range of factors, and you know, we had regulatory uncertainty, but then also more importantly, we had tariffs, which meant that there were few goods to transport, therefore less demand for trucks, and then there were tariffs that were imposed on the truck makers themselves. So there was a lot
of tariff uncertainty that was weighing on that sector. But now there are signs of maybe you thinks, stabilizing, of orders picking up again. And even though the company said that North and South America was still slightly weaker regions, you know, so it's a tentative recovery, but it seems that things are getting a little better for Volvo and that potentially quite well for pears like Diamond.
Truck as well.
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