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Let's take a look at some of the stocks on the move today in Europe.
I'm Rachel Evans with Caroline Hepka, and we're joined by Bloombergs Tea.
We're at a biota. Thanks for joining us.
Let's start with some moves for Equinor, coming hot on the heels of a new deal. Yes, well, there was discussion of a new deal for Equinor earlier this week. But also it is one of the biggest losers on the stock six hundred this morning, and that's actually tied to a fall in oil prices, and it's these sort of renewed hopes for an Iran deal. So it's down
as much as eight point four percent this morning. That's as President Trump said recently that a deal to end the war in Iran could be signed as soon as this weekend. Should add the caveat that, Iran semi official news agency said that nothing had been approved, but we have heard in the last of fifteen minutes or so sort of response from Iran, saying that negotiations could last sixty days about nuclear issues and that this deal could
include oil sanctions being lifted on Iran. Nonetheless, markets do seem to be absorbing the president's words on this. We've seen other oil and gas related firms also falling this morning in Europe, including BP for example. It does come after a volatile week in terms of the Middle East. We heard Trump say earlier this week that Iran would pay for delaying negotiations, So perhaps further moves to come for this stock title oil prices.
Yeah.
Interesting though that this draft murmorandum seems to have about fourteen different provisions fourteen bullet points on what would be in it.
So let's see.
Having said that, Ryanair is also reacting to the optimism maybe of a Middle East resolution.
Yes, this is the other side of the oil trade, so fores like Ryanair, they seem to be benefiting. Ryanair is up as much as seven and a half percent this morning. Oilers, of course closely tied to the price of their jet fuel. That's something that has really played the travel industry since the start of this conflict.
Oil extending declines.
Now on the latest lines about the details of that MoU earlier reached its lowest points since March the tenth, so there is some optimism in the sector.
It's across the industry.
We can see the likes of Tuey and lufthands are also gaining today on that news.
And that we're also seeing gains for Nokia what's been going on there, So a bit of a change of speed here.
Nokia is also gaining and that's after a note from JP Morgan. It says that the firm can beat its own guidance. So this is relating to Nokia's EBIT goal which they set at their capital market state in November. JP Morgan doesn't just think they can beat this goal by a little bit, but they're saying that they can beat it by as much as fifty percent, which is
a significant margin. So their shares surging almost seven percent this morning on that news, and actually year to date, the stock is up one hundred and twenty two percent, so it's a strong performer for JP Morgan, saying that consensus estimates are still not factoring in new revenue that could come from AI and its cloud businesses, and in particular the operational leverage associated with higher revenue, so perhaps further to go for Nokia in the coming weeks and months.
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