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It's time to check in on some of the stocks on the move today in Europe. I'm Stephen Carroll and I'm joined by Bloomberg's Coe Melle for more on this. Koe, Good morning morning. So all eyes on oil price as we're looking at that situation in Venezuela. How are we seeing the response in oil companies.
Yeah, well it's it's a little bit weak. So BP, Shell, toteal Any, all of them were down this morning on this latest development. So Trump said that Venezuela would send fifty million barrels of oil to the US, which is worth about two point eight billion dollars, and the announcement sent oil prices falling, and of course when oil price is a week, shares in oil companies do tend to follow.
It's worth saying that the amount of oil that we're talking about here is fairly insignificant economically and it will not necessarily meaningfully change the supply in the market. But politically, of course, it is a big move and it has
consequences even beyond Venezuela as well. In particulars it is a big blow to China, which is a top buyer of Venezuela and oil and also really close partner to that country, and it seems that Trump is really trying to kind of tighten that grip on Venezuela, and the administration reportedly demanded that the country reduced its economic ties to China, Russia, Iran in Cuba. And so this is of course a situation that's still in flags theale a few details at the moment on the actual process of
sending those barrels to the US. So this is definitely something to keep an eye on and to keep an eye on what it means as well for those oil companies.
Yeah, certainly when we're monitoring throughout the day as well, particularly as we look at pre market in the US too, with a big jump yesterday and Chevron shares turning to Sweden next, the industrial company Atlas Copco gaining today. Why.
Yeah, So, adlas Copco is a company that makes things like vacuum solutions and compressors. So on the face of it, that doesn't sound super interesting, but it is a major Swedish industrial company, and if it is doing well, it tells us a lot about the recovery in the industrial sector and where momentum is actually kind of picking up. And so Atlas COPCOA was just upgraded at Bernstein with analysts as saying that earnings at bottomed and that a
rebound was on the way. And this is something that other analysts have flagged as well, previously saying that orders will likely start kind of flowing through again because of manufacturing and construction activity starting to recover. Companies are once again starting to invest in equipment because there is now greater clarity on tariffs, there's more solid demand. You know, just yesterday we had chip makers moving higher because of
an expected recovery in industrial and markets. So this is all really part of the same story of companies kind of growing more confident, wanting to spend their money, and sometimes part of that is that they do need a big industrial compressor, and Atlas Copco will be there to provide that.
Poor Atlas Copco saying they're not very interesting lots of life, They're interested in these compression machines as well.
I am interested.
We all learned something. I'm just saying, let's go to the Netherlands next to the parcel locker operator in Post dealing with the delivery of bad news. Shares down six and a half percent.
Yeah, yesterday we saw massive gains for that company because it announced a big takeover proposal, and sky News then reported that the bidder was the private equity firm at International, which already owns about six point five percent of Imposts but has been selling a lot of that stick in recent years. And this followed a period for Imposts of
being one of the most shorted stocks in Europe. But now today we are, after this massive rally that we saw yesterday, we are seeing a big drop in the shares and analysts are saying that this was triggered by profit taking after the rally yesterday, and that profit taking might also be because it's still really unclear, really uncertain whether a takeover bid would actually materialize, and so investors are maybe not quite keen to stick around until they
figured it out. But there'll be more to follow there probably more announcements coming from in Posts at some point day led down the line.
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