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Well, let's take a look at the stocks on the move in Europe. I'm Stephen Carroll and I'm joined by Bloomberg's Chloe Mele Chloe. Let's start with Infinian riding the tech wave along with several others this morning. Yeah.
Absolutely, Look, it looks like the AI trade is very much back on. And so as you were saying, a lot was hinging upon what Micron and also Welcome were going to have to say in their results, and both
of those companies gave a very strong forecast. In Micron in particular it was just way ahead of estimates, and so for investors, that really confirms that this AI growth runway it's still very very strong, and also reassured the investors when it comes to, you know, those shortages that we've been talking about in memory chips and so in Europe we are seeing now all of those AI related stocks as well in the green so Infinian being one of them, but asml ASM, all of those chip makers,
chip making equipment manufacturers, very much riding that tech wave and it comes as quite a relief for the sector, given that the last few days have actually been quite
weak for that tech sector. It's quite a familiar a story now where we get investors really excited about AI and then one company will post something that indicates, you know, maybe slightly slower growth or very high expenses, and investors will start to get worried, and then we'll get another set of blowout results from someone else and the confidence kind of starts back up. And so it seems to
be happening yet again. But we are very much in the green across that tech AI related sector this morning in Europe.
Yeah, I mean, it's very much a buckle up for the next stage of this. Yes, it seems to be the sentiment on markets today. Let's turn next to EasyJet shares rising on some questions about potential m and A.
Yeah, so easy to have rejected another offer from the investment firm Castle lig and that is now the fourth bid that it has rejected. But what's different now is that it is potentially leaving the door open and showing some willingness to engage a little bit more with Castle LIGs. So it granted the company a bit more time and also more access to limited commercial information to potentially improve on that latest offer. So it is definitely a change in tone from a few days ago when it seemed
very opposed to it. You know, it said that this was a highly opportunistic offer, that it wanted to buy Easy Get on the cheap. But now it's changing its turn a little bit and we'll have to see how this goes going forward. You know, the shares were up this morning, rose about six percent at the open, but we're still trading below the offer price. So now there's a lot of questions there still need to be answered. You know, we we'll see another London, London listed firm
going private. We we'll see more evidence of this kind of consolidation MNA wave in the airline industry in those kind of tough times for that sector with those higher fuel costs. You know, there's a lot of those of those questions that will arise as we wait for more details on this potential potential Easy Get m and A.
Okay, so we'll keep an eye on that one too. And some bargain basement shopping helping to lift three I group.
Yeah, three I being a private equity firm that has a big stake in the discount retailer Action, and this morning it said that things were going very well for Action, So that really reassured investors after the latest earnings in May from three I that led the shests of really slump because they were essentially flagging the fact that Action Celles were really struggling, and so at the time it was really taken as proof that even those low cost
retailers were really struggling and suffering from that week consumer spending off the back of the Iran war, and there was particular weakness in France and in Germany and and list. It said at the time the Action had a lot to do to try and meet its guidance. But it seems that it's managed to maybe get back on track. But the picture overall in retail is looking quite mixed. We also had H and M reporting and saying that
they were actually quite weak sales as well. But in a couple of weeks we'll get the earning season started back again and maybe the picture will get clearer across all of that retail sector.
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